ValuEngine upgraded shares of SCANA (NYSE:SCG) from a strong sell rating to a sell rating in a research note issued to investors on Thursday morning.

A number of other analysts have also issued reports on the company. Zacks Investment Research lowered SCANA from a hold rating to a sell rating in a report on Thursday, August 9th. UBS Group raised SCANA from a sell rating to a neutral rating in a report on Friday, September 28th. Wolfe Research reaffirmed an outperform rating on shares of SCANA in a report on Thursday, September 27th. Finally, Mizuho raised SCANA from a neutral rating to a buy rating in a report on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. SCANA presently has an average rating of Hold and a consensus price target of $40.08.

SCG traded up $0.60 during midday trading on Thursday, reaching $40.86. The company’s stock had a trading volume of 20,688 shares, compared to its average volume of 1,492,636. The firm has a market capitalization of $5.72 billion, a P/E ratio of 9.71, a price-to-earnings-growth ratio of 3.55 and a beta of 0.12. The company has a quick ratio of 0.61, a current ratio of 0.76 and a debt-to-equity ratio of 1.14. SCANA has a twelve month low of $33.61 and a twelve month high of $49.63.

SCANA (NYSE:SCG) last released its earnings results on Thursday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.08. The firm had revenue of $843.00 million for the quarter, compared to analyst estimates of $858.45 million. SCANA had a positive return on equity of 10.57% and a negative net margin of 5.50%. The company’s revenue was down 15.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. As a group, analysts anticipate that SCANA will post 3.23 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Monday, September 10th were issued a dividend of $0.1237 per share. This represents a $0.49 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, September 7th. SCANA’s payout ratio is presently 11.67%.

Several large investors have recently made changes to their positions in SCG. FMR LLC grew its holdings in shares of SCANA by 196.3% during the 2nd quarter. FMR LLC now owns 1,782,223 shares of the utilities provider’s stock worth $68,652,000 after purchasing an additional 1,180,784 shares in the last quarter. WBI Investments Inc. boosted its stake in SCANA by 1,023.7% in the 2nd quarter. WBI Investments Inc. now owns 524,435 shares of the utilities provider’s stock valued at $20,201,000 after buying an additional 477,765 shares in the last quarter. BlackRock Inc. boosted its stake in SCANA by 3.7% in the 2nd quarter. BlackRock Inc. now owns 12,493,290 shares of the utilities provider’s stock valued at $481,241,000 after buying an additional 442,473 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in SCANA by 307.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 462,076 shares of the utilities provider’s stock valued at $17,823,000 after buying an additional 348,548 shares in the last quarter. Finally, Howard Capital Management Inc. acquired a new stake in SCANA in the 2nd quarter valued at $10,858,000. 69.82% of the stock is currently owned by institutional investors.

SCANA Company Profile

SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in the United States. The company owns nuclear, coal, hydro, natural gas, oil, biomass, and solar generating facilities. It also purchases, sells, and transports natural gas; and offers energy-related services.

See Also: What are Closed-End Mutual Funds?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for SCANA (NYSE:SCG)

Receive News & Ratings for SCANA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SCANA and related companies with MarketBeat.com's FREE daily email newsletter.