Scana Corporation (NYSE:SCG) – Research analysts at Williams Capital issued their FY2019 earnings estimates for Scana Corporation in a note issued to investors on Monday. Williams Capital analyst C. Ellinghaus forecasts that the utilities provider will post earnings of $4.79 per share for the year. Williams Capital currently has a “Hold” rating and a $70.00 price objective on the stock.
Scana Corporation (NYSE:SCG) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $931.67 million. Scana Corporation had a net margin of 13.99% and a return on equity of 10.50%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 earnings per share.
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A number of other equities analysts also recently weighed in on SCG. Morgan Stanley boosted their price target on shares of Scana Corporation from $58.00 to $59.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. BidaskClub downgraded shares of Scana Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Mizuho reissued an “underperform” rating and issued a $59.50 price target (up from $57.00) on shares of Scana Corporation in a report on Tuesday, August 1st. Zacks Investment Research raised shares of Scana Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Barclays PLC raised shares of Scana Corporation from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $65.00 to $73.00 in a report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Scana Corporation presently has a consensus rating of “Hold” and a consensus target price of $70.28.
Shares of Scana Corporation (NYSE SCG) traded down 2.52% during trading on Wednesday, hitting $55.74. 607,566 shares of the stock traded hands. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of 13.16 and a beta of 0.27. The stock has a 50 day moving average price of $61.10 and a 200-day moving average price of $65.28. Scana Corporation has a 1-year low of $55.74 and a 1-year high of $75.92.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Monday, September 11th will be paid a $0.6125 dividend. This represents a $2.45 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Friday, September 8th. Scana Corporation’s dividend payout ratio is currently 57.92%.
Institutional investors have recently made changes to their positions in the stock. WFG Advisors LP raised its stake in Scana Corporation by 60.6% in the 2nd quarter. WFG Advisors LP now owns 1,747 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 659 shares during the period. Jolley Asset Management LLC raised its stake in Scana Corporation by 25.1% in the 2nd quarter. Jolley Asset Management LLC now owns 1,995 shares of the utilities provider’s stock valued at $134,000 after acquiring an additional 400 shares during the period. Parallel Advisors LLC raised its stake in Scana Corporation by 0.6% in the 1st quarter. Parallel Advisors LLC now owns 2,235 shares of the utilities provider’s stock valued at $145,000 after acquiring an additional 13 shares during the period. Pacer Advisors Inc. raised its stake in Scana Corporation by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 2,438 shares of the utilities provider’s stock valued at $159,000 after acquiring an additional 77 shares during the period. Finally, Fiduciary Trust Co. bought a new stake in Scana Corporation in the 2nd quarter valued at about $164,000. Institutional investors and hedge funds own 66.66% of the company’s stock.
Scana Corporation Company Profile
SCANA Corporation is a holding company. The Company, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina. The Company operates through segments, including Electric Operations, Gas Distribution, Gas Marketing and All Other. The Company is engaged in the purchase, transmission and sale of natural gas in North Carolina and South Carolina.
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