Scana Corporation (NYSE:SCG) was upgraded by investment analysts at Edward Jones from a “hold” rating to a “buy” rating in a research report issued on Monday.
Several other equities analysts also recently weighed in on SCG. Morgan Stanley lifted their target price on Scana Corporation from $58.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 10th. Mizuho reiterated an “underperform” rating and set a $59.50 target price (up from $57.00) on shares of Scana Corporation in a research report on Tuesday, August 1st. Barclays PLC upgraded Scana Corporation from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $65.00 to $73.00 in a research report on Tuesday, August 1st. Gabelli downgraded Scana Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Williams Capital downgraded Scana Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 29th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Scana Corporation has an average rating of “Hold” and a consensus price target of $61.44.
Scana Corporation (SCG) opened at $44.50 on Monday. The firm has a market capitalization of $6,340.00, a price-to-earnings ratio of 10.80, a P/E/G ratio of 2.99 and a beta of 0.21. The company has a current ratio of 0.88, a quick ratio of 0.77 and a debt-to-equity ratio of 1.12. Scana Corporation has a 52-week low of $41.15 and a 52-week high of $74.99.
Scana Corporation (NYSE:SCG) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by ($0.01). The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Scana Corporation had a net margin of 10.45% and a return on equity of 10.05%. Scana Corporation’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.32 earnings per share. equities analysts anticipate that Scana Corporation will post 4.19 EPS for the current fiscal year.
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A number of large investors have recently bought and sold shares of the business. Sigma Planning Corp raised its holdings in Scana Corporation by 0.3% during the second quarter. Sigma Planning Corp now owns 3,266 shares of the utilities provider’s stock valued at $219,000 after acquiring an additional 10 shares during the period. ING Groep NV increased its holdings in shares of Scana Corporation by 0.4% in the second quarter. ING Groep NV now owns 7,320 shares of the utilities provider’s stock worth $491,000 after purchasing an additional 26 shares during the last quarter. Gateway Investment Advisers LLC increased its holdings in shares of Scana Corporation by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 9,669 shares of the utilities provider’s stock worth $648,000 after purchasing an additional 28 shares during the last quarter. Polaris Greystone Financial Group LLC increased its holdings in shares of Scana Corporation by 0.8% in the second quarter. Polaris Greystone Financial Group LLC now owns 4,665 shares of the utilities provider’s stock worth $313,000 after purchasing an additional 35 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Scana Corporation by 0.3% in the second quarter. CIBC Asset Management Inc now owns 13,836 shares of the utilities provider’s stock worth $927,000 after purchasing an additional 44 shares during the last quarter. 68.12% of the stock is currently owned by institutional investors and hedge funds.
About Scana Corporation
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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