Scana Corporation (SCG) Stock Rating Upgraded by Guggenheim

Guggenheim upgraded shares of Scana Corporation (NYSE:SCG) from a sell rating to a neutral rating in a research note published on Thursday morning, MarketBeat reports. The analysts noted that the move was a valuation call.

Several other equities research analysts have also issued reports on SCG. Goldman Sachs Group, Inc. (The) raised shares of Scana Corporation from a sell rating to a neutral rating and reduced their price objective for the company from $66.00 to $64.00 in a research note on Thursday, July 20th. BidaskClub raised shares of Scana Corporation from a strong sell rating to a sell rating in a research note on Monday, July 24th. Gabelli lowered shares of Scana Corporation from a buy rating to a hold rating in a research note on Friday, July 28th. Barclays PLC raised shares of Scana Corporation from an equal weight rating to an overweight rating and lifted their price objective for the company from $65.00 to $73.00 in a research note on Tuesday, August 1st. Finally, Mizuho reaffirmed an underperform rating and issued a $59.50 price objective (up previously from $57.00) on shares of Scana Corporation in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $61.44.

Shares of Scana Corporation (NYSE:SCG) opened at $43.45 on Thursday. The stock has a market cap of $6,196.68, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 2.98 and a beta of 0.21. Scana Corporation has a 52 week low of $41.15 and a 52 week high of $74.99. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.77 and a current ratio of 0.88.

Scana Corporation (NYSE:SCG) last issued its earnings results on Thursday, October 26th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). Scana Corporation had a net margin of 10.45% and a return on equity of 10.05%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the business earned $1.32 EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. equities research analysts expect that Scana Corporation will post 4.17 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Tuesday, December 12th will be paid a $0.6125 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $2.45 dividend on an annualized basis and a yield of 5.64%. Scana Corporation’s payout ratio is currently 77.78%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sigma Planning Corp increased its stake in Scana Corporation by 0.3% in 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 boosted its position in Scana Corporation by 0.4% in the second quarter. ING Groep NV now owns 7,320 shares of the utilities provider’s stock valued at $491,000 after buying an additional 26 shares in the last quarter. Gateway Investment Advisers LLC boosted its position in Scana Corporation by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 9,669 shares of the utilities provider’s stock valued at $648,000 after buying an additional 28 shares in the last quarter. Polaris Greystone Financial Group LLC boosted its position in 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 valued at $313,000 after buying an additional 35 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in Scana Corporation by 0.3% in the second quarter. CIBC Asset Management Inc now owns 13,836 shares of the utilities provider’s stock valued at $927,000 after buying an additional 44 shares in the last quarter. 68.73% 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.

Analyst Recommendations for Scana Corporation (NYSE:SCG)

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