SCANA Co. (SCG) Receives Average Rating of “Hold” from Analysts

SCANA Co. (NYSE:SCG) has earned a consensus rating of “Hold” from the seven analysts that are covering the company. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $71.00.

SCG has been the topic of a number of analyst reports. Zacks Investment Research upgraded SCANA from a “sell” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Thursday, February 9th. Barclays PLC reissued an “equal weight” rating and set a $67.00 target price (down previously from $70.00) on shares of SCANA in a research note on Sunday, April 23rd. Mizuho cut SCANA from a “buy” rating to a “neutral” rating and cut their target price for the stock from $80.00 to $68.00 in a research note on Tuesday, February 14th. Finally, Macquarie cut SCANA from an “outperform” rating to a “neutral” rating and set a $75.00 target price for the company. in a research note on Tuesday, January 24th.

Shares of SCANA (NYSE:SCG) opened at 65.53 on Monday. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 15.89 and a beta of 0.21. SCANA has a 1-year low of $64.20 and a 1-year high of $76.41. The stock has a 50 day moving average of $65.86 and a 200 day moving average of $69.13.

SCANA (NYSE:SCG) last announced its quarterly earnings data on Thursday, April 27th. The utilities provider reported $1.19 EPS for the quarter, missing the Zacks’ consensus estimate of $1.37 by $0.18. SCANA had a return on equity of 10.71% and a net margin of 13.77%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business posted $1.23 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts forecast that SCANA will post $4.21 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, July 1st. Shareholders of record on Monday, June 12th will be paid a dividend of $0.6125 per share. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $2.45 annualized dividend and a yield of 3.77%. SCANA’s dividend payout ratio (DPR) is 57.79%.

In other SCANA news, VP Martin K. Phalen sold 42,023 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $65.49, for a total transaction of $2,752,086.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. CENTRAL TRUST Co boosted its stake in shares of SCANA by 5.5% in the first quarter. CENTRAL TRUST Co now owns 1,534 shares of the utilities provider’s stock worth $100,000 after buying an additional 80 shares during the last quarter. Jolley Asset Management LLC boosted its stake in shares of SCANA by 3.2% in the first quarter. Jolley Asset Management LLC now owns 1,595 shares of the utilities provider’s stock worth $104,000 after buying an additional 50 shares during the last quarter. Massmutual Trust Co. FSB ADV purchased a new stake in shares of SCANA during the first quarter worth $112,000. Sowell Financial Services LLC purchased a new stake in shares of SCANA during the fourth quarter worth $120,000. Finally, Cribstone Capital Management LLC boosted its stake in shares of SCANA by 113.7% in the first quarter. Cribstone Capital Management LLC now owns 1,842 shares of the utilities provider’s stock worth $120,000 after buying an additional 980 shares during the last quarter. 65.18% of the stock is owned by institutional investors and hedge funds.

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SCANA 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.

12 Month Chart for NYSE:SCG

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