Scana Corporation (NYSE:SCG) was upgraded by investment analysts at Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating in a research report issued on Thursday, The Fly reports.
Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Scana Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Barclays PLC reissued an “equal weight” rating and issued a $67.00 price objective (down from $70.00) on shares of Scana Corporation in a report on Sunday, April 23rd. BidaskClub lowered Scana Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Mizuho reissued an “underperform” rating and issued a $63.00 price objective on shares of Scana Corporation in a report on Friday, July 7th. Finally, Morgan Stanley decreased their price objective on Scana Corporation from $70.00 to $67.00 and set an “underweight” rating for the company in a report on Tuesday, July 11th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Scana Corporation currently has an average rating of “Hold” and a consensus price target of $72.14.
Scana Corporation (NYSE SCG) traded up 0.65% during trading on Thursday, reaching $64.72. The company had a trading volume of 507,763 shares. The company has a market capitalization of $9.25 billion, a P/E ratio of 15.69 and a beta of 0.26. The firm’s 50 day moving average is $67.53 and its 200-day moving average is $67.77. Scana Corporation has a 12 month low of $63.18 and a 12 month high of $75.92.
Scana Corporation (NYSE:SCG) last released its quarterly earnings results on Thursday, April 27th. The utilities provider reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by $0.18. Scana Corporation had a return on equity of 10.35% and a net margin of 13.93%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm posted $1.23 EPS. The company’s revenue was up .1% compared to the same quarter last year. On average, equities analysts expect that Scana Corporation will post $4.19 earnings per share for the current year.
In other Scana Corporation news, VP Martin K. Phalen sold 42,023 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $65.49, for a total value of $2,752,086.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.37% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. BB&T Corp increased its stake in Scana Corporation by 14.7% in the second quarter. BB&T Corp now owns 21,227 shares of the utilities provider’s stock worth $1,422,000 after buying an additional 2,722 shares during the period. Aperio Group LLC increased its stake in Scana Corporation by 15.3% in the second quarter. Aperio Group LLC now owns 65,996 shares of the utilities provider’s stock worth $4,422,000 after buying an additional 8,743 shares during the period. Louisiana State Employees Retirement System increased its stake in Scana Corporation by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the utilities provider’s stock worth $596,000 after buying an additional 100 shares during the period. Jolley Asset Management LLC increased its stake in Scana Corporation by 25.1% in the second quarter. Jolley Asset Management LLC now owns 1,995 shares of the utilities provider’s stock worth $134,000 after buying an additional 400 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in Scana Corporation by 51.0% in the second quarter. Nisa Investment Advisors LLC now owns 7,400 shares of the utilities provider’s stock worth $496,000 after buying an additional 2,500 shares during the period. Hedge funds and other institutional investors own 68.03% 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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