Economy

Williams Capital Cuts Rating On SCANA Corporation (SCG) To "Hold"

The Company's assets are located within the Anadarko and Arkoma basins of Texas and Oklahoma. It owns leasehold interests in oil and natural gas producing properties, as well as in undeveloped acreage, located in the Anadarko and Arkoma basins in Texas and Oklahoma. This represents a $2.45 annualized dividend and a dividend yield of 4.09%. Therefore 13% are positive. Scana Corporation has a one year low of $58.55 and a one year high of $75.92. SCANA had 19 analyst reports since August 15, 2015 according to SRatingsIntel. Finally, Morgan Stanley lifted their price objective 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. The rating was maintained by Mizuho on Tuesday, June 14 with "Buy".

Scana Corporation (NYSE:SCG) last issued its quarterly earnings data on Thursday, August 3rd. The rating was downgraded by Mizuho on Tuesday, February 14 to "Neutral". Guggenheim downgraded shares of Scana Corporation from a "buy" rating to a "sell" rating in a report on Friday, July 28th. Mizuho reaffirmed an "underperform" rating and set a $59.50 price objective (up from $57.00) on shares of Scana Corporation in a report on Tuesday, August 1st. Its up 0.02, from 1.06 in 2016Q3. With short interest at 3,588,508 and short average daily volume at 1,161,112, days to cover is 3.0 and the percentage of shorted shares was 0.03% on August 31. Callahan Advisors Ltd Liability Corp owns 59,332 shares. It has underperformed by 0.21% the S&P500.

Several analysts recently issued reports on the company. As of the last earnings report the EPS was $4.24 and is projected to be $4.19 for the current year with 142,916,000 shares now outstanding. Analysts expect next quarter's EPS will be $0.93 with next year's EPS projected to be $4.25. Jvl Advisors L.L.C. owns 16.09 million shares or 15.31% of their United States portfolio. Catawba Capital Mngmt Va invested in 0.07% or 3,884 shares. BlackRock Inc. now owns 12,263,023 shares of the utilities provider's stock worth $801,389,000 after acquiring an additional 11,927,826 shares during the period. Da Davidson & holds 0% of its portfolio in SCANA Corporation (NYSE:SCG) for 1,368 shares. The utilities provider reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.11. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.74 by $0.11.

SCANA Corporation, launched on October 1, 1984, is a holding company. The company has market cap of $8.55 billion. The Company, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in SC. It has a 14.11 P/E ratio. The Company operates through segments, including Electric Operations, Gas Distribution, Gas Marketing and All Other.

Investors sentiment increased to 1.08 in Q4 2016. Ameriprise Financial Inc. grew its position in shares of Scana Corporation by 5.1% during the 2nd quarter. Caisse De Depot Et Placement Du Quebec has 189,074 shares. California Employees Retirement invested 0.04% of its portfolio in SCANA Corporation (NYSE:SCG). Centurylink Investment Management holds 0.55% or 21,840 shares in its portfolio. X Management Ltd Liability Corporation reported 4,092 shares stake. Banced Corp holds 7,619 shares. Old Republic stated it has 213,800 shares or 0.56% of all its holdings. Arizona State Retirement Sys accumulated 46,575 shares or 0.05% of the stock. Moreover, Dimensional Fund L P has 0.01% invested in SCANA Corporation (NYSE:SCG) for 299,685 shares. Blue Bell Private Wealth Management Llc, a Pennsylvania-based fund reported 3,660 shares. Zacks Investment Research upgraded Scana Corporation from a "sell" rating to a "hold" rating in a report on Wednesday. Gateway Investment Advisers Ltd Llc has 10,793 shares. Credit Agricole S A accumulated 51,667 shares or 0.01% of the stock. Amalgamated Bank grew its position in shares of Scana Corporation by 60.1% during the 2nd quarter. It has underperformed by 20.83% the S&P500.The move comes after 8 months negative chart setup for the $8.35 billion company.

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