Economy

Scana Corporation (NYSE:SCG) Under Analyst Spotlight

Mizuho maintained SCANA Corporation (NYSE:SCG) on Friday, July 7 with "Underperform" rating. Artisan Partners Limited Partnership now owns 1,794,850 shares of the utilities provider's stock valued at $120,273,000 after acquiring an additional 389,431 shares during the last quarter. Moreover, San Francisco Sentry Group (Ca) has 0.01% invested in SCANA Corporation (NYSE:SCG) for 252 shares.

Other research analysts have also recently issued reports about the stock. BlackRock Inc. increased its position in shares of Scana Corporation by 3,558.5% during the first quarter. HighTower Advisors LLC increased its position in shares of Scana Corporation by 5.5% during the second quarter. They expect $-0.61 earnings per share, down 182.43% or $1.35 from last year's $0.74 per share. Janus Henderson Group PLC lifted its position in Scana Corporation by 6,220.2% in the second quarter. Parallel Advisors LLC now owns 2,235 shares of the utilities provider's stock worth $145,000 after buying an additional 13 shares during the last quarter. Squarepoint Ops LLC augmented its position by buying 24,753 shares an increase of 28.9% in the quarter. LSV Asset Management now owns 1,241,196 shares of the utilities provider's stock worth $83,172,000 after purchasing an additional 1,108,296 shares during the period.

The company now has an insider ownership of 8.25 Percent and Institutional ownership of 69.1 Percent. Lvm Capital Management Ltd sold 152,135 shares as Scana (SCG)'s stock declined 0.18%. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and global trademark & copyright legislation.

Company shares are trading at $48.00 much lower than $58.39, the stock's 50 day moving average and which is well below the 200 day moving average of $64.32.

Scana Corporation (NYSE:SCG) traded down 0.68% on Monday, reaching $48.25. The portion of a company's profit allocated to each outstanding share of common stock was $1.06 a share in the trailing twelve months.

The P/E ratio is 11.40 and market cap is 6.90B. The first trade took place at $48.46 and the stock went up 0.19% to attain the closing price of $48.58.

08/01/2017 - Scana Corporation was upgraded to "overweight" by analysts at Barclays. The utilities provider reported $0.85 EPS for the quarter, beating the Zacks' consensus estimate of $0.74 by $0.11. The company has market cap of $1.57 billion. The company now has a Return on Equity (ROE) of -10.8 and a Return on Investment (ROI) of 0.4. The firm's quarterly revenue was up.1% compared to the same quarter past year. The hedge fund run by David Goel held 3.53 million shares of the technology company at the end of 2017Q2, valued at $134.95 million, up from 1.40 million at the end of the previous reported quarter. SCANA Corporation (SCG) has made its way to a 12-month decline of -32.87%.

The firm also recently announced a quarterly dividend, which was paid on Sunday, October 1st. The dividend was $0.613 per share for the quarter or $2.45 annualized. The stock has "Buy" rating by Needham on Friday, September 15.

Average true range (ATR-14) of the company sets at 1.44, along with its weekly and monthly volatility of 4.26% and 2.38% respectively. The company has a payout ratio of 55.10%. On September 18 the company was downgraded to "Hold" from " by analysts at Williams Capital. (The) upgraded Scana Corporation from a "sell" rating to a "neutral" rating and dropped their price target for the stock from $66.00 to $64.00 in a research note on Thursday, July 20th.

SCANA Corporation's beta is at 0.28 so it is less volatile than the market as a whole that has a beta of 1.

On September 29 the company was downgraded from "Hold" to "Sell" by Williams Capital. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock.

August 10 investment analysts at Morgan Stanley held the stock rating at "Underweight" and lowered the price expectation from $63.00 to $59.00. SCANA's subsidiaries serve electric customers in South Carolina, North Carolina and Georgia. The company operates in the Utilities sector with a market capitalization of 7.3 Million.



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