Scana Corp (NYSE:SCG) Experiences Heavier than Average Trading Volume

Cornelia Mascio
Novembre 18, 2017

SCANA Corp. (NYSE:SCG) reported its EPS in the last quarter as $1.16/Share lagging the analyst estimate of $1.19/Share by a difference of $-0.03. The stock is a Buy among 2 brokerage firms polled by Factset Research. Stratos Wealth Partners LTD.'s holdings in Scana Corporation were worth $916,000 at the end of the most recent quarter.

SCG has been the subject of several recent analyst reports.

Edward Jones upgraded shares of Scana Corporation (NYSE:SCG) from a hold rating to a buy rating in a research note published on Monday, The Fly reports.

Energen Corporation (NYSE:EGN)'s earnings per share has been growing at a -20.8 percent rate over the past 5 year when average revenue increase was noted as -17.2 percent.

The stock has Return on Assets (ROA) of 2.4 percent. Plante Moran Financial Advsrs Ltd Com invested 0.09% of its portfolio in SCANA Corporation (NYSE:SCG). Toronto Dominion Bank now owns 48,327 shares of the utilities provider's stock worth $3,238,000 after buying an additional 9,840 shares in the last quarter. Short shares increased 436,827 over that timeframe. Canada Pension Plan Investment Board now owns 486,538 shares of the utilities provider's stock worth $23,592,000 after acquiring an additional 135,000 shares in the last quarter. Credit Suisse Ag accumulated 191,154 shares or 0.01% of the stock. Alliancebernstein LP has invested 0.01% in SCANA Corporation (NYSE:SCG). If you are accessing this news story on another publication, it was illegally copied and reposted in violation of United States and worldwide trademark & copyright legislation. The correct version of this piece can be accessed at https://weekherald.com/2017/11/17/scana-corporation-scg-earning-somewhat-positive-news-coverage-study-finds.html.

Scana Corporation (SCG) traded up $0.61 during midday trading on Friday, hitting $45.00. SCANA Corporation has 145.06 million shares outstanding, and in the last trade has seen ATR around 1.38. The most current P/E ratio is 14.06 and market cap is 6.34B. Scana Corporation has a 52-week low of $41.15 and a 52-week high of $74.99.

Analysts await SCANA Corporation (NYSE:SCG) to report earnings on February, 15. The utilities provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.01).

SCANA Corporation is an energy-based holding company whose businesses include regulated electric and natural gas utility operations, telecommunications and other non-regulated energy-related businesses. The company's quarterly revenue was down 1.6% compared to the same quarter past year. The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.17 billion.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Tuesday, December 12th will be given a dividend of $0.6125 per share. This represents a $2.45 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date is Monday, December 11th. Scana Corporation's payout ratio is now 77.53%.

Several equities analysts have recently commented on the company.

Equity analyst Williams Capital lowered the price target on September 27 cutting the projection from $70.00 to $50.00 and stated a "Hold" rating. Gabelli lowered Scana Corporation from a "buy" rating to a "hold" rating in a research note on Friday, July 28th. Finally, Zacks Investment Research raised shares of Scana Corporation from a "sell" rating to a "hold" rating in a research note on Wednesday, September 13th. The stock of SCANA Corporation (NYSE:SCG) has "Underweight" rating given on Monday, November 13 by Morgan Stanley. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Mizuho reissued an underperform rating and set a $59.50 target price (up from $57.00) on shares of Scana Corporation in a research report on Tuesday, August 1st. It fall, as 46 investors sold SCANA Corporation shares while 161 reduced holdings. The Company, through its subsidiaries, is involved in the generation, transmission, distribution and sale of electricity in SC. The Company operates through segments, including Electric Operations, Gas Distribution, Gas Marketing and All Other.

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