Analysts’ Weekly Ratings Changes for Scana Corporation (SCG)

Scana Corporation (NYSE: SCG) recently received a number of ratings updates from brokerages and research firms:

  • 8/10/2017 – Scana Corporation had its price target raised by analysts at Morgan Stanley from $58.00 to $59.00. They now have an “underweight” rating on the stock.
  • 8/1/2017 – Scana Corporation was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $73.00 price target on the stock, up previously from $65.00.
  • 8/1/2017 – Scana Corporation had its “underperform” rating reaffirmed by analysts at Mizuho. They now have a $59.50 price target on the stock, up previously from $57.00.
  • 7/28/2017 – Scana Corporation was downgraded by analysts at Gabelli from a “buy” rating to a “hold” rating.
  • 7/28/2017 – Scana Corporation was downgraded by analysts at Guggenheim from a “buy” rating to a “sell” rating.
  • 7/24/2017 – Scana Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/20/2017 – Scana Corporation was upgraded by analysts at Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating. They now have a $64.00 price target on the stock, down previously from $66.00.
  • 7/12/2017 – Scana Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “SCANA Corp.’s price chart has underperformed the Zacks categorised sub industry Utility-Electric power Market over the last three month.  Construction costs and delays could impact the timing of rate base growth, earnings, cash flow and the quality of the balance sheet.  Additionally, Westinghouse Electric Co., which is presently constructing a nuclear plant for SCANA, has filed for bankruptcy. Although Westinghouse is anticipated to finish the construction of nuclear reactors, the possibility of its bankruptcy has raised questions about SCANA’s likelihood of abandoning the nuclear plant. Moreover, SCANA’s high debt and its  sensitivity to changes in coal, gas, oil and other commodity prices pose as risks.”
  • 7/12/2017 – Scana Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/11/2017 – Scana Corporation had its price target lowered by analysts at Morgan Stanley from $70.00 to $67.00. They now have an “underweight” rating on the stock.
  • 7/7/2017 – Scana Corporation had its “underperform” rating reaffirmed by analysts at Mizuho. They now have a $63.00 price target on the stock.
  • 7/3/2017 – Scana Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/27/2017 – Scana Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/20/2017 – Scana Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of Scana Corporation (NYSE SCG) opened at 62.01 on Friday. The company has a market capitalization of $8.86 billion, a PE ratio of 14.64 and a beta of 0.25. Scana Corporation has a 52 week low of $60.00 and a 52 week high of $75.92. The company has a 50-day moving average price of $65.37 and a 200-day moving average price of $67.01.

Scana Corporation (NYSE:SCG) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $931.67 million. Scana Corporation had a return on equity of 10.50% and a net margin of 13.99%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $0.74 earnings per share. Analysts predict that Scana Corporation will post $4.14 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Monday, September 11th will be given a $0.6125 dividend. The ex-dividend date is Friday, September 8th. This represents a $2.45 annualized dividend and a yield of 3.95%. Scana Corporation’s payout ratio is 57.68%.

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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