Shares of SCANA (NYSE:SCG) have received a consensus rating of “Hold” from the fifteen research firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $50.79.
A number of research firms recently weighed in on SCG. ValuEngine lowered shares of SCANA from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Mizuho reissued a “hold” rating and issued a $35.50 target price on shares of SCANA in a report on Monday, April 2nd. Zacks Investment Research lowered shares of SCANA from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 2nd. UBS began coverage on shares of SCANA in a report on Friday, February 2nd. They issued a “sell” rating and a $38.00 target price for the company. Finally, Wells Fargo lowered shares of SCANA from an “outperform” rating to a “market perform” rating and set a $51.00 target price for the company. in a report on Friday, January 5th.
SCG stock opened at $37.47 on Wednesday. SCANA has a fifty-two week low of $34.76 and a fifty-two week high of $71.28. The company has a quick ratio of 0.73, a current ratio of 0.88 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $5,518.68, a P/E ratio of 8.92, a price-to-earnings-growth ratio of 3.86 and a beta of 0.21.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, April 1st. Shareholders of record on Monday, March 12th were paid a dividend of $0.6125 per share. This represents a $2.45 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend was Friday, March 9th. SCANA’s payout ratio is 58.33%.
A number of hedge funds and other institutional investors have recently bought and sold shares of SCG. Nationwide Fund Advisors boosted its stake in SCANA by 86.2% during the third quarter. Nationwide Fund Advisors now owns 193,436 shares of the utilities provider’s stock worth $9,380,000 after buying an additional 89,572 shares during the period. Macquarie Group Ltd. boosted its stake in SCANA by 7.0% during the third quarter. Macquarie Group Ltd. now owns 43,540 shares of the utilities provider’s stock worth $2,112,000 after buying an additional 2,866 shares during the period. Legal & General Group Plc boosted its stake in SCANA by 5.7% during the third quarter. Legal & General Group Plc now owns 1,117,658 shares of the utilities provider’s stock worth $54,199,000 after buying an additional 59,907 shares during the period. JPMorgan Chase & Co. boosted its stake in SCANA by 20.3% during the third quarter. JPMorgan Chase & Co. now owns 153,739 shares of the utilities provider’s stock worth $7,840,000 after buying an additional 25,942 shares during the period. Finally, Cadence Capital Management LLC boosted its stake in SCANA by 50.6% during the third quarter. Cadence Capital Management LLC now owns 9,941 shares of the utilities provider’s stock worth $482,000 after buying an additional 3,341 shares during the period. 70.31% of the stock is owned by institutional investors.
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SCANA Company Profile
SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in the United States. The company owns nuclear, coal, hydro, natural gas, oil, biomass, and solar generating facilities. It also purchases, sells, and transports natural gas; and offers energy-related services.
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