News headlines about SCANA (NYSE:SCG) have been trending somewhat positive on Sunday, Accern reports. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. SCANA earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 46.4480469798975 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s analysis:
- Bank of America Begins Coverage on SCANA (SCG) (americanbankingnews.com)
- SCANA (SCG) Downgraded by TheStreet (americanbankingnews.com)
- SCANA Remains A Speculative Opportunity (seekingalpha.com)
- Research Analysts Set Expectations for SCANA’s FY2018 Earnings (SCG) (americanbankingnews.com)
- AUIDO: SC Senate reviewing resolution lowering SCANA rate charges (wrhi.com)
SCG has been the topic of several recent research reports. Zacks Investment Research raised shares of SCANA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Wells Fargo downgraded shares of SCANA from an “outperform” rating to a “market perform” rating and set a $51.00 target price on the stock. in a research note on Friday, January 5th. UBS initiated coverage on shares of SCANA in a research note on Friday, February 2nd. They set a “sell” rating and a $38.00 target price on the stock. ValuEngine downgraded shares of SCANA from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Mizuho reaffirmed a “hold” rating and set a $46.50 target price on shares of SCANA in a research note on Thursday, January 11th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $50.69.
SCANA (NYSE:SCG) last announced its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.03. SCANA had a negative net margin of 2.70% and a positive return on equity of 10.61%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $0.87 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. research analysts forecast that SCANA will post 2.86 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, April 1st. Shareholders of record on Monday, March 12th were given a $0.6125 dividend. This represents a $2.45 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date of this dividend was Friday, March 9th. SCANA’s dividend payout ratio is presently 58.33%.
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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