Scana Corporation (SCG) Given Media Impact Score of 0.17
Media headlines about Scana Corporation (NYSE:SCG) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Scana Corporation earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 45.8513140332826 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- SCE&G withdraws petition to scrap Summer project (world-nuclear-news.org)
- Latest Developments for Southern Company’s Plant Vogtle (finance.yahoo.com)
- SCANA sees little hope for reviving V.C. Summer nuclear project despite partner search (finance.yahoo.com)
- SCANA Corp. – Value Analysis (NYSE:SCG) : August 15, 2017 (finance.yahoo.com)
- SCANA withdraws — for now — petition to abandon $18 billion nuclear project (finance.yahoo.com)
Scana Corporation (SCG) traded up 0.42% on Wednesday, reaching $62.05. The company’s stock had a trading volume of 751,157 shares. Scana Corporation has a 1-year low of $60.00 and a 1-year high of $75.92. The company has a market capitalization of $8.87 billion, a price-to-earnings ratio of 14.64 and a beta of 0.25. The firm’s 50 day moving average price is $64.48 and its 200-day moving average price is $66.77.
Scana Corporation (NYSE:SCG) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $931.67 million. Scana Corporation had a return on equity of 10.50% and a net margin of 13.99%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 EPS. Equities analysts forecast that Scana Corporation will post $4.14 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Monday, September 11th will be paid a dividend of $0.6125 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $2.45 annualized dividend and a yield of 3.95%. Scana Corporation’s payout ratio is presently 57.68%.
A number of research analysts have weighed in on SCG shares. Mizuho reissued an “underperform” rating and issued a $59.50 target price (up previously from $57.00) on shares of Scana Corporation in a report on Tuesday, August 1st. BidaskClub downgraded Scana Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) raised Scana Corporation from a “sell” rating to a “neutral” rating and lowered their target price for the company from $66.00 to $64.00 in a report on Thursday, July 20th. Gabelli downgraded Scana Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Barclays PLC raised Scana Corporation from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $65.00 to $73.00 in a report on Tuesday, August 1st. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $70.44.
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Scana Corporation Company Profile
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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