Mizuho reissued their hold rating on shares of SCANA (NYSE:SCG) in a research note released on Thursday. The firm currently has a $46.50 price target on the utilities provider’s stock.

SCG has been the topic of several other research reports. Edward Jones raised SCANA from a hold rating to a buy rating in a research report on Monday, November 13th. Wells Fargo & Co downgraded SCANA from an outperform rating to a market perform rating and set a $51.00 price objective on the stock. in a research report on Friday, January 5th. Morgan Stanley reaffirmed an underweight rating and issued a $45.00 price objective on shares of SCANA in a research report on Wednesday, October 4th. ValuEngine raised SCANA from a hold rating to a buy rating in a research report on Friday, December 1st. Finally, Bank of America started coverage on SCANA in a research report on Tuesday, October 24th. They issued a neutral rating and a $49.00 price objective on the stock. Four analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. SCANA presently has an average rating of Hold and a consensus price target of $58.94.

SCANA (NYSE SCG) traded down $0.46 during trading hours on Thursday, reaching $44.05. The company had a trading volume of 1,622,130 shares, compared to its average volume of 3,540,000. SCANA has a one year low of $37.10 and a one year high of $72.89. The stock has a market cap of $6,300.00, a price-to-earnings ratio of 13.94, a PEG ratio of 4.04 and a beta of 0.20. The company has a quick ratio of 0.77, a current ratio of 0.88 and a debt-to-equity ratio of 1.12.

SCANA (NYSE:SCG) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by ($0.01). SCANA had a net margin of 10.45% and a return on equity of 10.05%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company posted $1.32 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. analysts anticipate that SCANA will post 4.18 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th were given a $0.6125 dividend. This represents a $2.45 annualized dividend and a yield of 5.56%. The ex-dividend date was Monday, December 11th. SCANA’s dividend payout ratio (DPR) is presently 77.53%.

Several institutional investors and hedge funds have recently bought and sold shares of SCG. Thompson Siegel & Walmsley LLC grew its position in shares of SCANA by 139.2% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,682,139 shares of the utilities provider’s stock worth $130,057,000 after buying an additional 1,560,863 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of SCANA by 6,220.2% during the 2nd quarter. Janus Henderson Group PLC now owns 1,250,396 shares of the utilities provider’s stock worth $83,789,000 after buying an additional 1,230,612 shares in the last quarter. Nordea Investment Management AB grew its position in shares of SCANA by 1,365.8% during the 2nd quarter. Nordea Investment Management AB now owns 1,100,102 shares of the utilities provider’s stock worth $73,718,000 after buying an additional 1,025,052 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of SCANA by 67.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,170,207 shares of the utilities provider’s stock worth $105,234,000 after buying an additional 875,095 shares in the last quarter. Finally, Balyasny Asset Management LLC grew its position in shares of SCANA by 273.6% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,065,817 shares of the utilities provider’s stock worth $71,420,000 after buying an additional 780,564 shares in the last quarter. 66.51% of the stock is currently owned by institutional investors and hedge funds.

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SCANA 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.

Analyst Recommendations for SCANA (NYSE:SCG)

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