SCANA (NYSE:SCG)‘s stock had its “outperform” rating reaffirmed by equities researchers at Wolfe Research in a report issued on Thursday.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of SCANA from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Wednesday, May 30th. Mizuho raised shares of SCANA from a “neutral” rating to a “buy” rating in a research report on Friday, June 29th. Finally, UBS Group cut their price objective on shares of SCANA from $36.00 to $35.00 and set a “sell” rating for the company in a research report on Friday, August 10th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $40.79.

Shares of SCG stock traded up $0.60 on Thursday, hitting $37.23. The company’s stock had a trading volume of 17,565 shares, compared to its average volume of 1,066,828. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.61 and a current ratio of 0.76. SCANA has a fifty-two week low of $33.61 and a fifty-two week high of $55.25. The company has a market capitalization of $5.03 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 3.12 and a beta of 0.10.

SCANA (NYSE:SCG) last released its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.08. SCANA had a negative net margin of 5.50% and a positive return on equity of 10.57%. The business had revenue of $843.00 million for the quarter, compared to the consensus estimate of $858.45 million. During the same period in the prior year, the company posted $0.85 earnings per share. SCANA’s revenue was down 15.8% compared to the same quarter last year. analysts forecast that SCANA will post 3.23 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of SCG. US Bancorp DE lifted its holdings in shares of SCANA by 15.5% in the first quarter. US Bancorp DE now owns 18,132 shares of the utilities provider’s stock worth $681,000 after acquiring an additional 2,432 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of SCANA by 24.9% in the first quarter. Private Advisor Group LLC now owns 9,984 shares of the utilities provider’s stock worth $375,000 after acquiring an additional 1,988 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of SCANA by 110.6% in the first quarter. IFP Advisors Inc now owns 15,993 shares of the utilities provider’s stock worth $601,000 after acquiring an additional 8,398 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of SCANA by 99.7% in the first quarter. Gamco Investors INC. ET AL now owns 15,820 shares of the utilities provider’s stock worth $594,000 after acquiring an additional 7,900 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of SCANA by 226.2% in the first quarter. Toronto Dominion Bank now owns 199,099 shares of the utilities provider’s stock worth $7,476,000 after acquiring an additional 138,069 shares during the last quarter. 69.84% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for SCANA (NYSE:SCG)

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