Somewhat Favorable News Coverage Somewhat Unlikely to Impact SCANA (SCG) Share Price
Media headlines about SCANA (NYSE:SCG) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. 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 news impact score of 0.14 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 45.2500003193429 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- SCANA deal should encourage extension of the Atlantic Coast Pipeline into South Carolina – Charlotte Business Journal (bizjournals.com)
- SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of SCANA Corporation – SCG (finance.yahoo.com)
- XLU: Movers and Shakers in Utilities Last Week (finance.yahoo.com)
- SCANA Co. to Post FY2017 Earnings of $4.25 Per Share, Gabelli Forecasts (SCG) (americanbankingnews.com)
Shares of SCANA (NYSE SCG) traded down $0.72 during trading on Tuesday, reaching $44.80. 2,255,677 shares of the company’s stock traded hands, compared to its average volume of 3,540,000. The company has a market cap of $6,400.00, a price-to-earnings ratio of 14.18, a PEG ratio of 4.13 and a beta of 0.20. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.88 and a quick ratio of 0.77. SCANA has a 12-month low of $37.10 and a 12-month high of $72.89.
SCANA (NYSE:SCG) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by ($0.01). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.17 billion. SCANA had a net margin of 10.45% and a return on equity of 10.05%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.32 EPS. sell-side analysts forecast that SCANA will post 4.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th were issued a $0.6125 dividend. This represents a $2.45 annualized dividend and a yield of 5.47%. The ex-dividend date was Monday, December 11th. SCANA’s dividend payout ratio (DPR) is presently 77.53%.
A number of brokerages have recently weighed in on SCG. Williams Capital cut shares of SCANA from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $80.00 to $70.00 in a research note on Monday, September 18th. Zacks Investment Research upgraded shares of SCANA from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Morgan Stanley reiterated an “underweight” rating and set a $45.00 target price on shares of SCANA in a research note on Wednesday, October 4th. Bank of America started coverage on shares of SCANA in a research note on Tuesday, October 24th. They set a “neutral” rating and a $49.00 target price for the company. Finally, TheStreet cut shares of SCANA from a “b-” rating to a “c+” rating in a research note on Monday, October 23rd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $60.28.
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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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