Somewhat Positive Media Coverage Somewhat Unlikely to Affect SCANA (SCG) Stock Price
Media coverage about SCANA (NYSE:SCG) has been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SCANA earned a news impact score of 0.23 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 45.6096620115526 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s rankings:
- ETFs with exposure to SCANA Corp. : December 12, 2017 (finance.yahoo.com)
- SCANA Offers VC Summer Site to Santee Cooper: Stock Falls 6% (finance.yahoo.com)
- Public Service Commission of South Carolina to Live Stream Hearing Today (finance.yahoo.com)
- SCANA Corp. breached its 50 day moving average in a Bullish Manner : SCG-US : December 11, 2017 (finance.yahoo.com)
- [$$] Scana Offers Abandoned S.C. Nuclear Site to State-Owned Utility (finance.yahoo.com)
Shares of SCANA (SCG) traded up $0.41 during trading hours on Tuesday, hitting $42.79. The company had a trading volume of 2,982,553 shares, compared to its average volume of 1,419,857. The company has a market cap of $6,528.97, a P/E ratio of 11.25, a PEG ratio of 3.14 and a beta of 0.20. The company has a current ratio of 0.88, a quick ratio of 0.77 and a debt-to-equity ratio of 1.12. SCANA has a 52 week low of $41.15 and a 52 week high of $74.99.
SCANA (NYSE:SCG) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.17 by ($0.01). The company had revenue of $1.08 billion for 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 revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.32 earnings per share. research analysts predict that SCANA will post 4.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Tuesday, December 12th will be paid a dividend of $0.6125 per share. The ex-dividend date is Monday, December 11th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 5.73%. SCANA’s dividend payout ratio (DPR) is presently 77.78%.
SCG has been the subject of a number of recent analyst reports. Edward Jones raised SCANA from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. Mizuho raised shares of SCANA from an “underperform” rating to a “neutral” rating and set a $58.50 price target for the company in a research report on Monday, August 28th. Zacks Investment Research raised shares of SCANA from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. ValuEngine raised shares of SCANA from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $45.00 price target on shares of SCANA in a research report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $61.44.
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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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