SCANA (SCG) Downgraded by Guggenheim to “Neutral”

Guggenheim downgraded shares of SCANA (NYSE:SCG) from a buy rating to a neutral rating in a research report report published on Monday morning, Marketbeat.com reports. They currently have $51.00 target price on the utilities provider’s stock, up from their previous target price of $49.00.

Other research analysts have also issued research reports about the stock. Mizuho raised shares of SCANA from a neutral rating to a buy rating in a research report on Tuesday, October 9th. Williams Capital upgraded shares of SCANA from a sell rating to a hold rating and boosted their price objective for the stock from $30.00 to $49.00 in a report on Monday, November 26th. ValuEngine upgraded shares of SCANA from a sell rating to a hold rating in a report on Tuesday, November 20th. Zacks Investment Research upgraded shares of SCANA from a sell rating to a hold rating in a report on Tuesday, August 28th. Finally, UBS Group upgraded shares of SCANA from a sell rating to a neutral rating in a report on Friday, September 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $46.25.

SCANA stock opened at $48.93 on Monday. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 7.71 and a beta of 0.08. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.22 and a quick ratio of 0.97. SCANA has a fifty-two week low of $33.61 and a fifty-two week high of $51.27.

SCANA (NYSE:SCG) last released its earnings results on Thursday, October 25th. The utilities provider reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.20. The firm had revenue of $926.00 million during the quarter. SCANA had a negative net margin of 4.89% and a positive return on equity of 10.04%. Equities analysts forecast that SCANA will post 2.64 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 10th will be issued a dividend of $0.1237 per share. The ex-dividend date of this dividend is Friday, December 7th. SCANA’s payout ratio is 11.67%.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of SCANA by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 15,360,813 shares of the utilities provider’s stock worth $597,382,000 after purchasing an additional 428,015 shares during the period. Vanguard Group Inc increased its holdings in shares of SCANA by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 15,360,813 shares of the utilities provider’s stock worth $597,382,000 after purchasing an additional 428,015 shares during the period. BlackRock Inc. increased its stake in SCANA by 3.7% in the second quarter. BlackRock Inc. now owns 12,493,290 shares of the utilities provider’s stock valued at $481,241,000 after acquiring an additional 442,473 shares during the period. Newport Trust Co increased its stake in SCANA by 3.6% in the third quarter. Newport Trust Co now owns 7,065,238 shares of the utilities provider’s stock valued at $274,767,000 after acquiring an additional 248,288 shares during the period. Finally, FMR LLC increased its stake in SCANA by 64.5% in the third quarter. FMR LLC now owns 2,931,009 shares of the utilities provider’s stock valued at $113,987,000 after acquiring an additional 1,148,786 shares during the period. Institutional investors own 68.47% of the company’s stock.

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.

Recommended Story: Systematic Risk

Analyst Recommendations for SCANA (NYSE:SCG)

Receive News & Ratings for SCANA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SCANA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply