SCANA (SCG) Upgraded by ValuEngine to “Sell”

ValuEngine upgraded shares of SCANA (NYSE:SCG) from a strong sell rating to a sell rating in a report released on Thursday morning.

SCG has been the subject of several other research reports. Mizuho downgraded SCANA from a buy rating to a neutral rating in a research report on Tuesday, August 7th. Wolfe Research reiterated an outperform rating on shares of SCANA in a research report on Thursday, September 27th. Zacks Investment Research downgraded SCANA from a hold rating to a sell rating in a research report on Thursday, August 9th. Finally, UBS Group upgraded SCANA from a sell rating to a neutral rating in a research report on Friday, September 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. SCANA presently has an average rating of Hold and an average target price of $40.08.

SCG traded up $0.60 during trading on Thursday, hitting $40.86. The company’s stock had a trading volume of 20,688 shares, compared to its average volume of 1,492,636. 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 12 month low of $33.61 and a 12 month high of $49.63. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 3.55 and a beta of 0.12.

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

The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Monday, September 10th were given a dividend of $0.1237 per share. The ex-dividend date was Friday, September 7th. This represents a $0.49 dividend on an annualized basis and a dividend yield of 1.21%. SCANA’s payout ratio is currently 11.67%.

Several hedge funds have recently added to or reduced their stakes in the company. Nissay Asset Management Corp Japan ADV increased its holdings in SCANA by 13.4% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 13,772 shares of the utilities provider’s stock valued at $530,000 after purchasing an additional 1,632 shares during the last quarter. WBI Investments Inc. increased its holdings in SCANA by 1,023.7% in the second quarter. WBI Investments Inc. now owns 524,435 shares of the utilities provider’s stock valued at $20,201,000 after purchasing an additional 477,765 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in SCANA by 307.0% in the second quarter. Great West Life Assurance Co. Can now owns 462,076 shares of the utilities provider’s stock valued at $17,823,000 after purchasing an additional 348,548 shares during the last quarter. Gabelli Funds LLC increased its holdings in SCANA by 1.0% in the second quarter. Gabelli Funds LLC now owns 547,500 shares of the utilities provider’s stock valued at $21,090,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Aviva PLC increased its holdings in SCANA by 2.1% in the second quarter. Aviva PLC now owns 69,512 shares of the utilities provider’s stock valued at $2,678,000 after purchasing an additional 1,399 shares during the last quarter. Institutional investors own 69.82% of the company’s stock.

About SCANA

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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