Traders sold shares of Scana Corporation (NYSE:SCG) on strength during trading on Tuesday. $62.08 million flowed into the stock on the tick-up and $94.34 million flowed out of the stock on the tick-down, for a money net flow of $32.26 million out of the stock. Of all companies tracked, Scana Corporation had the 0th highest net out-flow for the day. Scana Corporation traded up $3.19 for the day and closed at $67.56
A number of equities analysts have recently issued reports on SCG shares. Zacks Investment Research downgraded Scana Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) raised Scana Corporation from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $66.00 to $64.00 in a research report on Thursday, July 20th. Mizuho reaffirmed an “underperform” rating and set a $63.00 price target on shares of Scana Corporation in a research report on Friday, July 7th. BidaskClub raised Scana Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Guggenheim downgraded Scana Corporation from a “buy” rating to a “sell” rating in a research report on Friday, July 28th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $70.44.
The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 14.36 and a beta of 0.25. The stock has a 50 day moving average of $64.08 and a 200-day moving average of $66.68.
Scana Corporation (NYSE:SCG) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $931.67 million. Scana Corporation had a net margin of 13.99% and a return on equity of 10.50%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 earnings per share. On average, equities research analysts predict that Scana Corporation will post $4.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Monday, September 11th will be issued a dividend of $0.6125 per share. This represents a $2.45 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Friday, September 8th. Scana Corporation’s dividend payout ratio is currently 57.68%.
A number of hedge funds have recently added to or reduced their stakes in SCG. Massmutual Trust Co. FSB ADV bought a new stake in Scana Corporation during the first quarter worth approximately $112,000. WFG Advisors LP increased its stake in Scana Corporation by 60.6% in the second quarter. WFG Advisors LP now owns 1,747 shares of the utilities provider’s stock worth $117,000 after buying an additional 659 shares in the last quarter. Jolley Asset Management LLC increased its stake in Scana Corporation by 25.1% in the second quarter. Jolley Asset Management LLC now owns 1,995 shares of the utilities provider’s stock worth $134,000 after buying an additional 400 shares in the last quarter. Parallel Advisors LLC increased its stake in Scana Corporation by 0.6% in the first quarter. Parallel Advisors LLC now owns 2,235 shares of the utilities provider’s stock worth $145,000 after buying an additional 13 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Scana Corporation by 3.3% in the first quarter. Pacer Advisors Inc. now owns 2,438 shares of the utilities provider’s stock worth $159,000 after buying an additional 77 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.
Scana Corporation Company Profile
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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