SCANA Corporation (SCG) - Morgan Stanley Maintains Rating And Updates Price Target

Judith Bessette
Agosto 12, 2017

Vanguard Group Inc. raised its stake in Scana Corporation by 3.7% in the first quarter. Focused Wealth Management Inc now owns 3,182 shares of the utilities provider's stock worth $208,000 after buying an additional 12 shares during the last quarter. Cleararc Capital Inc. increased its position in Scana Corporation by 1.2% in the first quarter. The firm owned 26,767 shares of the utilities provider's stock after selling 149 shares during the period. Parallel Advisors LLC increased its position in Scana Corporation by 0.6% in the first quarter. Cleararc Capital Inc. now owns 3,497 shares of the utilities provider's stock worth $229,000 after buying an additional 42 shares during the last quarter. Somerset Trust Co raised its stake in Scana Corporation by 1.9% in the first quarter. The fund owned 1,651,461 shares of the utilities provider's stock after buying an additional 852,243 shares during the period. Jolley Asset Management LLC raised its stake in Scana Corporation by 3.2% in the first quarter. Hedge funds and other institutional investors own 67.56% of the company's stock.

Strs Ohio holds 0.01% of its portfolio in SCANA Corporation (NYSE:SCG) for 22,659 shares. 984,623 shares of the company's stock traded hands. The stock has a 50 day moving average of $65.37 and a 200-day moving average of $67.01. The company has a market capitalization of $8.83 billion, a P/E ratio of 14.59 and a beta of 0.25.

Scana Corporation (NYSE:SCG) updated its FY17 earnings guidance on Monday. In the last earnings report the EPS was $4.12 and is projected to be $4.14 for the current year with 142,916,000 shares now outstanding.

Analysts are also projecting an Average Revenue Estimate for SCANA Corp.as $1.15 Million in the Current Quarter. Scana Corporation had a return on equity of 10.50% and a net margin of 13.99%. The firm's quarterly revenue was up 10.6% compared to the same quarter previous year. During the same quarter in the previous year, the company posted $0.74 earnings per share. Equities analysts anticipate that Scana Corporation will post $4.14 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Monday, September 11th will be issued a $0.6125 dividend. The ex-dividend date will be on Thursday the 8th of June 2017. The dividend yield will be $3.85. Scana Corporation's payout ratio is presently 57.68%.

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SCG has been the subject of a number of research reports. Finally, Morgan Stanley lifted their price target on shares of Scana Corporation from $58.00 to $59.00 and gave the company an "underweight" rating in a report on Thursday. Zacks Investment Research lowered shares of Scana Corporation from a "hold" rating to a "sell" rating in a report on Wednesday, July 12th. BidaskClub upgraded Scana Corporation from a "hold" rating to a "buy" rating in a research report on Tuesday, June 20th.

AXA reports that it bought 74,190 shares during the last quarter increasing its exposure to SCANA Corporation by 27.4%. Mizuho reaffirmed an "underperform" rating and issued a $63.00 target price on shares of Scana Corporation in a research report on Friday, July 7th. 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 company's stock. Scana Corporation now has a consensus rating of "Hold" and a consensus price target of $70.44.

SCANA Corporation is a holding company. The Company, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in SC. The Firm operates through divisions, 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 SC.

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