Traders Sell SCANA (SCG) on Strength (SCG)

Traders sold shares of SCANA Co. (NYSE:SCG) on strength during trading hours on Wednesday. $162.63 million flowed into the stock on the tick-up and $213.94 million flowed out of the stock on the tick-down, for a money net flow of $51.31 million out of the stock. Of all companies tracked, SCANA had the 0th highest net out-flow for the day. SCANA traded up $8.78 for the day and closed at $47.65

SCG has been the subject of several analyst reports. Edward Jones upgraded SCANA from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Morgan Stanley reiterated an “underweight” rating and issued a $45.00 price target on shares of SCANA in a report on Wednesday, October 4th. ValuEngine upgraded SCANA from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Bank of America initiated coverage on SCANA in a report on Tuesday, October 24th. They issued a “neutral” rating and a $49.00 price target for the company. Finally, Guggenheim upgraded SCANA from a “sell” rating to a “neutral” rating in a report on Thursday, November 16th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $61.44.

The firm has a market cap of $6,620.00, a P/E ratio of 14.66, a PEG ratio of 4.51 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 (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 Thomson Reuters’ consensus estimate of $1.17 by ($0.01). SCANA had a net margin of 10.45% and a return on equity of 10.05%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the firm earned $1.32 earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. analysts anticipate that SCANA Co. will post 4.2 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Tuesday, December 12th were paid a dividend of $0.6125 per share. The ex-dividend date of this dividend was Monday, December 11th. This represents a $2.45 annualized dividend and a dividend yield of 5.29%. SCANA’s dividend payout ratio is presently 77.53%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its position in SCANA by 0.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 22,339 shares of the utilities provider’s stock worth $1,497,000 after purchasing an additional 109 shares during the period. Sentry Investment Management LLC boosted its position in SCANA by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 11,102 shares of the utilities provider’s stock worth $744,000 after purchasing an additional 117 shares during the period. Thrivent Financial For Lutherans boosted its position in SCANA by 2.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 5,410 shares of the utilities provider’s stock worth $363,000 after purchasing an additional 140 shares during the period. Pacer Advisors Inc. boosted its position in SCANA by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 2,641 shares of the utilities provider’s stock worth $177,000 after purchasing an additional 203 shares during the period. Finally, WFG Advisors LP boosted its position in SCANA by 60.6% during the 2nd quarter. WFG Advisors LP now owns 1,747 shares of the utilities provider’s stock worth $117,000 after purchasing an additional 659 shares during the period. 66.70% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This piece was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at https://www.com-unik.info/2018/01/05/traders-sell-scana-scg-on-strength-scg.html.

About SCANA

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.

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit