SCANA Corporation Common Stock (NYSE:SCG):
SCANA Corporation Declares Dividend on Common Stock For Fourth Quarter 2016.
The company is so far trading up since yesterday’s close of $71.15.
The company recently announced a dividend for shareholders that was paid on Saturday the 1st of October 2016. The dividend payment was $0.575 per share for the quarter which comes to $2.30 on an annualized basis. This dividend amount was represent a yeild of $3.22. The ex-dividend date was set for Thursday the 8th of September 2016.
Shares of the company are trading at $71.55 just a bit higher than the 50 day moving average which is $71.16 and barely above the 200 day moving average of $71.44. The 50 day moving average was up $0.39 or +0.54% and the 200 day average was up $0.11.
The P/E ratio is currently 19.37 and market capitalization is 10.23B. As of the last earnings report the EPS was $3.69 and is projected to be $4.01 for the current year with 142,916,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $1.47 and the next full year EPS is anticipated to be $4.19.
A few brokerage analysts have released ratings on SCG. On July 29 UBS maintained a stock rating of “Neutral” but raised the price target from $54.00 to $76.00. On June 15 the company was downgraded from “” to “Underweight” by analysts at Morgan Stanley.
February 19 investment analysts at Barclays made no change to the stock rating of “Equalweight” and raised the price target to $63.00 from $62.00. Mizuho Securities raised the price target and upgraded the stock on February 8 changing the price objective from $56.00 to $71.00 and altering the rating from “Neutral” to “Buy”.
On February 8 the stock rating was upgraded to “Buy” from “Neutral” with a current price target of $71.00 in a statement from Mizuho Securities. On January 4 Barclays kept the stock rating at “Equal-weight” but raised the price expectation from $58.00 to $62.00.