EPS for SCANA Corporation (SCG) Expected At $1.13

October 13, 2017 - By Migdalia James

 EPS for SCANA Corporation (SCG) Expected At $1.13
Investors sentiment decreased to 0.86 in 2017 Q2. Its down 0.11, from 0.97 in 2017Q1. It turned negative, as 46 investors sold SCANA Corporation shares while 161 reduced holdings. 46 funds opened positions while 133 raised stakes. 93.24 million shares or 2.65% less from 95.77 million shares in 2017Q1 were reported.
Engineers Gate Manager Limited Partnership accumulated 0.02% or 3,565 shares. Sumitomo Mitsui Asset Mngmt Communications reported 10,283 shares. Marshwinds Advisory Co, Georgia-based fund reported 3,812 shares. Tci Wealth Incorporated, a Arizona-based fund reported 590 shares. 20,469 were accumulated by Johnson Finance Grp Inc Incorporated. M&R Cap Mgmt Inc invested in 0.02% or 1,200 shares. California Public Employees Retirement Systems invested in 281,200 shares. Next Gru accumulated 0% or 140 shares. Leavell Investment Mngmt invested in 0.18% or 21,111 shares. Schwab Charles Incorporated holds 0.04% or 666,020 shares in its portfolio. Grantham Mayo Van Otterloo And Ltd Liability Co has invested 0.03% in SCANA Corporation (NYSE:SCG). Moreover, Old Mutual Customised Solutions (Proprietary) Limited has 0.03% invested in SCANA Corporation (NYSE:SCG). Amica Mutual Insur stated it has 0.05% in SCANA Corporation (NYSE:SCG). Tiedemann Wealth Mgmt Ltd Liability holds 45,447 shares. Moreover, Mcf Advisors Llc has 0.01% invested in SCANA Corporation (NYSE:SCG) for 1,005 shares.

Wall Street await SCANA Corporation (NYSE:SCG) to release earnings on October, 26. Analysts forecast EPS of $1.13, down exactly $0.19 or 14.39 % from 2014’s $1.32 EPS. The expected SCG’s profit could reach $161.07 million giving the stock 10.97 P/E in the case that $1.13 earnings per share is reported. After posting $0.85 EPS for the previous quarter, SCANA Corporation’s analysts now forecast 32.94 % EPS growth. The stock increased 0.04% or $0.02 during the last trading session, reaching $49.6. About 1.47M shares traded. SCANA Corporation (NYSE:SCG) has declined 4.13% since October 13, 2016 and is downtrending. It has underperformed by 20.83% the S&P500.

SCANA Corporation (NYSE:SCG) Ratings Coverage

Among 8 analysts covering SCANA (NYSE:SCG), 1 have Buy rating, 3 Sell and 4 Hold. Therefore 13% are positive. SCANA had 22 analyst reports since August 15, 2015 according to SRatingsIntel. Williams Capital Group downgraded the stock to “Hold” rating in Monday, September 18 report. The rating was downgraded by Williams Capital Group to “Sell” on Friday, September 29. The stock of SCANA Corporation (NYSE:SCG) has “Underweight” rating given on Thursday, August 10 by Morgan Stanley. The firm earned “Neutral” rating on Tuesday, February 14 by Mizuho. The stock of SCANA Corporation (NYSE:SCG) has “Hold” rating given on Wednesday, September 27 by Williams Capital Group. The rating was maintained by Mizuho with “Buy” on Tuesday, June 14. The company was downgraded on Friday, July 28 by Gabelli. The firm earned “Buy” rating on Monday, February 8 by Mizuho. The stock of SCANA Corporation (NYSE:SCG) earned “Hold” rating by Zacks on Saturday, August 15. Mizuho upgraded the stock to “Neutral” rating in Monday, August 28 report.

SCANA Corporation is a holding company. The company has market cap of $7.07 billion. The Company, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina. It has a 11.7 P/E ratio. The Firm operates through divisions, including Electric Operations, Gas Distribution, Gas Marketing and All Other.

More notable recent SCANA Corporation (NYSE:SCG) news were published by: Prnewswire.com which released: “SCANA INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered …” on October 09, 2017, also Businesswire.com with their article: “INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of SCANA …” published on October 09, 2017, Postandcourier.com published: “SCANA shareholders burned as fallout from South Carolina nuclear project spreads” on October 01, 2017. More interesting news about SCANA Corporation (NYSE:SCG) were released by: Postandcourier.com and their article: “SCANA faces more allegations of misleading investors in nuclear power project …” published on October 09, 2017 as well as Bizjournals.com‘s news article titled: “SCANA Corp. says VC Summer rate proposal could threaten utility’s financial …” with publication date: September 28, 2017.

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