Advisory Services Network LLC boosted its position in shares of Scana Corp. (NYSE:SCG) by 3.4% during the second quarter, Holdings Channel reports. The fund owned 12,958 shares of the company’s stock after buying an additional 421 shares during the period. Advisory Services Network LLC’s holdings in Scana Corp. were worth $980,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of SCG. Cribstone Capital Management LLC purchased a new position in Scana Corp. during the second quarter worth $102,000. Financial Architects Inc boosted its position in Scana Corp. by 438.8% in the second quarter. Financial Architects Inc now owns 2,850 shares of the company’s stock worth $215,000 after buying an additional 2,321 shares during the last quarter. Pennsylvania Trust Co boosted its position in Scana Corp. by 1.4% in the second quarter. Pennsylvania Trust Co now owns 2,924 shares of the company’s stock worth $221,000 after buying an additional 40 shares during the last quarter. Prudential PLC purchased a new position in Scana Corp. during the first quarter worth $267,000. Finally, Balasa Dinverno & Foltz LLC purchased a new position in Scana Corp. during the second quarter worth $288,000. 64.84% of the stock is owned by institutional investors.
Shares of Scana Corp. (NYSE:SCG) traded down 1.16% during trading on Monday, reaching $71.53. 941,391 shares of the company’s stock were exchanged. The company has a market capitalization of $10.22 billion, a PE ratio of 19.36 and a beta of 0.24. Scana Corp. has a 52-week low of $55.36 and a 52-week high of $76.41. The company has a 50 day moving average price of $72.16 and a 200-day moving average price of $71.31.
Scana Corp. (NYSE:SCG) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.74 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.74. The business had revenue of $905 million for the quarter, compared to the consensus estimate of $986.95 million. Scana Corp. had a net margin of 12.88% and a return on equity of 9.82%. Scana Corp.’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. On average, equities analysts forecast that Scana Corp. will post $3.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Investors of record on Monday, September 12th were issued a $0.575 dividend. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $2.30 annualized dividend and a yield of 3.22%. Scana Corp.’s dividend payout ratio (DPR) is presently 62.16%.
A number of equities analysts have weighed in on SCG shares. Williams Capital reissued a “buy” rating on shares of Scana Corp. in a research report on Monday, September 12th. Zacks Investment Research raised shares of Scana Corp. from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Tuesday, August 16th. Mizuho increased their price target on shares of Scana Corp. from $74.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, June 14th. Finally, Morgan Stanley cut shares of Scana Corp. from an “equal weight” rating to an “underweight” rating and set a $67.00 price target on the stock. in a research report on Wednesday, June 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Scana Corp. has a consensus rating of “Hold” and a consensus price target of $71.58.
Scana Corp. Company Profile
SCANA Corporation is a holding company. The Company, through its subsidiaries, is engaged in generation, transmission, distribution and sale of electricity, and the purchase, sale and transportation of natural gas in North Carolina and South Carolina. It operates through segments, including Electric Operations, Gas Distribution, Retail Gas Marketing, Energy Marketing and All Other.
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