Whittier Trust Co. of Nevada Inc. continued to hold its stake in Scana Corp. (NYSE:SCG) during the second quarter, Holdings Channel reports. The fund owned 8,400 shares of the company’s stock at the end of the second quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Scana Corp. were worth $635,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in SCG. Cribstone Capital Management LLC bought a new stake in Scana Corp. during the second quarter worth about $102,000. Financial Architects Inc boosted its stake 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 in the last quarter. Pennsylvania Trust Co boosted its stake 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 in the last quarter. Prudential PLC bought a new stake in Scana Corp. during the first quarter worth about $267,000. Finally, Balasa Dinverno & Foltz LLC bought a new stake in Scana Corp. during the second quarter worth about $288,000. 64.84% of the stock is currently owned by hedge funds and other institutional investors.
Scana Corp. (NYSE:SCG) traded up 0.09% on Friday, hitting $69.17. The stock had a trading volume of 961,311 shares. Scana Corp. has a one year low of $55.63 and a one year high of $76.41. The stock’s 50 day moving average is $71.76 and its 200 day moving average is $71.37. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 18.72 and a beta of 0.24.
Scana Corp. (NYSE:SCG) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.74 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.74. Scana Corp. had a return on equity of 9.82% and a net margin of 12.88%. The firm earned $905 million during the quarter, compared to the consensus estimate of $986.95 million. During the same period last year, the company earned $0.69 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. Analysts anticipate that Scana Corp. will post $3.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Monday, September 12th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, September 8th. Scana Corp.’s payout ratio is 62.16%.
A number of equities research analysts recently issued reports on the stock. Mizuho lifted their price target on shares of Scana Corp. from $74.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, June 14th. Zacks Investment Research raised shares of Scana Corp. from a “sell” rating to a “hold” rating in a research note on Monday, June 13th. Williams Capital reissued a “buy” rating on shares of Scana Corp. in a research note on Monday, September 12th. 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 note on Wednesday, June 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Scana Corp. has an average rating of “Hold” and an average 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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