GW Henssler & Associates Ltd. increased its stake in shares of Scana Corp. (NYSE:SCG) by 2.8% during the second quarter, Holdings Channel reports. The institutional investor owned 54,055 shares of the company’s stock after buying an additional 1,496 shares during the period. GW Henssler & Associates Ltd.’s holdings in Scana Corp. were worth $4,090,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of SCG. TIAA CREF Investment Management LLC boosted its position in Scana Corp. by 24.8% in the first quarter. TIAA CREF Investment Management LLC now owns 428,767 shares of the company’s stock valued at $30,078,000 after buying an additional 85,087 shares in the last quarter. Teachers Advisors Inc. boosted its position in Scana Corp. by 7.1% in the first quarter. Teachers Advisors Inc. now owns 217,198 shares of the company’s stock valued at $15,236,000 after buying an additional 14,469 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Scana Corp. by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,929,789 shares of the company’s stock valued at $275,675,000 after buying an additional 34,076 shares in the last quarter. BlackRock Japan Co. Ltd boosted its position in Scana Corp. by 2.2% in the first quarter. BlackRock Japan Co. Ltd now owns 168,036 shares of the company’s stock valued at $11,788,000 after buying an additional 3,634 shares in the last quarter. Finally, Sentry Investment Management LLC boosted its position in Scana Corp. by 31.7% in the first quarter. Sentry Investment Management LLC now owns 10,796 shares of the company’s stock valued at $757,000 after buying an additional 2,600 shares in the last quarter. 64.86% of the stock is currently owned by institutional investors.
Scana Corp. (NYSE:SCG) traded down 0.54% during trading on Friday, hitting $69.46. 482,895 shares of the stock traded hands. Scana Corp. has a one year low of $55.85 and a one year high of $76.41. The company’s 50 day moving average is $71.37 and its 200 day moving average is $71.37. The company has a market capitalization of $9.93 billion, a P/E ratio of 18.80 and a beta of 0.24.
Scana Corp. (NYSE:SCG) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. Scana Corp. had a net margin of 12.88% and a return on equity of 9.82%. The firm had revenue of $905 million for the quarter, compared to analysts’ expectations of $986.95 million. During the same period last year, the firm earned $0.69 earnings per share. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, equities analysts forecast that Scana Corp. will post $3.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Monday, September 12th were paid a $0.575 dividend. The ex-dividend date was Thursday, September 8th. This represents a $2.30 dividend on an annualized basis and a yield of 3.31%. Scana Corp.’s payout ratio is presently 62.16%.
SCG has been the topic of several research reports. Zacks Investment Research raised Scana Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Williams Capital reaffirmed a “buy” rating on shares of Scana Corp. in a report on Monday, September 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Scana Corp. currently has a consensus rating of “Hold” and a consensus target price of $71.58.
About Scana Corp.
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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