Scana Corporation (NYSE:SCG) Shares Bought by Rothschild Asset Management Inc.

Rothschild Asset Management Inc. increased its position in shares of Scana Corporation (NYSE:SCG) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,872 shares of the utilities provider’s stock after buying an additional 311 shares during the period. Rothschild Asset Management Inc.’s holdings in Scana Corporation were worth $595,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its position in shares of Scana Corporation by 1.1% in the second quarter. Janney Montgomery Scott LLC now owns 28,695 shares of the utilities provider’s stock worth $1,923,000 after buying an additional 311 shares during the last quarter. Shell Asset Management Co. increased its position in shares of Scana Corporation by 0.4% in the second quarter. Shell Asset Management Co. now owns 12,668 shares of the utilities provider’s stock worth $849,000 after buying an additional 53 shares during the last quarter. Personal Capital Advisors Corp increased its position in shares of Scana Corporation by 491.8% in the second quarter. Personal Capital Advisors Corp now owns 22,376 shares of the utilities provider’s stock worth $1,499,000 after buying an additional 18,595 shares during the last quarter. ING Groep NV increased its position in shares of Scana Corporation by 0.4% in the second quarter. ING Groep NV now owns 7,320 shares of the utilities provider’s stock worth $491,000 after buying an additional 26 shares during the last quarter. Finally, Carroll Financial Associates Inc. increased its position in shares of Scana Corporation by 15.1% in the second quarter. Carroll Financial Associates Inc. now owns 45,670 shares of the utilities provider’s stock worth $3,060,000 after buying an additional 6,003 shares during the last quarter. 67.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of Scana Corporation (SCG) opened at 62.01 on Friday. The stock’s 50 day moving average is $65.37 and its 200-day moving average is $67.01. The company has a market cap of $8.86 billion, a PE ratio of 14.64 and a beta of 0.25. Scana Corporation has a one year low of $60.00 and a one year high of $75.92.

Scana Corporation (NYSE:SCG) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.74 by $0.11. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $931.67 million. Scana Corporation had a return on equity of 10.50% and a net margin of 13.99%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 earnings per share. Equities research analysts expect that Scana Corporation will post $4.14 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Monday, September 11th will be paid a dividend of $0.6125 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $2.45 annualized dividend and a dividend yield of 3.95%. Scana Corporation’s dividend payout ratio is currently 57.68%.

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A number of research analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of Scana Corporation from $58.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday. Mizuho reissued an “underperform” rating and set a $59.50 price objective (up from $57.00) on shares of Scana Corporation in a research report on Tuesday, August 1st. Barclays PLC raised shares of Scana Corporation from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $65.00 to $73.00 in a research report on Tuesday, August 1st. Guggenheim downgraded shares of Scana Corporation from a “buy” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Gabelli downgraded shares of Scana Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $70.44.

Scana Corporation Company Profile

SCANA Corporation is a holding company. The Company, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina. The Company operates through segments, including Electric Operations, Gas Distribution, Gas Marketing and All Other. The Company is engaged in the purchase, transmission and sale of natural gas in North Carolina and South Carolina.

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Institutional Ownership by Quarter for Scana Corporation (NYSE:SCG)

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