Norinchukin Bank The boosted its stake in shares of Scana Corporation (NYSE:SCG) by 3.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,288 shares of the utilities provider’s stock after buying an additional 517 shares during the period. Norinchukin Bank The’s holdings in Scana Corporation were worth $934,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in SCG. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Scana Corporation by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,193 shares of the utilities provider’s stock worth $600,000 after buying an additional 31 shares during the last quarter. Jolley Asset Management LLC increased its position in Scana Corporation by 3.2% in the first quarter. Jolley Asset Management LLC now owns 1,595 shares of the utilities provider’s stock worth $104,000 after buying an additional 50 shares in the last quarter. Balasa Dinverno & Foltz LLC boosted its stake in shares of Scana Corporation by 1.8% in the third quarter. Balasa Dinverno & Foltz LLC now owns 3,882 shares of the utilities provider’s stock worth $281,000 after buying an additional 69 shares during the last quarter. CENTRAL TRUST Co boosted its stake in shares of Scana Corporation by 5.5% in the first quarter. CENTRAL TRUST Co now owns 1,534 shares of the utilities provider’s stock worth $100,000 after buying an additional 80 shares during the last quarter. Finally, Advisor Partners LLC boosted its stake in shares of Scana Corporation by 4.4% in the first quarter. Advisor Partners LLC now owns 3,386 shares of the utilities provider’s stock worth $221,000 after buying an additional 142 shares during the last quarter. 69.32% of the stock is owned by institutional investors.
Scana Corporation (SCG) traded up 1.74% during trading on Friday, hitting $71.22. 1,575,187 shares of the stock traded hands. The company has a 50-day moving average price of $66.98 and a 200-day moving average price of $68.80. The stock has a market cap of $10.18 billion, a PE ratio of 17.27 and a beta of 0.26. Scana Corporation has a 12 month low of $64.20 and a 12 month high of $76.41.
Scana Corporation (NYSE:SCG) last announced its quarterly earnings results on Thursday, April 27th. The utilities provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.37 by $0.18. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.26 billion. Scana Corporation had a return on equity of 10.35% and a net margin of 13.93%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 EPS. Equities research analysts expect that Scana Corporation will post $4.20 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, July 1st. Shareholders of record on Monday, June 12th will be paid a dividend of $0.6125 per share. This represents a $2.45 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Thursday, June 8th. Scana Corporation’s payout ratio is 59.22%.
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Several research firms have weighed in on SCG. Zacks Investment Research cut shares of Scana Corporation from a “buy” rating to a “hold” rating in a report on Monday, February 20th. Barclays PLC restated an “equal weight” rating and set a $67.00 target price (down previously from $70.00) on shares of Scana Corporation in a research report on Sunday, April 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $73.20.
In other Scana Corporation news, VP Martin K. Phalen sold 42,023 shares of Scana Corporation stock in a transaction on Monday, May 1st. The shares were sold at an average price of $65.49, for a total transaction of $2,752,086.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is owned by insiders.
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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