Oakworth Capital Inc. continued to hold its stake in shares of Scana Corporation (NYSE:SCG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,207 shares of the utilities provider’s stock at the end of the second quarter. Oakworth Capital Inc.’s holdings in Scana Corporation were worth $148,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Focused Wealth Management Inc increased its stake in shares of Scana Corporation by 0.4% in the first quarter. Focused Wealth Management Inc now owns 3,182 shares of the utilities provider’s stock valued at $208,000 after buying an additional 12 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Scana Corporation by 0.6% in the first quarter. Parallel Advisors LLC now owns 2,235 shares of the utilities provider’s stock valued at $145,000 after buying an additional 13 shares during the period. ING Groep NV boosted 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 valued at $491,000 after buying an additional 26 shares during the period. Gateway Investment Advisers LLC boosted its position in shares of Scana Corporation by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 9,669 shares of the utilities provider’s stock valued at $648,000 after buying an additional 28 shares during the period. Finally, Cleararc Capital Inc. boosted its position in shares of Scana Corporation by 1.2% in the first quarter. Cleararc Capital Inc. now owns 3,497 shares of the utilities provider’s stock valued at $229,000 after buying an additional 42 shares during the period. 67.56% of the stock is currently owned by institutional investors and hedge funds.
Scana Corporation (NYSE SCG) opened at 60.69 on Friday. Scana Corporation has a 52 week low of $60.00 and a 52 week high of $75.92. The company’s 50-day moving average price is $65.11 and its 200 day moving average price is $66.94. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 14.32 and a beta of 0.25.
Scana Corporation (NYSE:SCG) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.11. Scana Corporation had a net margin of 13.99% and a return on equity of 10.50%. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $931.67 million. During the same period last year, the company posted $0.74 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, analysts predict that Scana Corporation will post $4.12 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Monday, September 11th will be given a $0.6125 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $2.45 annualized dividend and a dividend yield of 4.04%. Scana Corporation’s dividend payout ratio is 57.68%.
Several equities analysts have recently issued reports on SCG shares. Zacks Investment Research cut Scana Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. Barclays PLC restated an “equal weight” rating and issued a $67.00 target price (down from $70.00) on shares of Scana Corporation in a report on Sunday, April 23rd. BidaskClub upgraded Scana Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Mizuho reiterated an “underperform” rating and set a $63.00 price target on shares of Scana Corporation in a report on Friday, July 7th. Finally, Morgan Stanley lowered their price target on Scana Corporation from $70.00 to $67.00 and set an “underweight” rating on the stock in a report on Tuesday, July 11th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average 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.
Receive News & Ratings for Scana Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scana Corporation and related companies with MarketBeat.com's FREE daily email newsletter.