Piedmont Investment Advisors LLC increased its position in Scana Corporation (NYSE:SCG) by 0.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,644 shares of the utilities provider’s stock after purchasing an additional 8 shares during the period. Piedmont Investment Advisors LLC’s holdings in Scana Corporation were worth $445,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Scana Corporation by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 13,887,779 shares of the utilities provider’s stock worth $930,620,000 after purchasing an additional 316,210 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in Scana Corporation by 27.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,794,850 shares of the utilities provider’s stock worth $120,273,000 after purchasing an additional 389,431 shares in the last quarter. First Trust Advisors LP boosted its stake in Scana Corporation by 106.6% in the 2nd quarter. First Trust Advisors LP now owns 1,651,461 shares of the utilities provider’s stock worth $110,664,000 after purchasing an additional 852,243 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Scana Corporation by 6,220.2% in the 2nd quarter. Janus Henderson Group PLC now owns 1,250,396 shares of the utilities provider’s stock worth $83,789,000 after purchasing an additional 1,230,612 shares in the last quarter. Finally, LSV Asset Management boosted its stake in Scana Corporation by 833.9% in the 2nd quarter. LSV Asset Management now owns 1,241,196 shares of the utilities provider’s stock worth $83,172,000 after purchasing an additional 1,108,296 shares in the last quarter. Institutional investors own 66.63% of the company’s stock.
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Scana Corporation (NYSE SCG) opened at 48.65 on Friday. Scana Corporation has a 1-year low of $47.80 and a 1-year high of $74.99. The firm’s 50-day moving average is $54.05 and its 200 day moving average is $62.70. The company has a market cap of $6.95 billion, a PE ratio of 11.48 and a beta of 0.23.
Scana Corporation (NYSE:SCG) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.11. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $931.67 million. Scana Corporation had a return on equity of 10.50% and a net margin of 13.99%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $0.74 earnings per share. Analysts predict that Scana Corporation will post $4.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Monday, September 11th were issued a $0.6125 dividend. This represents a $2.45 annualized dividend and a yield of 5.04%. The ex-dividend date was Friday, September 8th. Scana Corporation’s dividend payout ratio is presently 57.92%.
A number of brokerages recently issued reports on SCG. BidaskClub cut shares of Scana Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Mizuho reiterated an “underperform” rating and issued a $63.00 price target on shares of Scana Corporation in a research note on Friday, July 7th. Guggenheim cut shares of Scana Corporation from a “buy” rating to a “sell” rating in a research note on Friday, July 28th. Gabelli cut shares of Scana Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Scana Corporation from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $66.00 to $64.00 in a research note on Thursday, July 20th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Scana Corporation presently has a consensus rating of “Hold” and a consensus price target of $65.06.
Scana Corporation 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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