Scana Corporation (SCG) Holdings Reduced by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lowered its position in Scana Corporation (NYSE:SCG) by 4.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,456 shares of the utilities provider’s stock after selling 504 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Scana Corporation were worth $768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in SCG. Retirement Systems of Alabama increased its stake in shares of Scana Corporation by 2.0% in the first quarter. Retirement Systems of Alabama now owns 69,084 shares of the utilities provider’s stock valued at $4,515,000 after purchasing an additional 1,346 shares during the period. Shell Asset Management Co. increased its stake in shares of Scana Corporation by 4.3% during the first quarter. Shell Asset Management Co. now owns 12,615 shares of the utilities provider’s stock valued at $824,000 after acquiring an additional 523 shares during the period. Strs Ohio increased its stake in shares of Scana Corporation by 18.8% during the first quarter. Strs Ohio now owns 26,916 shares of the utilities provider’s stock valued at $1,758,000 after acquiring an additional 4,257 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Scana Corporation by 15.3% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,585 shares of the utilities provider’s stock valued at $757,000 after acquiring an additional 1,539 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of Scana Corporation by 378.2% during the first quarter. Canada Pension Plan Investment Board now owns 140,210 shares of the utilities provider’s stock valued at $9,163,000 after acquiring an additional 110,892 shares during the period. Institutional investors own 66.70% of the company’s stock.

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Scana Corporation (NYSE:SCG) traded down 0.13% on Friday, reaching $59.54. 360,363 shares of the company’s stock traded hands. Scana Corporation has a 52-week low of $58.55 and a 52-week high of $75.92. The firm’s 50 day moving average price is $61.52 and its 200 day moving average price is $65.57. The firm has a market capitalization of $8.51 billion, a PE ratio of 14.05 and a beta of 0.27.

Scana Corporation (NYSE:SCG) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.85 earnings per share for the quarter, topping the Zacks’ 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 net margin of 13.99% and a return on equity of 10.50%. Scana Corporation’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 earnings per share. On average, analysts predict that Scana Corporation will post $4.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Monday, September 11th will be paid a dividend of $0.6125 per share. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date is Friday, September 8th. Scana Corporation’s dividend payout ratio (DPR) is 57.92%.

A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of Scana Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Mizuho reiterated an “underperform” rating and set a $59.50 price objective (up previously from $57.00) on shares of Scana Corporation in a research note on Tuesday, August 1st. Barclays PLC upgraded shares of Scana Corporation from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $65.00 to $73.00 in a research note on Tuesday, August 1st. Guggenheim lowered shares of Scana Corporation from a “buy” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Morgan Stanley raised their price objective on shares of Scana Corporation from $58.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $70.31.

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.

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

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