Nomura Holdings Inc. lowered its stake in shares of Scana Corporation (NYSE:SCG) by 14.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,621 shares of the utilities provider’s stock after selling 1,896 shares during the period. Nomura Holdings Inc.’s holdings in Scana Corporation were worth $760,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Scana Corporation by 3,558.5% in the first quarter. BlackRock Inc. now owns 12,263,023 shares of the utilities provider’s stock valued at $801,389,000 after buying an additional 11,927,826 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in Scana Corporation during the first quarter worth about $91,844,000. Energy Income Partners LLC acquired a new position in Scana Corporation during the fourth quarter worth about $61,431,000. Morgan Stanley boosted its stake in shares of Scana Corporation by 127.7% in the first quarter. Morgan Stanley now owns 1,473,057 shares of the utilities provider’s stock valued at $96,264,000 after buying an additional 826,008 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Scana Corporation during the fourth quarter valued at $57,064,000. 69.30% of the stock is currently owned by hedge funds and other institutional investors.
Scana Corporation (SCG) traded up 0.45% during mid-day trading on Wednesday, hitting $64.07. The stock had a trading volume of 102,108 shares. The company has a 50 day moving average price of $67.99 and a 200 day moving average price of $68.66. Scana Corporation has a one year low of $63.84 and a one year high of $75.92. The stock has a market cap of $9.16 billion, a P/E ratio of 15.53 and a beta of 0.26.
Scana Corporation (NYSE:SCG) last posted its quarterly earnings data on Thursday, April 27th. The utilities provider reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by $0.18. Scana Corporation had a return on equity of 10.35% and a net margin of 13.93%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the firm posted $1.23 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Scana Corporation will post $4.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, July 1st. Stockholders of record on Monday, June 12th were issued a dividend of $0.6125 per share. The ex-dividend date was Thursday, June 8th. This represents a $2.45 annualized dividend and a dividend yield of 3.84%. Scana Corporation’s payout ratio is 59.22%.
A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Scana Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. Barclays PLC reiterated an “equal weight” rating and set a $67.00 price target (down previously from $70.00) on shares of Scana Corporation in a research report on Sunday, April 23rd. Morgan Stanley cut their price target on Scana Corporation from $70.00 to $67.00 and set an “underweight” rating for the company in a report on Tuesday. BidaskClub raised Scana Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Mizuho reissued an “underperform” rating and set a $63.00 target price on shares of Scana Corporation in a research note on Friday, July 7th. Four analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $71.33.
In other news, VP Martin K. Phalen sold 42,023 shares of Scana Corporation stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $65.49, for a total transaction of $2,752,086.27. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.37% of the company’s stock.
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 our FREE daily email newsletter.