Public Employees Retirement System of Ohio held its position in Scana Corporation (NYSE:SCG) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 59,744 shares of the utilities provider’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in Scana Corporation were worth $3,904,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of SCG. CENTRAL TRUST Co raised its position in 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 period. Jolley Asset Management LLC raised its stake in shares of Scana Corporation by 3.2% in the first quarter. Jolley Asset Management LLC now owns 1,595 shares of the utilities provider’s stock valued at $104,000 after buying an additional 50 shares during the last quarter. Massmutual Trust Co. FSB ADV bought a new stake in shares of Scana Corporation during the first quarter valued at about $112,000. Cribstone Capital Management LLC raised its stake in shares of Scana Corporation by 113.7% in the first quarter. Cribstone Capital Management LLC now owns 1,842 shares of the utilities provider’s stock valued at $120,000 after buying an additional 980 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake 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 last quarter. Hedge funds and other institutional investors own 67.56% of the company’s stock.
Shares of Scana Corporation (NYSE:SCG) traded up 0.58% on Tuesday, reaching $63.65. 1,128,567 shares of the company’s stock were exchanged. Scana Corporation has a one year low of $60.00 and a one year high of $75.92. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of 15.43 and a beta of 0.25. The company’s 50 day moving average is $66.27 and its 200-day moving average is $67.26.
Scana Corporation (NYSE:SCG) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.11. Scana Corporation had a return on equity of 10.55% and a net margin of 13.99%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $931.67 million. During the same quarter in the prior year, the company earned $0.74 EPS. Scana Corporation’s revenue was up 10.6% on a year-over-year basis. On average, analysts anticipate that Scana Corporation will post $4.14 EPS for the current year.
The company also recently announced 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 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Friday, September 8th. Scana Corporation’s payout ratio is 57.68%.
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Several equities research analysts have issued reports on SCG shares. Zacks Investment Research lowered shares of Scana Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub upgraded shares of Scana Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Guggenheim lowered shares of Scana Corporation from a “buy” rating to a “sell” rating in a report on Friday, July 28th. Morgan Stanley lowered their price objective on shares of Scana Corporation from $70.00 to $67.00 and set an “underweight” rating for the company in a report on Tuesday, July 11th. Finally, Barclays PLC restated an “equal weight” rating and issued a $67.00 price objective (down from $70.00) on shares of Scana Corporation in a report on Sunday, April 23rd. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Scana Corporation presently has an average rating of “Hold” and a consensus target price of $71.44.
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.
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