Whittier Trust Co. maintained its stake in shares of Scana Corp. (NYSE:SCG) during the second quarter, Holdings Channel reports. The firm owned 4,246 shares of the company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Scana Corp. were worth $321,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Sabal Trust CO acquired a new position in Scana Corp. during the second quarter worth approximately $325,000. Huntington National Bank raised its position in Scana Corp. by 51.6% in the second quarter. Huntington National Bank now owns 5,124 shares of the company’s stock worth $387,000 after buying an additional 1,745 shares in the last quarter. Advisory Services Network LLC raised its position in Scana Corp. by 3.4% in the second quarter. Advisory Services Network LLC now owns 12,958 shares of the company’s stock worth $980,000 after buying an additional 421 shares in the last quarter. ING Groep NV raised its position in Scana Corp. by 2.9% in the second quarter. ING Groep NV now owns 8,231 shares of the company’s stock worth $623,000 after buying an additional 230 shares in the last quarter. Finally, First Midwest Bank Trust Division raised its position in Scana Corp. by 71.0% in the second quarter. First Midwest Bank Trust Division now owns 32,660 shares of the company’s stock worth $2,471,000 after buying an additional 13,566 shares in the last quarter. 64.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of Scana Corp. (NYSE:SCG) traded down 0.54% during trading on Friday, hitting $69.46. The stock had a trading volume of 482,897 shares. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 18.80 and a beta of 0.24. Scana Corp. has a one year low of $55.85 and a one year high of $76.41. The stock has a 50 day moving average price of $71.37 and a 200-day moving average price of $71.37.
Scana Corp. (NYSE:SCG) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.74 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.74. Scana Corp. had a return on equity of 9.82% and a net margin of 12.88%. The firm had revenue of $905 million for the quarter, compared to analyst estimates of $986.95 million. During the same quarter last year, the company earned $0.69 EPS. The company’s revenue was down 6.4% on a year-over-year basis. On average, equities research analysts predict that Scana Corp. will post $3.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Monday, September 12th were paid a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $2.30 dividend on an annualized basis and a yield of 3.31%. Scana Corp.’s dividend payout ratio (DPR) is presently 62.16%.
A number of equities analysts have commented on SCG shares. Zacks Investment Research raised Scana Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Williams Capital reissued a “buy” rating on shares of Scana Corp. in a research note on Monday, September 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $71.58.
Scana Corp. Company Profile
SCANA Corporation is a holding company. The Company, through its subsidiaries, is engaged in generation, transmission, distribution and sale of electricity, and the purchase, sale and transportation of natural gas in North Carolina and South Carolina. It operates through segments, including Electric Operations, Gas Distribution, Retail Gas Marketing, Energy Marketing and All Other.