Alps Advisors Inc. lowered its position in Scana Corp. (NYSE:SCG) by 6.8% during the second quarter, Holdings Channel reports. The institutional investor owned 5,887 shares of the company’s stock after selling 432 shares during the period. Alps Advisors Inc.’s holdings in Scana Corp. were worth $445,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in SCG. Pennsylvania Trust Co boosted its stake in Scana Corp. by 1.4% in the second quarter. Pennsylvania Trust Co now owns 2,924 shares of the company’s stock valued at $221,000 after buying an additional 40 shares in the last quarter. Palladium Partners LLC boosted its stake in Scana Corp. by 5.0% in the second quarter. Palladium Partners LLC now owns 6,299 shares of the company’s stock valued at $477,000 after buying an additional 299 shares in the last quarter. Somerset Trust Co boosted its stake in Scana Corp. by 3.8% in the second quarter. Somerset Trust Co now owns 8,329 shares of the company’s stock valued at $630,000 after buying an additional 303 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Scana Corp. by 0.4% in the second quarter. Retirement Systems of Alabama now owns 72,861 shares of the company’s stock valued at $5,513,000 after buying an additional 306 shares in the last quarter. Finally, Conning Inc. boosted its stake in Scana Corp. by 7.4% in the second quarter. Conning Inc. now owns 4,520 shares of the company’s stock valued at $342,000 after buying an additional 310 shares in the last quarter. 64.84% of the stock is currently owned by institutional investors.
Scana Corp. (NYSE:SCG) traded up 0.22% on Thursday, hitting $69.11. 711,527 shares of the stock traded hands. Scana Corp. has a 52 week low of $55.54 and a 52 week high of $76.41. The firm has a market capitalization of $9.88 billion, a PE ratio of 18.71 and a beta of 0.24. The stock has a 50 day moving average of $71.87 and a 200 day moving average of $71.36.
Scana Corp. (NYSE:SCG) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.74 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.74. Scana Corp. had a net margin of 12.88% and a return on equity of 9.82%. The company earned $905 million during the quarter, compared to analysts’ expectations of $986.95 million. During the same period in the prior year, the company posted $0.69 earnings per share. Scana Corp.’s revenue for the quarter was down 6.4% compared to the same quarter last year. Equities research analysts anticipate that Scana Corp. will post $3.97 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Monday, September 12th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Thursday, September 8th. Scana Corp.’s dividend payout ratio (DPR) is presently 62.16%.
Several research firms recently commented on SCG. Zacks Investment Research cut shares of Scana Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Williams Capital reaffirmed a “buy” rating on shares of Scana Corp. in a research report on Monday, September 12th. Morgan Stanley lowered shares of Scana Corp. from an “equal weight” rating to an “underweight” rating and set a $67.00 price target on the stock. in a research note on Wednesday, June 15th. Finally, Mizuho lifted their price target on shares of Scana Corp. from $74.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, June 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target 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.