Personal Capital Advisors Corp increased its position in Scana Corporation (NYSE:SCG) by 491.8% during the second quarter, Holdings Channel reports. The institutional investor owned 22,376 shares of the utilities provider’s stock after buying an additional 18,595 shares during the period. Personal Capital Advisors Corp’s holdings in Scana Corporation were worth $1,499,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. ING Groep NV boosted its position in Scana Corporation by 0.4% in the second quarter. ING Groep NV now owns 7,320 shares of the utilities provider’s stock worth $491,000 after buying an additional 26 shares in the last quarter. Carroll Financial Associates Inc. boosted its position in Scana Corporation by 15.1% in the second quarter. Carroll Financial Associates Inc. now owns 45,670 shares of the utilities provider’s stock worth $3,060,000 after buying an additional 6,003 shares in the last quarter. Sadoff Investment Management LLC boosted its position in Scana Corporation by 0.4% in the second quarter. Sadoff Investment Management LLC now owns 102,223 shares of the utilities provider’s stock worth $6,850,000 after buying an additional 400 shares in the last quarter. Breton Hill Capital Ltd. boosted its position in Scana Corporation by 9.9% in the second quarter. Breton Hill Capital Ltd. now owns 22,251 shares of the utilities provider’s stock worth $1,491,000 after buying an additional 2,003 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new position in Scana Corporation during the second quarter worth about $424,000. Institutional investors and hedge funds own 67.94% of the company’s stock.
Shares of Scana Corporation (SCG) traded down 6.63% during trading on Friday, reaching $61.29. 2,473,753 shares of the company’s stock traded hands. The company’s 50-day moving average is $66.78 and its 200 day moving average is $67.45. Scana Corporation has a 52-week low of $61.06 and a 52-week high of $75.92. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 14.86 and a beta of 0.26.
Scana Corporation (NYSE:SCG) last announced its earnings results 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 net margin of 13.93% and a return on equity of 10.35%. 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 earned $1.23 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts forecast that Scana Corporation will post $4.19 EPS for the current year.
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A number of equities analysts recently issued reports on the stock. Guggenheim cut shares of Scana Corporation from a “buy” rating to a “sell” rating in a research report on Friday. Gabelli cut shares of Scana Corporation from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub upgraded shares of Scana Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Goldman Sachs Group, Inc. (The) upgraded shares of Scana Corporation from a “sell” rating to a “neutral” rating and lowered their price objective for the stock from $66.00 to $64.00 in a research report on Thursday, July 20th. Finally, Zacks Investment Research cut shares of Scana Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $71.13.
In other Scana Corporation news, VP Martin K. Phalen sold 42,023 shares of Scana Corporation stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.37% of the company’s stock.
About Scana Corporation
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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