Oregon Public Employees Retirement Fund decreased its position in Scana Corporation (NYSE:SCG) by 61.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,931 shares of the utilities provider’s stock after selling 24,197 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Scana Corporation were worth $1,001,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of SCG. Focused Wealth Management Inc increased its position in Scana Corporation by 0.4% in the first quarter. Focused Wealth Management Inc now owns 3,182 shares of the utilities provider’s stock worth $208,000 after buying an additional 12 shares in the last quarter. Parallel Advisors LLC increased its position in Scana Corporation by 0.6% in the first quarter. Parallel Advisors LLC now owns 2,235 shares of the utilities provider’s stock worth $145,000 after buying an additional 13 shares in the last quarter. Gateway Investment Advisers LLC increased its position in Scana Corporation by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 9,669 shares of the utilities provider’s stock worth $648,000 after buying an additional 28 shares in the last quarter. Cleararc Capital Inc. increased its position in Scana Corporation by 1.2% in the first quarter. Cleararc Capital Inc. now owns 3,497 shares of the utilities provider’s stock worth $229,000 after buying an additional 42 shares in the last quarter. Finally, Jolley Asset Management LLC increased its position in Scana Corporation by 3.2% in the first quarter. Jolley Asset Management LLC now owns 1,595 shares of the utilities provider’s stock worth $104,000 after buying an additional 50 shares in the last quarter. Institutional investors own 67.55% of the company’s stock.
Shares of Scana Corporation (NYSE:SCG) traded down 2.51% during midday trading on Friday, hitting $63.70. 527,092 shares of the stock were exchanged. The stock has a market capitalization of $9.10 billion, a price-to-earnings ratio of 15.44 and a beta of 0.25. Scana Corporation has a 1-year low of $60.00 and a 1-year high of $75.92. The firm’s 50 day moving average is $66.63 and its 200-day moving average is $67.30.
Scana Corporation (NYSE:SCG) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $931.67 million. Scana Corporation had a net margin of 13.93% and a return on equity of 10.35%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the company earned $0.74 earnings per share. On average, analysts predict that Scana Corporation will post $4.14 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Monday, September 11th will be issued a dividend of $0.6125 per share. This represents a $2.45 dividend on an annualized basis and a dividend yield of 3.75%. Scana Corporation’s dividend payout ratio is currently 59.22%.
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A number of equities analysts have recently commented on the stock. Mizuho restated an “underperform” rating and set a $59.50 price objective (up from $57.00) on shares of Scana Corporation in a research note on Tuesday. BidaskClub downgraded shares of Scana Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) upgraded shares of Scana Corporation from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $66.00 to $64.00 in a research note on Thursday, July 20th. Gabelli downgraded shares of Scana Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Barclays PLC upgraded shares of Scana Corporation from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $65.00 to $73.00 in a research note on Tuesday. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $71.44.
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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