Mizuho Asset Management Co. Ltd. boosted its position in shares of Scana Corp. (NYSE:SCG) by 60.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,832 shares of the company’s stock after buying an additional 687 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in Scana Corp. were worth $139,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. GSA Capital Partners LLP bought a new stake in shares of Scana Corp. during the second quarter worth approximately $3,240,000. JPMorgan Chase & Co. boosted its stake in Scana Corp. by 83.8% in the first quarter. JPMorgan Chase & Co. now owns 414,461 shares of the company’s stock valued at $29,074,000 after buying an additional 189,009 shares in the last quarter. Sentry Investment Management LLC boosted its stake in Scana Corp. by 31.7% in the first quarter. Sentry Investment Management LLC now owns 10,796 shares of the company’s stock valued at $757,000 after buying an additional 2,600 shares in the last quarter. BlackRock Japan Co. Ltd boosted its stake in Scana Corp. by 2.2% in the first quarter. BlackRock Japan Co. Ltd now owns 168,036 shares of the company’s stock valued at $11,788,000 after buying an additional 3,634 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Scana Corp. by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,929,789 shares of the company’s stock valued at $275,675,000 after buying an additional 34,076 shares in the last quarter. Institutional investors own 64.84% of the company’s stock.
Shares of Scana Corp. (NYSE:SCG) traded up 0.55% during trading on Monday, reaching $75.40. The company had a trading volume of 97,092 shares. Scana Corp. has a 52 week low of $53.83 and a 52 week high of $76.41. The company has a market capitalization of $10.78 billion, a PE ratio of 20.41 and a beta of 0.22. The stock’s 50-day moving average price is $72.05 and its 200-day moving average price is $71.06.
Scana Corp. (NYSE:SCG) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.74 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.74. The company earned $905 million during the quarter, compared to analysts’ expectations of $986.95 million. Scana Corp. had a return on equity of 9.82% and a net margin of 12.88%. The firm’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 EPS. On average, equities analysts expect that Scana Corp. will post $3.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Monday, September 12th will be issued a $0.575 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $2.30 annualized dividend and a dividend yield of 3.07%. Scana Corp.’s dividend payout ratio (DPR) is presently 62.16%.
SCG has been the subject of several research analyst reports. Zacks Investment Research upgraded Scana Corp. from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research report on Wednesday, September 21st. Morgan Stanley cut Scana Corp. from an “equal weight” rating to an “underweight” rating and set a $67.00 target price for the company. in a research report on Wednesday, June 15th. Williams Capital reiterated a “buy” rating on shares of Scana Corp. in a research report on Monday, September 12th. Finally, Mizuho increased their target price on Scana Corp. from $74.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average 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.
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