Investors sold shares of Scana Corp. (NYSE:SCG) on strength during trading on Thursday. $7.52 million flowed into the stock on the tick-up and $23.43 million flowed out of the stock on the tick-down, for a money net flow of $15.91 million out of the stock. Of all companies tracked, Scana Corp. had the 0th highest net out-flow for the day. Scana Corp. traded up $0.63 for the day and closed at $74.14

Several research firms have weighed in on SCG. Mizuho boosted their target price on shares of Scana Corp. from $74.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, June 14th. Zacks Investment Research upgraded shares of Scana Corp. from a “sell” rating to a “hold” rating in a report on Monday, May 23rd. Morgan Stanley downgraded 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, Vetr downgraded shares of Scana Corp. from a “buy” rating to a “hold” rating and set a $73.50 price target on the stock. in a research note on Monday, April 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Scana Corp. presently has an average rating of “Hold” and an average target price of $68.92.

The firm has a market cap of $10.60 billion and a PE ratio of 20.30. The firm has a 50 day moving average of $72.90 and a 200 day moving average of $68.12.

Scana Corp. (NYSE:SCG) last posted its earnings results on Thursday, April 28th. The company reported $1.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by $0.11. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the business earned $2.80 EPS. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. On average, analysts predict that Scana Corp. will post $3.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 10th were issued a dividend of $0.575 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $2.30 annualized dividend and a yield of 3.10%.

A number of institutional investors have bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its position in Scana Corp. by 1,797.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 20,364 shares of the company’s stock valued at $1,232,000 after buying an additional 19,291 shares during the period. ARGI Investment Services LLC increased its position in Scana Corp. by 0.8% in the fourth quarter. ARGI Investment Services LLC now owns 21,473 shares of the company’s stock valued at $1,299,000 after buying an additional 173 shares during the period. OppenheimerFunds Inc. increased its position in Scana Corp. by 22.1% in the fourth quarter. OppenheimerFunds Inc. now owns 24,473 shares of the company’s stock valued at $1,484,000 after buying an additional 4,423 shares during the period. Advisors Asset Management Inc. increased its position in Scana Corp. by 2.9% in the fourth quarter. Advisors Asset Management Inc. now owns 25,878 shares of the company’s stock valued at $1,565,000 after buying an additional 727 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in Scana Corp. by 55.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 26,902 shares of the company’s stock valued at $1,627,000 after buying an additional 9,550 shares during the period.

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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