Scana Corp. (SCG) Shares Sold by Northwestern Mutual Investment Management Company LLC
Northwestern Mutual Investment Management Company LLC decreased its stake in Scana Corp. (NYSE:SCG) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 5,451 shares of the company’s stock after selling 5 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Scana Corp. were worth $412,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of SCG. Mason Street Advisors LLC acquired a new position in Scana Corp. during the second quarter worth $1,456,000. Tobam acquired a new position in Scana Corp. during the second quarter worth $1,194,000. Sanctuary Wealth Advisors LLC raised its position in Scana Corp. by 2.7% in the second quarter. Sanctuary Wealth Advisors LLC now owns 48,266 shares of the company’s stock worth $3,652,000 after buying an additional 1,270 shares in the last quarter. Family Firm Inc. acquired a new position in Scana Corp. during the second quarter worth $207,000. Finally, Schwab Charles Investment Management Inc. raised its position in Scana Corp. by 2.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 552,925 shares of the company’s stock worth $41,835,000 after buying an additional 15,651 shares in the last quarter. Institutional investors own 64.84% of the company’s stock.
Scana Corp. (NYSE:SCG) opened at 72.63 on Wednesday. The firm has a 50-day moving average of $72.06 and a 200 day moving average of $70.95. The company has a market capitalization of $10.38 billion, a P/E ratio of 19.66 and a beta of 0.22. Scana Corp. has a one year low of $52.27 and a one year high of $76.41.
Scana Corp. (NYSE:SCG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.74 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.74. The company had revenue of $905 million for the quarter, compared to the consensus estimate of $986.95 million. Scana Corp. had a net margin of 12.88% and a return on equity of 9.82%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 earnings per share. On average, equities analysts forecast 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. Investors of record on Monday, September 12th will be given a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $2.30 dividend on an annualized basis and a yield of 3.17%. Scana Corp.’s dividend payout ratio (DPR) is 62.16%.
A number of research firms recently weighed in on SCG. Zacks Investment Research upgraded shares of Scana Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Morgan Stanley lowered shares of Scana Corp. from an “equal weight” rating to an “underweight” rating and set a $67.00 price objective for the company. in a research note on Wednesday, June 15th. Mizuho lifted their price objective 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. Finally, Williams Capital reiterated a “buy” rating on shares of Scana Corp. in a research note on Monday, September 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock currently 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.
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