Shell Asset Management Co. raised its position in Scana Corporation (NYSE:SCG) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,668 shares of the utilities provider’s stock after buying an additional 53 shares during the period. Shell Asset Management Co.’s holdings in Scana Corporation were worth $849,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SCG. Personal Capital Advisors Corp raised its stake in shares of Scana Corporation by 491.8% in the second quarter. Personal Capital Advisors Corp now owns 22,376 shares of the utilities provider’s stock worth $1,499,000 after buying an additional 18,595 shares during the last quarter. ING Groep NV raised its stake in shares of 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. raised its stake in shares of 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 raised its stake in shares of 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. Finally, Breton Hill Capital Ltd. raised its stake in shares of 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. Institutional investors and hedge funds own 67.56% of the company’s stock.

Scana Corporation (NYSE:SCG) opened at 62.01 on Friday. The firm has a 50-day moving average price of $65.37 and a 200-day moving average price of $67.01. Scana Corporation has a one year low of $60.00 and a one year high of $75.92. The firm has a market capitalization of $8.86 billion, a P/E ratio of 14.64 and a beta of 0.25.

Scana Corporation (NYSE:SCG) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $931.67 million. Scana Corporation had a return on equity of 10.50% and a net margin of 13.99%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. Equities analysts anticipate that Scana Corporation will post $4.14 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Monday, September 11th will be paid a $0.6125 dividend. The ex-dividend date is Friday, September 8th. This represents a $2.45 annualized dividend and a dividend yield of 3.95%. Scana Corporation’s dividend payout ratio (DPR) is currently 57.68%.

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A number of equities research analysts recently commented on SCG shares. Morgan Stanley dropped their target price on Scana Corporation from $70.00 to $67.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 11th. BidaskClub lowered Scana Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) upgraded Scana Corporation from a “sell” rating to a “neutral” rating and dropped their target price for the company from $66.00 to $64.00 in a research report on Thursday, July 20th. Mizuho reiterated an “underperform” rating and issued a $63.00 target price on shares of Scana Corporation in a research report on Friday, July 7th. Finally, Gabelli lowered Scana Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $70.44.

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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Institutional Ownership by Quarter for Scana Corporation (NYSE:SCG)

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