Aspiriant LLC Sells 947 Shares of Scana Corporation (SCG)
Aspiriant LLC reduced its position in shares of Scana Corporation (NYSE:SCG) by 7.5% during the second quarter, Holdings Channel reports. The firm owned 11,703 shares of the utilities provider’s stock after selling 947 shares during the period. Aspiriant LLC’s holdings in Scana Corporation were worth $784,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of SCG. Vanguard Group Inc. raised its stake in shares of Scana Corporation by 3.7% in the first quarter. Vanguard Group Inc. now owns 13,571,569 shares of the utilities provider’s stock worth $886,902,000 after buying an additional 479,888 shares in the last quarter. BlackRock Inc. raised its stake in shares of Scana Corporation by 3,558.5% in the first quarter. BlackRock Inc. now owns 12,263,023 shares of the utilities provider’s stock worth $801,389,000 after buying an additional 11,927,826 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Scana Corporation by 106.6% in the second quarter. First Trust Advisors LP now owns 1,651,461 shares of the utilities provider’s stock worth $110,664,000 after buying an additional 852,243 shares in the last quarter. Morgan Stanley raised its stake in shares of Scana Corporation by 127.7% in the first quarter. Morgan Stanley now owns 1,473,057 shares of the utilities provider’s stock worth $96,264,000 after buying an additional 826,008 shares in the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in shares of Scana Corporation during the first quarter worth about $91,844,000. Institutional investors and hedge funds own 67.38% of the company’s stock.
Scana Corporation (NYSE:SCG) opened at 62.05 on Thursday. Scana Corporation has a 52 week low of $60.00 and a 52 week high of $75.92. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 14.64 and a beta of 0.25. The firm’s 50-day moving average is $64.48 and its 200 day moving average is $66.77.
Scana Corporation (NYSE:SCG) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.11. Scana Corporation had a net margin of 13.99% and a return on equity of 10.50%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $931.67 million. During the same quarter in the previous year, the company posted $0.74 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts expect that Scana Corporation will post $4.14 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Monday, September 11th will be paid a $0.6125 dividend. This represents a $2.45 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Friday, September 8th. Scana Corporation’s payout ratio is 57.68%.
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A number of equities research analysts recently issued reports on SCG shares. Morgan Stanley dropped their price objective on shares of Scana Corporation from $70.00 to $67.00 and set an “underweight” rating for the company in a report on Tuesday, July 11th. BidaskClub lowered shares of Scana Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) raised shares of Scana Corporation from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $66.00 to $64.00 in a report on Thursday, July 20th. Mizuho reissued an “underperform” rating and issued a $63.00 price objective on shares of Scana Corporation in a report on Friday, July 7th. Finally, Gabelli lowered shares of Scana Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $70.44.
Scana Corporation Company Profile
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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