Thomas Story & Son LLC Holds Position in Scana Corporation (SCG)
Thomas Story & Son LLC held its stake in Scana Corporation (NYSE:SCG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,329 shares of the utilities provider’s stock at the end of the second quarter. Thomas Story & Son LLC’s holdings in Scana Corporation were worth $1,027,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Sigma Planning Corp boosted its stake in Scana Corporation by 0.3% in the second quarter. Sigma Planning Corp now owns 3,266 shares of the utilities provider’s stock worth $219,000 after buying an additional 10 shares in the last quarter. Focused Wealth Management Inc boosted its stake in shares of Scana Corporation by 0.4% in the first quarter. Focused Wealth Management Inc now owns 3,182 shares of the utilities provider’s stock worth $208,000 after buying an additional 12 shares during the period. Parallel Advisors LLC boosted its stake in shares of Scana Corporation by 0.6% in the first quarter. Parallel Advisors LLC now owns 2,235 shares of the utilities provider’s stock worth $145,000 after buying an additional 13 shares during the period. ING Groep NV boosted 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 during the period. Finally, Gateway Investment Advisers LLC boosted its stake in shares of Scana Corporation by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 9,669 shares of the utilities provider’s stock worth $648,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.
Shares of Scana Corporation (NYSE SCG) opened at 60.83 on Friday. Scana Corporation has a one year low of $60.00 and a one year high of $75.92. The firm has a market cap of $8.69 billion, a PE ratio of 14.36 and a beta of 0.25. The firm’s 50-day moving average price is $64.08 and its 200-day moving average price is $66.68.
Scana Corporation (NYSE:SCG) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.11. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $931.67 million. Scana Corporation had a net margin of 13.99% and a return on equity of 10.50%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. Equities research analysts expect that Scana Corporation will post $4.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Monday, September 11th will be given a dividend of $0.6125 per share. This represents a $2.45 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Friday, September 8th. Scana Corporation’s dividend payout ratio is 57.68%.
A number of brokerages have commented on SCG. Morgan Stanley increased their target price on Scana Corporation from $58.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. Mizuho reiterated an “underperform” rating and set a $59.50 target price (up previously from $57.00) on shares of Scana Corporation in a report on Tuesday, August 1st. Barclays PLC upgraded Scana Corporation from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $65.00 to $73.00 in a report on Tuesday, August 1st. Guggenheim cut Scana Corporation from a “buy” rating to a “sell” rating in a report on Friday, July 28th. Finally, Gabelli cut 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 given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price 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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