Oppenheimer & Co. Inc. decreased its holdings in SCANA Co. (NYSE:SCG) by 17.4% in the second quarter, HoldingsChannel.com reports. The fund owned 18,476 shares of the utilities provider’s stock after selling 3,894 shares during the period. Oppenheimer & Co. Inc.’s holdings in SCANA were worth $711,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. lifted its stake in SCANA by 3.7% in the second quarter. BlackRock Inc. now owns 12,493,290 shares of the utilities provider’s stock worth $481,241,000 after acquiring an additional 442,473 shares during the period. Bank of New York Mellon Corp lifted its stake in SCANA by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 2,525,973 shares of the utilities provider’s stock worth $97,301,000 after acquiring an additional 32,708 shares during the period. UBS Group AG lifted its stake in SCANA by 1,477.8% in the first quarter. UBS Group AG now owns 1,484,463 shares of the utilities provider’s stock worth $55,742,000 after acquiring an additional 1,390,379 shares during the period. Alps Advisors Inc. lifted its stake in SCANA by 6.4% in the second quarter. Alps Advisors Inc. now owns 1,333,651 shares of the utilities provider’s stock worth $51,372,000 after acquiring an additional 79,685 shares during the period. Finally, Legal & General Group Plc lifted its stake in SCANA by 6.8% in the first quarter. Legal & General Group Plc now owns 1,229,358 shares of the utilities provider’s stock worth $46,067,000 after acquiring an additional 78,114 shares during the period. 69.86% of the stock is owned by institutional investors.

Shares of SCANA stock opened at $36.60 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.76 and a debt-to-equity ratio of 1.14. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 3.33 and a beta of 0.10. SCANA Co. has a 12 month low of $33.61 and a 12 month high of $59.86.

SCANA (NYSE:SCG) last announced its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.59 by $0.08. The business had revenue of $843.00 million during the quarter, compared to analyst estimates of $858.45 million. SCANA had a positive return on equity of 10.57% and a negative net margin of 5.50%. The company’s revenue for the quarter was down 15.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 earnings per share. sell-side analysts anticipate that SCANA Co. will post 3.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Monday, September 10th will be given a dividend of $0.1237 per share. This represents a $0.49 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, September 7th. SCANA’s dividend payout ratio is currently 11.67%.

A number of analysts recently commented on the company. Zacks Investment Research lowered SCANA from a “buy” rating to a “hold” rating in a research note on Wednesday, May 23rd. Mizuho lowered SCANA from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 7th. Williams Capital lowered SCANA from a “hold” rating to a “sell” rating and set a $30.00 price target for the company. in a research note on Tuesday, May 29th. Finally, UBS Group dropped their price target on SCANA from $36.00 to $35.00 and set a “sell” rating for the company in a research note on Friday, August 10th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $40.79.

SCANA Company Profile

SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in the United States. The company owns nuclear, coal, hydro, natural gas, oil, biomass, and solar generating facilities. It also purchases, sells, and transports natural gas; and offers energy-related services.

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Institutional Ownership by Quarter for SCANA (NYSE:SCG)

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