Scana Corp. (SCG) Stake Increased by Callahan Advisors LLC
Callahan Advisors LLC raised its position in Scana Corp. (NYSE:SCG) by 3.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 64,442 shares of the company’s stock after buying an additional 1,963 shares during the period. Callahan Advisors LLC’s holdings in Scana Corp. were worth $4,876,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Scana Corp. during the fourth quarter worth approximately $35,838,000. Chevy Chase Trust Holdings Inc. boosted its stake in Scana Corp. by 4.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 123,001 shares of the company’s stock worth $8,628,000 after buying an additional 5,731 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Scana Corp. by 15.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 28,324 shares of the company’s stock worth $1,987,000 after buying an additional 3,788 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its stake in Scana Corp. by 8.6% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 34,797 shares of the company’s stock worth $2,441,000 after buying an additional 2,763 shares during the last quarter. Finally, CrestPoint Capital Management LLC acquired a new stake in Scana Corp. during the first quarter worth approximately $253,000. Institutional investors own 64.97% of the company’s stock.
Scana Corp. (NYSE:SCG) traded up 1.29% on Monday, reaching $72.85. The company’s stock had a trading volume of 1,029,679 shares. The stock has a market cap of $10.41 billion, a P/E ratio of 19.72 and a beta of 0.22. The stock has a 50-day moving average of $72.14 and a 200-day moving average of $70.90. Scana Corp. has a one year low of $52.27 and a one year high of $76.41.
Scana Corp. (NYSE:SCG) last announced its earnings results on Thursday, July 28th. The company reported $0.74 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.74. The firm earned $905 million during the quarter, compared to analysts’ expectations of $986.95 million. Scana Corp. had a return on equity of 9.82% and a net margin of 12.88%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. On average, analysts predict that Scana Corp. will post $3.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Monday, September 12th will be issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Thursday, September 8th. Scana Corp.’s dividend payout ratio (DPR) is 62.16%.
SCG has been the topic of a number of research reports. Zacks Investment Research upgraded Scana Corp. from a “sell” rating to a “hold” rating in a research note on Monday, May 23rd. Mizuho boosted their price objective on Scana Corp. from $74.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, June 14th. Morgan Stanley cut Scana Corp. from an “equal weight” rating to an “underweight” rating and set a $67.00 price objective on the stock. in a research note on Wednesday, June 15th. Finally, Williams Capital restated a “buy” rating on shares of Scana Corp. in a research note on Monday, September 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $71.58.
About Scana Corp.
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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