Nissay Asset Management Corp Japan ADV grew its position in shares of SCANA Co. (NYSE:SCG) by 13.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,772 shares of the utilities provider’s stock after acquiring an additional 1,632 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in SCANA were worth $530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in SCANA during the 1st quarter worth $137,000. IFM Investors Pty Ltd purchased a new position in SCANA during the 2nd quarter worth $200,000. Cetera Advisor Networks LLC purchased a new position in SCANA during the 1st quarter worth $202,000. CIBC World Markets Inc. purchased a new position in SCANA during the 2nd quarter worth $203,000. Finally, Birmingham Capital Management Co. Inc. AL purchased a new position in SCANA during the 2nd quarter worth $204,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on SCG. Mizuho downgraded shares of SCANA from a “buy” rating to a “neutral” rating in a report on Tuesday, August 7th. Zacks Investment Research downgraded shares of SCANA from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. UBS Group lowered their target price on SCANA from $36.00 to $35.00 and set a “sell” rating on the stock in a research note on Friday, August 10th. ValuEngine cut SCANA from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Finally, Williams Capital cut SCANA from a “hold” rating to a “sell” rating and set a $30.00 target price on the stock. in a research note on Tuesday, May 29th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $40.79.

NYSE SCG opened at $38.95 on Friday. The firm has a market cap of $5.38 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 3.59 and a beta of 0.18. SCANA Co. has a one year low of $33.61 and a one year high of $60.84. The company has a current ratio of 0.76, a quick ratio of 0.61 and a debt-to-equity ratio of 1.14.

SCANA (NYSE:SCG) last released its earnings results on Thursday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.08. The company had revenue of $843.00 million for the quarter, compared to analysts’ expectations of $858.45 million. SCANA had a positive return on equity of 10.57% and a negative net margin of 5.50%. The business’s revenue for the quarter was down 15.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. sell-side analysts forecast that SCANA Co. will post 3 EPS for the current fiscal year.

SCANA 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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