State of Wisconsin Investment Board reduced its stake in Scana Corporation (NYSE:SCG) by 19.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 217,002 shares of the utilities provider’s stock after selling 52,373 shares during the period. State of Wisconsin Investment Board owned 0.15% of Scana Corporation worth $10,522,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Scana Corporation by 2.3% in the second quarter. Vanguard Group Inc. now owns 13,887,779 shares of the utilities provider’s stock valued at $930,620,000 after purchasing an additional 316,210 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in Scana Corporation by 27.7% in the second quarter. Artisan Partners Limited Partnership now owns 1,794,850 shares of the utilities provider’s stock valued at $120,273,000 after purchasing an additional 389,431 shares during the last quarter. First Trust Advisors LP increased its stake in Scana Corporation by 1.5% in the third quarter. First Trust Advisors LP now owns 1,675,617 shares of the utilities provider’s stock valued at $81,251,000 after purchasing an additional 24,156 shares during the last quarter. Janus Henderson Group PLC increased its stake in Scana Corporation by 6,220.2% in the second quarter. Janus Henderson Group PLC now owns 1,250,396 shares of the utilities provider’s stock valued at $83,789,000 after purchasing an additional 1,230,612 shares during the last quarter. Finally, LSV Asset Management increased its stake in Scana Corporation by 833.9% in the second quarter. LSV Asset Management now owns 1,241,196 shares of the utilities provider’s stock valued at $83,172,000 after purchasing an additional 1,108,296 shares during the last quarter. Institutional investors own 68.12% of the company’s stock.

Scana Corporation (SCG) opened at $44.39 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.77 and a debt-to-equity ratio of 1.12. The stock has a market cap of $6,346.42, a P/E ratio of 10.93, a PEG ratio of 3.05 and a beta of 0.21. Scana Corporation has a 1 year low of $41.15 and a 1 year high of $74.99.

Scana Corporation (NYSE:SCG) last announced its earnings results on Thursday, October 26th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). Scana Corporation had a return on equity of 10.05% and a net margin of 10.45%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the business posted $1.32 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. research analysts predict that Scana Corporation will post 4.17 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Tuesday, December 12th will be issued a dividend of $0.6125 per share. This represents a $2.45 annualized dividend and a dividend yield of 5.52%. The ex-dividend date of this dividend is Monday, December 11th. Scana Corporation’s dividend payout ratio is presently 77.78%.

Several equities analysts have commented on SCG shares. Goldman Sachs Group, Inc. (The) upgraded shares of Scana Corporation from a “sell” rating to a “neutral” rating and dropped their price target for the company from $66.00 to $64.00 in a research note on Thursday, July 20th. BidaskClub upgraded shares of Scana Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Gabelli lowered shares of Scana Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Guggenheim lowered shares of Scana Corporation from a “buy” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Barclays PLC upgraded shares of Scana Corporation from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $65.00 to $73.00 in a research note on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $61.44.

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About Scana Corporation

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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Institutional Ownership by Quarter for Scana Corporation (NYSE:SCG)

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