Robeco Institutional Asset Management B.V. Has $22,761,000 Stake in Scana Corp. (SCG)
Robeco Institutional Asset Management B.V. held its position in Scana Corp. (NYSE:SCG) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 314,496 shares of the company’s stock at the end of the third quarter. Robeco Institutional Asset Management B.V. owned 0.22% of Scana Corp. worth $22,761,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cribstone Capital Management LLC bought a new position in Scana Corp. during the second quarter worth $102,000. Global X Management Co. LLC increased its position in Scana Corp. by 186.1% in the second quarter. Global X Management Co. LLC now owns 1,456 shares of the company’s stock worth $110,000 after buying an additional 947 shares during the period. NEXT Financial Group Inc increased its position in Scana Corp. by 290.8% in the third quarter. NEXT Financial Group Inc now owns 1,606 shares of the company’s stock worth $116,000 after buying an additional 1,195 shares during the period. Mizuho Asset Management Co. Ltd. increased its position in Scana Corp. by 60.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,832 shares of the company’s stock worth $139,000 after buying an additional 687 shares during the period. Finally, Pacer Advisors Inc. increased its position in Scana Corp. by 10.2% in the second quarter. Pacer Advisors Inc. now owns 2,389 shares of the company’s stock worth $181,000 after buying an additional 222 shares during the period. 64.47% of the stock is currently owned by institutional investors.
Scana Corp. (NYSE:SCG) traded up 0.18% during trading on Tuesday, reaching $72.62. The company’s stock had a trading volume of 174,037 shares. Scana Corp. has a 12 month low of $56.50 and a 12 month high of $76.41. The stock’s 50-day moving average is $70.58 and its 200 day moving average is $71.76. The company has a market cap of $10.38 billion, a P/E ratio of 18.24 and a beta of 0.22.
Scana Corp. (NYSE:SCG) last posted its earnings results on Thursday, October 27th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Scana Corp. had a net margin of 13.77% and a return on equity of 10.71%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 earnings per share. On average, equities analysts forecast that Scana Corp. will post $4.12 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Monday, December 12th will be paid a dividend of $0.575 per share. The ex-dividend date is Thursday, December 8th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 3.18%. Scana Corp.’s payout ratio is presently 57.79%.
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A number of research firms have recently weighed in on SCG. Williams Capital reissued a “buy” rating on shares of Scana Corp. in a research note on Monday, September 12th. Guggenheim assumed coverage on shares of Scana Corp. in a research report on Thursday, November 3rd. They issued a “buy” rating and a $78.00 price objective for the company. Zacks Investment Research upgraded shares of Scana Corp. from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Tuesday, August 16th. Finally, Mizuho lowered their price objective on shares of Scana Corp. from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, October 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Scana Corp. has an average rating of “Hold” and a consensus price target of $73.75.
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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