LMR Partners LLP Has $772,000 Position in Scana Corporation (SCG)
LMR Partners LLP boosted its position in shares of Scana Corporation (NYSE:SCG) by 181.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,522 shares of the utilities provider’s stock after buying an additional 7,426 shares during the period. LMR Partners LLP’s holdings in Scana Corporation were worth $772,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV purchased a new position in Scana Corporation during the first quarter worth $112,000. Jolley Asset Management LLC boosted its position in Scana Corporation by 25.1% in the second quarter. Jolley Asset Management LLC now owns 1,995 shares of the utilities provider’s stock worth $134,000 after buying an additional 400 shares during the last quarter. Parallel Advisors LLC boosted its position in Scana Corporation by 0.6% in the first quarter. Parallel Advisors LLC now owns 2,235 shares of the utilities provider’s stock worth $145,000 after buying an additional 13 shares during the last quarter. Pacer Advisors Inc. boosted its position in Scana Corporation by 3.3% in the first quarter. Pacer Advisors Inc. now owns 2,438 shares of the utilities provider’s stock worth $159,000 after buying an additional 77 shares during the last quarter. Finally, Bridgeworth LLC purchased a new position in Scana Corporation during the first quarter worth $210,000. 67.38% of the stock is owned by institutional investors.
Shares of Scana Corporation (NYSE:SCG) opened at 60.83 on Monday. The stock has a 50 day moving average of $64.08 and a 200-day moving average of $66.68. Scana Corporation has a 52 week low of $60.00 and a 52 week high of $75.92. The firm has a market cap of $8.69 billion, a price-to-earnings ratio of 14.36 and a beta of 0.25.
Scana Corporation (NYSE:SCG) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $931.67 million. Scana Corporation had a net margin of 13.99% and a return on equity of 10.50%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the business posted $0.74 EPS. Equities research analysts expect that Scana Corporation will post $4.19 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Monday, September 11th will be given a $0.6125 dividend. The ex-dividend date is Friday, September 8th. This represents a $2.45 annualized dividend and a yield of 4.03%. Scana Corporation’s dividend payout ratio is 57.68%.
A number of equities analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Scana Corporation from $58.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 10th. BidaskClub cut shares of Scana Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Mizuho reissued an “underperform” rating and issued a $59.50 price objective (up from $57.00) on shares of Scana Corporation in a research report on Tuesday, August 1st. Barclays PLC raised shares of Scana Corporation from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $65.00 to $73.00 in a research report on Tuesday, August 1st. Finally, Gabelli cut shares of Scana Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $70.44.
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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