Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Scana Corporation (NYSE:SCG) by 0.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,618 shares of the utilities provider’s stock after buying an additional 17 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Scana Corporation were worth $712,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Sigma Planning Corp boosted its stake in shares of Scana Corporation by 0.3% in the second quarter. Sigma Planning Corp now owns 3,266 shares of the utilities provider’s stock worth $219,000 after acquiring an additional 10 shares during the last quarter. Focused Wealth Management Inc boosted its stake in shares of Scana Corporation by 0.4% in the first quarter. Focused Wealth Management Inc now owns 3,182 shares of the utilities provider’s stock worth $208,000 after acquiring an additional 12 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of 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 acquiring an additional 13 shares during the last quarter. ING Groep NV boosted its stake in shares of Scana Corporation by 0.4% in the second quarter. ING Groep NV now owns 7,320 shares of the utilities provider’s stock worth $491,000 after acquiring an additional 26 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its stake in shares of Scana Corporation by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 9,669 shares of the utilities provider’s stock worth $648,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 66.70% of the company’s stock.

Scana Corporation (NYSE SCG) opened at 59.84 on Friday. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of 14.12 and a beta of 0.27. Scana Corporation has a 1-year low of $58.55 and a 1-year high of $75.92. The firm’s 50-day moving average price is $61.35 and its 200-day moving average price is $65.50.

Scana Corporation (NYSE:SCG) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $931.67 million. Scana Corporation had a return on equity of 10.50% and a net margin of 13.99%. Scana Corporation’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. On average, equities research analysts anticipate that Scana Corporation will post $4.19 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Monday, September 11th will be issued a dividend of $0.6125 per share. This represents a $2.45 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Friday, September 8th. Scana Corporation’s dividend payout ratio (DPR) is presently 57.92%.

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A number of analysts have recently issued reports on the company. Zacks Investment Research raised Scana Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday. Mizuho raised Scana Corporation from an “underperform” rating to a “neutral” rating and set a $58.50 price target on the stock in a research note on Monday, August 28th. Morgan Stanley lifted their price target on Scana Corporation from $58.00 to $59.00 and gave the stock an “underweight” rating in a research note on Thursday, August 10th. Barclays PLC raised Scana Corporation from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $65.00 to $73.00 in a research note on Tuesday, August 1st. Finally, Guggenheim lowered Scana Corporation from a “buy” rating to a “sell” rating in a research note on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Scana Corporation has a consensus rating of “Hold” and a consensus target price of $70.31.

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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