Parametric Portfolio Associates LLC increased its stake in Scana Corporation (NYSE:SCG) by 16.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,474 shares of the utilities provider’s stock after acquiring an additional 39,911 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.20% of Scana Corporation worth $19,197,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SCG. BlackRock Inc. boosted its holdings in shares of Scana Corporation by 3,558.5% in the first quarter. BlackRock Inc. now owns 12,263,023 shares of the utilities provider’s stock valued at $801,389,000 after acquiring an additional 11,927,826 shares in the last quarter. LSV Asset Management boosted its holdings in shares of 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 acquiring an additional 1,108,296 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Scana Corporation by 1,365.8% in the second quarter. Nordea Investment Management AB now owns 1,100,102 shares of the utilities provider’s stock valued at $73,718,000 after acquiring an additional 1,025,052 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Scana Corporation by 106.6% in the second quarter. First Trust Advisors LP now owns 1,651,461 shares of the utilities provider’s stock valued at $110,664,000 after acquiring an additional 852,243 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Scana Corporation by 127.7% in the first quarter. Morgan Stanley now owns 1,473,057 shares of the utilities provider’s stock valued at $96,264,000 after acquiring an additional 826,008 shares in the last quarter. Institutional investors and hedge funds own 66.66% of the company’s stock.

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Shares of Scana Corporation (NYSE:SCG) opened at 48.42 on Thursday. The company’s 50-day moving average is $57.63 and its 200-day moving average is $64.06. Scana Corporation has a one year low of $47.80 and a one year high of $74.99. The company has a market capitalization of $6.92 billion, a PE ratio of 11.43 and a beta of 0.23.

Scana Corporation (NYSE:SCG) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.11. Scana Corporation had a net margin of 13.99% and a return on equity of 10.50%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $931.67 million. During the same period in the previous year, the firm posted $0.74 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Equities analysts predict that Scana Corporation will post $4.17 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Sunday, October 1st. Investors of record on Monday, September 11th were paid a dividend of $0.6125 per share. This represents a $2.45 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date was Friday, September 8th. Scana Corporation’s dividend payout ratio (DPR) is 57.92%.

SCG has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Scana Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Mizuho upgraded shares of Scana Corporation from an “underperform” rating to a “neutral” rating and set a $58.50 price objective for the company in a report on Monday, August 28th. BidaskClub upgraded shares of Scana Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Morgan Stanley increased their price objective on shares of Scana Corporation from $58.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. Finally, Guggenheim cut shares of Scana Corporation from a “buy” rating to a “sell” rating in a report on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $65.06.

Scana Corporation Profile

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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