Stifel Financial Corp trimmed its position in shares of Scana Corporation (NYSE:SCG) by 9.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,193 shares of the utilities provider’s stock after selling 11,981 shares during the period. Stifel Financial Corp owned approximately 0.08% of Scana Corporation worth $7,668,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SCG. Sigma Planning Corp lifted 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 valued at $219,000 after buying an additional 10 shares during the period. Parallel Advisors LLC lifted 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 valued at $145,000 after buying an additional 13 shares during the period. ING Groep NV lifted 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 valued at $491,000 after buying an additional 26 shares during the period. Gateway Investment Advisers LLC lifted 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 valued at $648,000 after buying an additional 28 shares during the period. Finally, Polaris Greystone Financial Group LLC lifted its stake in shares of Scana Corporation by 0.8% in the second quarter. Polaris Greystone Financial Group LLC now owns 4,665 shares of the utilities provider’s stock valued at $313,000 after buying an additional 35 shares during the period. Institutional investors own 66.66% of the company’s stock.

Several research firms recently weighed in on SCG. Morgan Stanley reiterated an “underweight” rating and issued a $45.00 target price on shares of Scana Corporation in a research note on Wednesday. Williams Capital cut shares of Scana Corporation from a “hold” rating to a “sell” rating in a research note on Friday, September 29th. Zacks Investment Research upgraded shares of Scana Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Mizuho upgraded shares of Scana Corporation from an “underperform” rating to a “neutral” rating and set a $58.50 target price for the company in a research note on Monday, August 28th. Finally, Barclays PLC upgraded shares of Scana Corporation from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $65.00 to $73.00 in a research note on Tuesday, August 1st. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $65.06.

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Shares of Scana Corporation (NYSE:SCG) opened at 48.43 on Friday. The company has a market cap of $6.92 billion, a PE ratio of 11.43 and a beta of 0.23. Scana Corporation has a 1-year low of $47.80 and a 1-year high of $74.99. The company has a 50 day moving average of $57.24 and a 200 day moving average of $63.95.

Scana Corporation (NYSE:SCG) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.85 EPS for the quarter, beating 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 business had revenue of $1 billion for the quarter, compared to analyst estimates of $931.67 million. During the same quarter in the prior year, the business earned $0.74 EPS. Scana Corporation’s quarterly revenue was up 10.6% on a year-over-year basis. Equities analysts expect that Scana Corporation will post $4.16 earnings per share for the current fiscal year.

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

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.

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

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