Economy

Hennessy Advisors Inc. Sells 3500 Shares of Scana Corporation (SCG)

Hennessy Advisors Inc. Sells 3500 Shares of Scana Corporation (SCG)”

As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Scana Corporation (NYSE:SCG). Finally, Morgan Stanley grew its stake in shares of Scana Corporation by 127.7% during the 1st 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. BlackRock Inc. grew its stake in shares of Scana Corporation by 3,558.5% during the 1st quarter. Artisan Partners Limited Partnership now owns 1,794,850 shares of the utilities provider's stock worth $120,273,000 after acquiring an additional 389,431 shares during the period. WFG Advisors LP raised its stake in Scana Corporation by 60.6% in the 2nd quarter. First Trust Advisors LP now owns 1,651,461 shares of the utilities provider's stock worth $110,664,000 after acquiring an additional 852,243 shares during the period. US Bancorp DE grew its position in Scana Corporation by 7.8% during the first quarter. As of the end of the quarter Institutional & Family Asset Management, LLC had acquired a total of 3,938 shares growing its stake by 7.4%. 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 in the last quarter. Institutional investors and hedge funds own 66.66% of the company's stock.

TRADEMARK VIOLATION WARNING: This story was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. Morgan Stanley maintained the shares of SCG in report on Tuesday, July 11 with "Underweight" rating. If you are reading this story on another website, it was illegally copied and reposted in violation of U.S. and global copyright and trademark laws.

On September 18 the stock rating was downgraded from " to "Hold" by analysts at Williams Capital.

SCG has been the topic of a number of recent research reports. The funds in our partner's database now hold: 93.24 million shares, down from 95.77 million shares in 2017Q1.

Receive Scana Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scana Corporation with MarketBeat.com's FREE daily email newsletter. Mizuho maintained the shares of SCG in report on Friday, October 28 with "Buy" rating. Morgan Stanley boosted their price target on shares of Scana Corporation from $58.00 to $59.00 and gave the stock an "underweight" rating in a report on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. Barclays PLC upgraded 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 note on Tuesday, August 1st. The stock has "Buy" rating by Mizuho on Monday, February 8. SCANA Corporation (NYSE:SCG) has declined 4.13% since September 21, 2016 and is downtrending. The company's 50 day moving average is $61.10 and its 200-day moving average is $65.28.

The P/E ratio is now 13.15 and the market cap of the company is 7.96B. Mizuho reiterated an "underperform" rating and set a $59.50 target price (up previously from $57.00) on shares of Scana Corporation in a research note on Tuesday, August 1st. Scana Corporation posted earnings of $1.32 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 14.4%. As of the latest earnings report the EPS was $4.24 and is expected to be $4.19 for the current year with 142,916,000 shares now outstanding. The Q4 2017 consensus earnings estimates for the company have stabilized at US$0.91 per share.

01/24/2017 - Scana Corporation was downgraded to "neutral" by analysts at Macquarie. Scana Corporation's quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. The dividend yield will be $4.21. The ex-dividend date is Friday, September 8th. Scana Corporation's dividend payout ratio is now 57.92%.

The utilities provider posted $0.85 EPS (EPS) for the period, beating analysts' average forecasts of $0.74 by $0.11. the company reported sales of $1 B for the period, compared to the average forecast of $931.67 M. Scana Corporation had a net profit margin of 13.99% and a ROE of 10.50%. The Company, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in SC.



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