TD Asset Management Inc. reduced its stake in shares of SCANA Co. (NYSE:SCG) by 17.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,439 shares of the utilities provider’s stock after selling 17,252 shares during the period. TD Asset Management Inc. owned 0.06% of SCANA worth $3,997,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of SCG. Willingdon Wealth Management acquired a new stake in shares of SCANA in the third quarter valued at about $112,000. WFG Advisors LP grew its position in shares of SCANA by 60.6% in the second quarter. WFG Advisors LP now owns 1,747 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 659 shares during the last quarter. Fiduciary Trust Co. acquired a new stake in shares of SCANA in the second quarter valued at about $164,000. Pacer Advisors Inc. grew its position in shares of SCANA by 8.3% in the second quarter. Pacer Advisors Inc. now owns 2,641 shares of the utilities provider’s stock valued at $177,000 after purchasing an additional 203 shares during the last quarter. Finally, BB&T Investment Services Inc. acquired a new stake in shares of SCANA in the second quarter valued at about $195,000. Institutional investors own 66.78% of the company’s stock.
Several equities research analysts have recently issued reports on SCG shares. Edward Jones raised SCANA from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. Mizuho raised SCANA from an “underperform” rating to a “neutral” rating and set a $58.50 price target on the stock in a research report on Monday, August 28th. Zacks Investment Research raised SCANA from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Morgan Stanley lifted their target price on SCANA from $58.00 to $59.00 and gave the stock an “underweight” rating in a research report on Thursday, August 10th. Finally, Bank of America started coverage on SCANA in a research report on Tuesday, October 24th. They set a “neutral” rating and a $49.00 target price on the stock. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $61.44.
SCANA Co. (SCG) traded up $0.28 during mid-day trading on Thursday, reaching $43.78. The company had a trading volume of 2,469,200 shares, compared to its average volume of 1,398,120. SCANA Co. has a fifty-two week low of $41.15 and a fifty-two week high of $74.99. The firm has a market capitalization of $6,203.81, a P/E ratio of 10.69, a PEG ratio of 2.98 and a beta of 0.20. The company has a current ratio of 0.88, a quick ratio of 0.77 and a debt-to-equity ratio of 1.12.
SCANA (NYSE:SCG) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). SCANA had a return on equity of 10.05% and a net margin of 10.45%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the business earned $1.32 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. research analysts predict that SCANA Co. will post 4.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Tuesday, December 12th will be given a dividend of $0.6125 per share. This represents a $2.45 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date is Monday, December 11th. SCANA’s dividend payout ratio (DPR) is presently 77.78%.
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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