Pinnacle Financial Partners Inc. cut its stake in shares of SCANA Co. (NYSE:SCG) by 33.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,272 shares of the utilities provider’s stock after selling 3,144 shares during the period. Pinnacle Financial Partners Inc.’s holdings in SCANA were worth $304,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in SCG. Willingdon Wealth Management acquired a new position in shares of SCANA during the third quarter worth $112,000. WFG Advisors LP increased its holdings in shares of SCANA by 60.6% during the second quarter. WFG Advisors LP now owns 1,747 shares of the utilities provider’s stock worth $117,000 after buying an additional 659 shares in the last quarter. Fiduciary Trust Co. bought a new stake in shares of SCANA in the second quarter worth $164,000. Pacer Advisors Inc. grew its stake 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 worth $177,000 after purchasing an additional 203 shares during the last quarter. Finally, BB&T Investment Services Inc. bought a new stake in shares of SCANA in the second quarter worth $195,000. Institutional investors own 66.78% of the company’s stock.
SCANA Co. (NYSE SCG) traded up $0.57 during mid-day trading on Thursday, hitting $44.35. 1,786,884 shares of the stock were exchanged, compared to its average volume of 1,399,767. The company has a market cap of $6,280.00, a PE ratio of 10.69, a PEG ratio of 2.98 and a beta of 0.20. The company has a quick ratio of 0.77, a current ratio of 0.88 and a debt-to-equity ratio of 1.12. SCANA Co. has a one year low of $41.15 and a one year high of $74.99.
SCANA (NYSE:SCG) last posted its earnings results on Thursday, October 26th. The utilities provider reported $1.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.17 by ($0.01). SCANA had a return on equity of 10.05% and a net margin of 10.45%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company earned $1.32 EPS. The company’s revenue was down 1.6% on a year-over-year basis. research analysts forecast that SCANA Co. will post 4.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th will be paid a $0.6125 dividend. The ex-dividend date is Monday, December 11th. This represents a $2.45 annualized dividend and a yield of 5.52%. SCANA’s dividend payout ratio (DPR) is 77.53%.
Several brokerages recently weighed in on SCG. Morgan Stanley boosted their price objective on shares of SCANA from $58.00 to $59.00 and gave the stock an “underweight” rating in a research note on Thursday, August 10th. ValuEngine raised shares of SCANA from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Williams Capital cut shares of SCANA from a “hold” rating to a “sell” rating in a research report on Friday, September 29th. Zacks Investment Research raised shares of SCANA from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Guggenheim raised shares of SCANA from a “sell” rating to a “neutral” rating in a research report on Thursday, November 16th. They noted that the move was a valuation call. 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 company’s stock. SCANA presently has an average rating of “Hold” and an average price target of $61.44.
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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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