Texas Permanent School Fund reduced its holdings in shares of SCANA Co. (NYSE:SCG) by 8.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,018 shares of the utilities provider’s stock after selling 2,788 shares during the quarter. Texas Permanent School Fund’s holdings in SCANA were worth $1,245,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in SCG. Polaris Greystone Financial Group LLC acquired a new position in shares of SCANA during the 3rd quarter worth about $109,000. Pinebridge Investments L.P. boosted its position in shares of SCANA by 258.2% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,457 shares of the utilities provider’s stock worth $134,000 after acquiring an additional 2,492 shares in the last quarter. NEXT Financial Group Inc acquired a new position in shares of SCANA during the 3rd quarter worth about $168,000. Cerebellum GP LLC acquired a new position in shares of SCANA during the 3rd quarter worth about $197,000. Finally, IFM Investors Pty Ltd acquired a new position in shares of SCANA during the 2nd quarter worth about $200,000. 69.74% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on SCG. ValuEngine raised SCANA from a “strong sell” rating to a “sell” rating in a research report on Monday, October 29th. Zacks Investment Research cut SCANA from a “hold” rating to a “sell” rating in a research report on Thursday, October 25th. Mizuho raised SCANA from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 9th. UBS Group raised SCANA from a “sell” rating to a “neutral” rating in a research report on Friday, September 28th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of SCANA in a research report on Thursday, September 27th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $38.30.
Shares of NYSE SCG opened at $40.18 on Friday. The stock has a market capitalization of $5.80 billion, a P/E ratio of 12.21, a PEG ratio of 6.15 and a beta of 0.05. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 2.24. SCANA Co. has a 52-week low of $33.61 and a 52-week high of $49.40.
SCANA (NYSE:SCG) last announced its earnings results on Thursday, October 25th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.20. The firm had revenue of $926.00 million during the quarter. SCANA had a positive return on equity of 10.04% and a negative net margin of 4.89%. As a group, research analysts forecast that SCANA Co. will post 2.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 1st. Investors of record on Monday, December 10th will be given a $0.1237 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $0.49 dividend on an annualized basis and a dividend yield of 1.23%. SCANA’s dividend payout ratio (DPR) is presently 11.67%.
SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in the United States. The company owns nuclear, coal, hydro, natural gas, oil, biomass, and solar generating facilities. It also purchases, sells, and transports natural gas; and offers energy-related services.
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