DnB Asset Management AS cut its holdings in shares of SCANA Co. (NYSE:SCG) by 46.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,399 shares of the utilities provider’s stock after selling 11,600 shares during the quarter. DnB Asset Management AS’s holdings in SCANA were worth $533,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new stake in shares of SCANA in the third quarter worth about $459,000. Public Employees Retirement System of Ohio increased its holdings in shares of SCANA by 10.4% in the third quarter. Public Employees Retirement System of Ohio now owns 64,007 shares of the utilities provider’s stock worth $3,104,000 after purchasing an additional 6,005 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of SCANA in the third quarter worth about $595,000. California Public Employees Retirement System increased its holdings in shares of SCANA by 9.2% in the third quarter. California Public Employees Retirement System now owns 307,041 shares of the utilities provider’s stock worth $14,888,000 after purchasing an additional 25,841 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of SCANA in the third quarter worth about $3,113,000. 66.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of SCANA Co. (NYSE SCG) opened at $42.31 on Wednesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.77 and a current ratio of 0.88. SCANA Co. has a 52 week low of $37.10 and a 52 week high of $72.89. The firm has a market capitalization of $6,050.00, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 4.04 and a beta of 0.20.
SCANA (NYSE:SCG) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.16 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm earned $1.32 earnings per share. The company’s revenue was down 1.6% compared to the same quarter last year. equities analysts predict that SCANA Co. will post 4.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th were paid a dividend of $0.6125 per share. The ex-dividend date was Monday, December 11th. This represents a $2.45 annualized dividend and a yield of 5.79%. SCANA’s payout ratio is currently 77.53%.
Several brokerages have recently issued reports on SCG. Morgan Stanley reaffirmed an “underweight” rating and issued a $45.00 target price on shares of SCANA in a report on Wednesday, October 4th. Edward Jones raised SCANA from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Guggenheim raised SCANA from a “sell” rating to a “neutral” rating in a report on Thursday, November 16th. They noted that the move was a valuation call. TheStreet cut SCANA from a “b-” rating to a “c+” rating in a report on Monday, October 23rd. Finally, ValuEngine raised SCANA from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. SCANA has a consensus rating of “Hold” and an average target price of $58.94.
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SCANA Company Profile
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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