Carroll Financial Associates Inc. Sells 20,075 Shares of Scana Corporation (SCG)

Carroll Financial Associates Inc. lowered its position in Scana Corporation (NYSE:SCG) by 44.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,595 shares of the utilities provider’s stock after selling 20,075 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Scana Corporation were worth $1,239,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Scana Corporation by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 13,887,779 shares of the utilities provider’s stock worth $930,620,000 after acquiring an additional 316,210 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in Scana Corporation by 27.7% during the 2nd 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 in the last quarter. First Trust Advisors LP grew its holdings in Scana Corporation by 1.5% during the 3rd quarter. First Trust Advisors LP now owns 1,675,617 shares of the utilities provider’s stock worth $81,251,000 after acquiring an additional 24,156 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Scana Corporation by 6,220.2% during the 2nd quarter. Janus Henderson Group PLC now owns 1,250,396 shares of the utilities provider’s stock worth $83,789,000 after acquiring an additional 1,230,612 shares in the last quarter. Finally, LSV Asset Management grew its holdings in Scana Corporation by 833.9% during the 2nd quarter. LSV Asset Management now owns 1,241,196 shares of the utilities provider’s stock worth $83,172,000 after acquiring an additional 1,108,296 shares in the last quarter. 67.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of Scana Corporation (NYSE:SCG) opened at $43.94 on Friday. The company has a market cap of $6,360.69, a P/E ratio of 10.96, a PEG ratio of 3.04 and a beta of 0.21. Scana Corporation has a one year low of $41.15 and a one year high of $74.99. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.41 and a current ratio of 0.88.

Scana Corporation (NYSE:SCG) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.17 billion. Scana Corporation had a return on equity of 10.05% and a net margin of 10.45%. Scana Corporation’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.32 EPS. research analysts forecast that Scana Corporation will post 4.19 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Tuesday, December 12th will be paid a $0.6125 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $2.45 dividend on an annualized basis and a yield of 5.58%. Scana Corporation’s dividend payout ratio is currently 77.78%.

SCG has been the subject of several analyst reports. TheStreet lowered shares of Scana Corporation from a “b-” rating to a “c+” rating in a research report on Monday, October 23rd. Gabelli lowered shares of Scana Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Williams Capital decreased their price target on shares of Scana Corporation from $70.00 to $50.00 and set a “hold” rating for the company in a research report on Wednesday, September 27th. Zacks Investment Research raised shares of Scana Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Scana Corporation from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $66.00 to $64.00 in a research report on Thursday, July 20th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Scana Corporation has a consensus rating of “Hold” and an average target price of $61.44.

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Scana Corporation 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.

Institutional Ownership by Quarter for Scana Corporation (NYSE:SCG)

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