Johnson Financial Group Inc. lowered its stake in SCANA Co. (NYSE:SCG) by 28.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,824 shares of the utilities provider’s stock after selling 6,272 shares during the quarter. Johnson Financial Group Inc.’s holdings in SCANA were worth $629,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. SeaCrest Wealth Management LLC bought a new position in shares of SCANA in the fourth quarter worth about $109,000. Willingdon Wealth Management bought a new position in shares of SCANA in the third quarter worth about $112,000. Dupont Capital Management Corp lifted its holdings in shares of SCANA by 241.1% in the fourth quarter. Dupont Capital Management Corp now owns 2,985 shares of the utilities provider’s stock worth $119,000 after acquiring an additional 2,110 shares during the last quarter. Amica Retiree Medical Trust lifted its holdings in shares of SCANA by 219.1% in the third quarter. Amica Retiree Medical Trust now owns 2,693 shares of the utilities provider’s stock worth $131,000 after acquiring an additional 1,849 shares during the last quarter. Finally, Taylor Hoffman Wealth Management bought a new position in shares of SCANA in the fourth quarter worth about $167,000. 64.10% of the stock is owned by hedge funds and other institutional investors.
SCANA Co. (NYSE SCG) opened at $39.93 on Friday. SCANA Co. has a 52 week low of $34.76 and a 52 week high of $71.28. The company has a quick ratio of 0.77, a current ratio of 0.88 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $5,186.46, a P/E ratio of 8.92, a PEG ratio of 3.36 and a beta of 0.20.
SCANA (NYSE:SCG) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.03. SCANA had a return on equity of 10.05% and a net margin of 10.45%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The firm’s revenue was up 9.6% compared to the same quarter last year. analysts expect that SCANA Co. will post 4.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Monday, March 12th will be paid a $0.6125 dividend. This represents a $2.45 annualized dividend and a dividend yield of 6.14%. SCANA’s dividend payout ratio is currently 77.78%.
A number of research analysts have recently commented on the stock. Edward Jones raised shares of SCANA from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Guggenheim raised shares of 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. ValuEngine cut shares of SCANA from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Mizuho reissued a “hold” rating and issued a $46.50 target price on shares of SCANA in a report on Thursday, January 11th. Finally, Zacks Investment Research cut shares of SCANA from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 2nd. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. SCANA presently has a consensus rating of “Hold” and a consensus price target of $52.06.
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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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