Guggenheim Capital LLC boosted its holdings in shares of SCANA (NYSE:SCG) by 81.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,407,611 shares of the utilities provider’s stock after buying an additional 630,772 shares during the quarter. Guggenheim Capital LLC owned approximately 0.98% of SCANA worth $55,994,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in SCG. Thompson Siegel & Walmsley LLC boosted its position in shares of SCANA by 139.2% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,682,139 shares of the utilities provider’s stock worth $130,057,000 after acquiring an additional 1,560,863 shares during the last quarter. Bank of New York Mellon Corp raised its stake in SCANA by 18.0% during the fourth quarter. Bank of New York Mellon Corp now owns 2,559,975 shares of the utilities provider’s stock valued at $101,837,000 after purchasing an additional 389,768 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of SCANA in the fourth quarter valued at $69,408,000. Rare Infrastructure Ltd raised its stake in shares of SCANA by 71,338.9% in the fourth quarter. Rare Infrastructure Ltd now owns 1,130,877 shares of the utilities provider’s stock valued at $44,987,000 after acquiring an additional 1,129,294 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of SCANA by 2.4% in the third quarter. Nordea Investment Management AB now owns 1,126,575 shares of the utilities provider’s stock valued at $54,628,000 after acquiring an additional 26,473 shares during the period. Institutional investors own 70.31% of the company’s stock.
Several brokerages have recently weighed in on SCG. Wells Fargo downgraded shares of SCANA from an “outperform” rating to a “market perform” rating and set a $51.00 target price on the stock. in a research note on Friday, January 5th. Mizuho reaffirmed a “hold” rating and issued a $46.50 price target on shares of SCANA in a research note on Thursday, January 11th. Zacks Investment Research raised shares of SCANA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 17th. ValuEngine downgraded shares of SCANA from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, UBS initiated coverage on shares of SCANA in a report on Friday, February 2nd. They set a “sell” rating and a $38.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $50.69.
Shares of SCANA stock opened at $37.47 on Friday. SCANA has a 52 week low of $34.76 and a 52 week high of $71.28. The company has a quick ratio of 0.73, a current ratio of 0.88 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $5,407.42, a P/E ratio of 8.92, a P/E/G ratio of 3.79 and a beta of 0.21.
SCANA (NYSE:SCG) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.03. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. SCANA had a negative net margin of 2.70% and a positive return on equity of 10.61%. SCANA’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $0.87 EPS. analysts expect that SCANA will post 2.86 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Monday, March 12th were paid a $0.6125 dividend. The ex-dividend date was Friday, March 9th. This represents a $2.45 dividend on an annualized basis and a yield of 6.54%. SCANA’s dividend payout ratio is currently 58.33%.
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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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