Geode Capital Management LLC lowered its position in SCANA (NYSE:SCG) by 0.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,493,575 shares of the utilities provider’s stock after selling 6,484 shares during the quarter. Geode Capital Management LLC owned about 1.05% of SCANA worth $59,287,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC purchased a new position in SCANA during the 4th quarter valued at about $109,000. Willingdon Wealth Management purchased a new position in SCANA during the 3rd quarter valued at about $112,000. Dupont Capital Management Corp grew its holdings in SCANA by 241.1% during the 4th quarter. Dupont Capital Management Corp now owns 2,985 shares of the utilities provider’s stock valued at $119,000 after buying an additional 2,110 shares in the last quarter. Amica Retiree Medical Trust grew its holdings in SCANA by 219.1% during the 3rd quarter. Amica Retiree Medical Trust now owns 2,693 shares of the utilities provider’s stock valued at $131,000 after buying an additional 1,849 shares in the last quarter. Finally, Taylor Hoffman Wealth Management purchased a new position in SCANA during the 4th quarter valued at about $167,000. 70.31% of the stock is owned by institutional investors.
Shares of NYSE SCG traded down $1.22 during midday trading on Friday, hitting $37.47. 1,549,721 shares of the company’s stock were exchanged, compared to its average volume of 1,660,323. SCANA has a 12-month low of $34.76 and a 12-month high of $71.28. The company has a current ratio of 0.88, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $5,518.68, a price-to-earnings ratio of 8.92, a PEG ratio of 3.86 and a beta of 0.21.
SCANA (NYSE:SCG) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.03. SCANA had a positive return on equity of 10.61% and a negative net margin of 2.70%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. SCANA’s revenue was up 9.6% on a year-over-year basis. analysts predict that SCANA will post 2.86 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, April 1st. Stockholders of record on Monday, March 12th were issued a dividend of $0.6125 per share. This represents a $2.45 annualized dividend and a dividend yield of 6.54%. The ex-dividend date was Friday, March 9th. SCANA’s payout ratio is 58.33%.
A number of research firms have weighed in on SCG. ValuEngine lowered SCANA from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Mizuho reaffirmed a “hold” rating and set a $35.50 target price on shares of SCANA in a report on Monday, April 2nd. UBS began coverage on SCANA in a report on Friday, February 2nd. They set a “sell” rating and a $38.00 target price for the company. Zacks Investment Research raised SCANA from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 17th. Finally, Wells Fargo lowered SCANA from an “outperform” rating to a “market perform” rating and set a $51.00 target price for the company. in a report on Friday, January 5th. Four 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. The stock has an average rating of “Hold” and an average price target of $50.69.
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SCANA Company Profile
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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