IFP Advisors Inc reduced its stake in SCANA Co. (NYSE:SCG) by 10.5% during the third quarter, HoldingsChannel.com reports. The fund owned 13,995 shares of the utilities provider’s stock after selling 1,645 shares during the period. IFP Advisors Inc’s holdings in SCANA were worth $544,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. People s United Financial Inc. acquired a new position in shares of SCANA in the second quarter worth approximately $13,802,000. Polaris Greystone Financial Group LLC acquired a new position in SCANA in the third quarter valued at approximately $109,000. Pinebridge Investments L.P. lifted its stake in SCANA by 258.2% in the second quarter. Pinebridge Investments L.P. now owns 3,457 shares of the utilities provider’s stock valued at $134,000 after buying an additional 2,492 shares during the period. Whittier Trust Co. lifted its stake in SCANA by 53.4% in the second quarter. Whittier Trust Co. now owns 3,835 shares of the utilities provider’s stock valued at $206,000 after buying an additional 1,335 shares during the period. Finally, NEXT Financial Group Inc acquired a new position in SCANA in the third quarter valued at approximately $168,000. 69.67% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on SCG shares. Mizuho lowered SCANA from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 7th. Zacks Investment Research lowered SCANA from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. UBS Group dropped their price target on SCANA from $36.00 to $35.00 and set a “sell” rating on the stock in a research note on Friday, August 10th. Wolfe Research reissued an “outperform” rating on shares of SCANA in a research note on Thursday, September 27th. Finally, ValuEngine raised SCANA from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 18th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $38.30.
Shares of SCG opened at $40.01 on Friday. SCANA Co. has a 52-week low of $33.61 and a 52-week high of $49.40. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 6.05 and a beta of 0.05.
SCANA (NYSE:SCG) last released its quarterly earnings data on Thursday, October 25th. The utilities provider reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.20. The firm had revenue of $926.00 million during the quarter. SCANA had a positive return on equity of 8.91% and a negative net margin of 4.89%. Equities analysts predict that SCANA Co. will post 2.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 1st. Stockholders of record on Monday, December 10th will be issued a dividend of $0.1237 per share. The ex-dividend date is Friday, December 7th. This represents a $0.49 annualized dividend and a dividend yield of 1.24%. SCANA’s dividend payout ratio is 11.67%.
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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