Matthew Goff Investment Advisor LLC bought a new stake in shares of SCANA Co. (NYSE:SCG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 29,429 shares of the utilities provider’s stock, valued at approximately $764,000.
Several other hedge funds have also added to or reduced their stakes in SCG. Aviva PLC grew its position in shares of SCANA by 2.1% during the 2nd quarter. Aviva PLC now owns 69,512 shares of the utilities provider’s stock valued at $2,678,000 after acquiring an additional 1,399 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of SCANA by 2.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 58,113 shares of the utilities provider’s stock valued at $2,239,000 after buying an additional 1,514 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in SCANA by 13.4% during the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 13,772 shares of the utilities provider’s stock valued at $530,000 after purchasing an additional 1,632 shares during the last quarter. People s United Financial Inc. bought a new position in SCANA during the 2nd quarter valued at about $13,802,000. Finally, United Services Automobile Association grew its stake in SCANA by 2.1% in the 3rd quarter. United Services Automobile Association now owns 81,475 shares of the utilities provider’s stock worth $3,169,000 after acquiring an additional 1,667 shares in the last quarter. Hedge funds and other institutional investors own 68.57% of the company’s stock.
A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of SCANA from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. ValuEngine upgraded shares of SCANA from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 18th. Mizuho reissued a “buy” rating and issued a $48.50 price target on shares of SCANA in a research note on Tuesday, November 27th. Wolfe Research reaffirmed an “outperform” rating on shares of SCANA in a research note on Thursday, September 27th. Finally, Williams Capital raised shares of SCANA from a “sell” rating to a “hold” rating and boosted their price target for the company from $30.00 to $49.00 in a research note on Monday, November 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $44.70.
Shares of SCG traded up $0.15 during mid-day trading on Thursday, reaching $47.45. 91,816 shares of the stock traded hands, compared to its average volume of 1,356,648. SCANA Co. has a 12-month low of $33.61 and a 12-month high of $49.40. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $6.75 billion, a P/E ratio of 11.27, a P/E/G ratio of 7.15 and a beta of 0.09.
SCANA (NYSE:SCG) last issued its quarterly earnings data on Thursday, October 25th. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.20. The business had revenue of $926.00 million for the quarter. SCANA had a negative net margin of 4.89% and a positive return on equity of 10.04%. Equities analysts expect that SCANA Co. will post 2.64 earnings per share for the current fiscal year.
The firm also recently declared a dividend, which will be paid on Wednesday, January 2nd. 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. SCANA’s dividend payout ratio (DPR) is presently 11.67%.
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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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