BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in SCANA Co. (NYSE:SCG) by 70.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,823 shares of the utilities provider’s stock after acquiring an additional 28,000 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in SCANA were worth $3,289,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Engineers Gate Manager LP boosted its stake in SCANA by 2,999.9% in the third quarter. Engineers Gate Manager LP now owns 110,512 shares of the utilities provider’s stock worth $5,359,000 after purchasing an additional 106,947 shares in the last quarter. BB&T Investment Services Inc. boosted its stake in SCANA by 51.4% in the third quarter. BB&T Investment Services Inc. now owns 4,379 shares of the utilities provider’s stock worth $207,000 after purchasing an additional 1,487 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of SCANA by 3.1% during the third quarter. Stifel Financial Corp now owns 118,760 shares of the utilities provider’s stock valued at $5,780,000 after acquiring an additional 3,567 shares during the period. San Francisco Sentry Investment Group CA lifted its stake in shares of SCANA by 1,723.4% during the third quarter. San Francisco Sentry Investment Group CA now owns 4,595 shares of the utilities provider’s stock valued at $223,000 after acquiring an additional 4,343 shares during the period. Finally, FDO Partners LLC acquired a new position in shares of SCANA during the third quarter valued at $770,000. 66.78% of the stock is currently owned by institutional investors.

Shares of SCANA Co. (NYSE SCG) traded up $1.64 during trading on Friday, hitting $44.42. The company’s stock had a trading volume of 8,213,676 shares, compared to its average volume of 2,197,518. SCANA Co. has a 12 month low of $41.15 and a 12 month high of $74.99. The company has a market capitalization of $6,101.13, a P/E ratio of 10.51, a P/E/G ratio of 2.93 and a beta of 0.20. The company has a quick ratio of 0.77, a current ratio of 0.88 and a debt-to-equity ratio of 1.12.

SCANA (NYSE:SCG) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.01). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.17 billion. SCANA had a return on equity of 10.05% and a net margin of 10.45%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.32 earnings per share. equities research analysts expect that SCANA Co. will post 4.18 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Tuesday, December 12th will be issued a dividend of $0.6125 per share. The ex-dividend date is Monday, December 11th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 5.52%. SCANA’s payout ratio is presently 77.78%.

Several equities analysts have recently issued reports on SCG shares. Williams Capital cut their price target on SCANA from $70.00 to $50.00 and set a “hold” rating on the stock in a research note on Wednesday, September 27th. Mizuho raised SCANA from an “underperform” rating to a “neutral” rating and set a $58.50 price target on the stock in a research note on Monday, August 28th. Zacks Investment Research raised SCANA from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Bank of America began coverage on SCANA in a research note on Tuesday, October 24th. They set a “neutral” rating and a $49.00 price target on the stock. Finally, ValuEngine upgraded SCANA from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $61.44.

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SCANA 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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Institutional Ownership by Quarter for SCANA (NYSE:SCG)

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