Canada Pension Plan Investment Board lessened its holdings in SCANA Co. (NYSE:SCG) by 10.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 223,110 shares of the utilities provider’s stock after selling 26,745 shares during the period. Canada Pension Plan Investment Board’s holdings in SCANA were worth $8,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Polaris Greystone Financial Group LLC bought a new stake in SCANA in the 3rd quarter valued at $109,000. Asset Advisors Investment Management LLC bought a new stake in shares of SCANA in the 3rd quarter worth about $117,000. Pinebridge Investments L.P. grew its holdings in shares of SCANA by 258.2% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,457 shares of the utilities provider’s stock worth $134,000 after purchasing an additional 2,492 shares during the last quarter. NEXT Financial Group Inc bought a new stake in shares of SCANA in the 3rd quarter worth about $168,000. Finally, Cerebellum GP LLC bought a new stake in shares of SCANA in the 3rd quarter worth about $197,000. 68.57% of the stock is currently owned by hedge funds and other institutional investors.

SCG opened at $47.35 on Friday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.97 and a current ratio of 1.22. SCANA Co. has a twelve month low of $33.61 and a twelve month high of $49.40. The stock has a market capitalization of $6.75 billion, a PE ratio of 11.27, a PEG ratio of 7.15 and a beta of 0.09.

SCANA (NYSE:SCG) last posted its earnings results on Thursday, October 25th. The utilities provider reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.20. SCANA had a negative net margin of 4.89% and a positive return on equity of 10.04%. The business had revenue of $926.00 million for the quarter. Analysts expect that SCANA Co. will post 2.64 earnings per share for the current year.

The business also recently disclosed a dividend, which will be paid on Wednesday, January 2nd. Shareholders 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 is currently 11.67%.

Several research firms have recently weighed in on SCG. Wolfe Research reaffirmed an “outperform” rating on shares of SCANA in a report on Thursday, September 27th. Zacks Investment Research lowered shares of SCANA from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. ValuEngine raised shares of SCANA from a “strong sell” rating to a “sell” rating in a report on Thursday, October 18th. Williams Capital raised shares of SCANA from a “sell” rating to a “hold” rating and upped their target price for the stock from $30.00 to $49.00 in a report on Monday, November 26th. Finally, Guggenheim raised shares of SCANA from a “neutral” rating to a “buy” rating in a report on Monday, November 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $44.70.

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

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