Great West Life Assurance Co. Can grew its stake in shares of SCANA Co. (NYSE:SCG) by 7.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 342,584 shares of the utilities provider’s stock after acquiring an additional 23,569 shares during the period. Great West Life Assurance Co. Can owned about 0.24% of SCANA worth $16,852,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in SCG. Dimensional Fund Advisors LP grew its position in shares of SCANA by 6.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 318,371 shares of the utilities provider’s stock valued at $20,806,000 after acquiring an additional 18,686 shares during the period. Nisa Investment Advisors LLC grew its position in shares of SCANA by 51.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 7,400 shares of the utilities provider’s stock valued at $496,000 after acquiring an additional 2,500 shares during the period. Louisiana State Employees Retirement System grew its position in shares of SCANA by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the utilities provider’s stock valued at $596,000 after acquiring an additional 100 shares during the period. ING Groep NV grew its position in shares of SCANA by 0.4% during the 2nd quarter. ING Groep NV now owns 7,320 shares of the utilities provider’s stock valued at $491,000 after acquiring an additional 26 shares during the period. Finally, Shell Asset Management Co. grew its position in shares of SCANA by 0.4% during the 2nd quarter. Shell Asset Management Co. now owns 12,668 shares of the utilities provider’s stock valued at $849,000 after acquiring an additional 53 shares during the period. 66.76% of the stock is owned by hedge funds and other institutional investors.

SCG has been the subject of a number of research reports. Morgan Stanley increased their target price on shares of SCANA from $58.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 10th. Mizuho raised shares of SCANA from an “underperform” rating to a “neutral” rating and set a $58.50 target price for the company in a research report on Monday, August 28th. Zacks Investment Research raised shares of SCANA from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Williams Capital downgraded shares of SCANA from a “buy” rating to a “hold” rating and reduced their target price for the company from $80.00 to $70.00 in a research report on Monday, September 18th. Finally, Bank of America initiated coverage on shares of SCANA in a research report on Tuesday, October 24th. They set a “neutral” rating and a $49.00 target price for the company. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $61.44.

SCANA Co. (SCG) traded up $1.09 on Friday, reaching $44.26. 2,320,098 shares of the company traded hands, compared to its average volume of 2,386,353. The company has a market cap of $6,156.75, a P/E ratio of 10.61, a PEG ratio of 2.96 and a beta of 0.20. SCANA Co. has a 52 week low of $41.15 and a 52 week high of $74.99. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.77 and a current ratio of 0.88.

SCANA (NYSE:SCG) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.16 EPS for the quarter, missing the Thomson Reuters’ 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 quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business posted $1.32 earnings per share. equities analysts anticipate that SCANA Co. will post 4.17 earnings per share for the current year.

The firm 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 $0.6125 dividend. This represents a $2.45 annualized dividend and a yield of 5.54%. The ex-dividend date is Monday, December 11th. SCANA’s dividend payout ratio (DPR) is presently 77.78%.

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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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