Investors Sell SCANA (SCG) on Strength (SCG)
Investors sold shares of SCANA Co. (NYSE:SCG) on strength during trading hours on Friday. $68.12 million flowed into the stock on the tick-up and $94.84 million flowed out of the stock on the tick-down, for a money net flow of $26.72 million out of the stock. Of all stocks tracked, SCANA had the 0th highest net out-flow for the day. SCANA traded up $3.02 for the day and closed at $50.98
Several brokerages recently commented on SCG. Mizuho reissued a “buy” rating and issued a $48.50 price target on shares of SCANA in a report on Tuesday, November 27th. Williams Capital raised shares of SCANA from a “sell” rating to a “hold” rating and boosted their price target for the stock from $30.00 to $49.00 in a report on Monday, November 26th. Guggenheim raised shares of SCANA from a “neutral” rating to a “buy” rating in a report on Monday, November 26th. ValuEngine raised shares of SCANA from a “sell” rating to a “hold” rating in a report on Tuesday, November 20th. Finally, Zacks Investment Research raised shares of SCANA from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. One equities 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. SCANA currently has a consensus rating of “Hold” and a consensus target price of $44.70.
The firm has a market capitalization of $7.27 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 7.71 and a beta of 0.09. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.97 and a current ratio of 1.22.
The firm also recently announced a dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 10th will be paid 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%.
A number of institutional investors and hedge funds have recently made changes to their positions in SCG. Polaris Greystone Financial Group LLC acquired a new stake in SCANA during the 3rd quarter worth $109,000. Asset Advisors Investment Management LLC acquired a new stake in SCANA during the 3rd quarter worth $117,000. Pinebridge Investments L.P. boosted its stake in SCANA by 258.2% during 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 acquired a new stake in SCANA during the 3rd quarter worth $168,000. Finally, Cerebellum GP LLC acquired a new stake in SCANA during the 3rd quarter worth $197,000. 68.57% of the stock is currently owned by institutional investors.
SCANA Company Profile (NYSE:SCG)
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.
Featured Story: Insider Trading – What You Need to Know
Receive News & Ratings for SCANA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SCANA and related companies with MarketBeat.com's FREE daily email newsletter.