Scana Corporation (SCG) Holdings Raised by Advisor Group Inc.
Advisor Group Inc. boosted its holdings in shares of Scana Corporation (NYSE:SCG) by 12.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,965 shares of the utilities provider’s stock after acquiring an additional 1,484 shares during the quarter. Advisor Group Inc.’s holdings in Scana Corporation were worth $629,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Toronto Dominion Bank increased its stake in Scana Corporation by 25.6% during the second quarter. Toronto Dominion Bank now owns 48,327 shares of the utilities provider’s stock worth $3,238,000 after acquiring an additional 9,840 shares during the last quarter. Federated Investors Inc. PA increased its stake in Scana Corporation by 264,341.0% during the second quarter. Federated Investors Inc. PA now owns 161,309 shares of the utilities provider’s stock worth $10,809,000 after acquiring an additional 161,248 shares during the last quarter. Aberdeen Asset Management PLC UK increased its stake in Scana Corporation by 23.2% during the second quarter. Aberdeen Asset Management PLC UK now owns 48,016 shares of the utilities provider’s stock worth $3,218,000 after acquiring an additional 9,028 shares during the last quarter. Tandem Investment Advisors Inc. increased its stake in Scana Corporation by 4.8% during the second quarter. Tandem Investment Advisors Inc. now owns 70,569 shares of the utilities provider’s stock worth $4,729,000 after acquiring an additional 3,222 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Scana Corporation by 22.6% during the second quarter. American Century Companies Inc. now owns 234,866 shares of the utilities provider’s stock worth $15,738,000 after acquiring an additional 43,225 shares during the last quarter. 68.73% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on SCG shares. Williams Capital cut their target price on Scana Corporation from $70.00 to $50.00 and set a “hold” rating for the company in a research note on Wednesday, September 27th. Mizuho raised Scana Corporation from an “underperform” rating to a “neutral” rating and set a $58.50 price objective for the company in a research note on Monday, August 28th. Gabelli cut Scana Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research raised Scana Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, Bank of America Corporation began coverage on Scana Corporation in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $49.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $61.44.
Shares of Scana Corporation (SCG) traded up $0.09 during midday trading on Friday, hitting $43.49. The stock had a trading volume of 1,239,800 shares, compared to its average volume of 1,363,901. Scana Corporation has a twelve month low of $41.15 and a twelve month high of $74.99. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.88 and a quick ratio of 0.77. The firm has a market capitalization of $6,202.38, a PE ratio of 10.69, a PEG ratio of 2.98 and a beta of 0.21.
Scana Corporation (NYSE:SCG) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.17 by ($0.01). Scana Corporation had a net margin of 10.45% and a return on equity of 10.05%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the firm posted $1.32 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. analysts expect that Scana Corporation will post 4.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Tuesday, December 12th will be paid a $0.6125 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 5.63%. Scana Corporation’s payout ratio is presently 77.78%.
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Scana Corporation 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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