Schwab Charles Investment Management Inc. increased its position in SCANA Co. (NYSE:SCG) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 686,744 shares of the utilities provider’s stock after purchasing an additional 20,724 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.48% of SCANA worth $33,301,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SCG. Vanguard Group Inc. boosted its holdings in SCANA by 2.3% during the second quarter. Vanguard Group Inc. now owns 13,887,779 shares of the utilities provider’s stock worth $930,620,000 after buying an additional 316,210 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in SCANA by 139.2% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,682,139 shares of the utilities provider’s stock worth $130,057,000 after buying an additional 1,560,863 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in SCANA by 67.6% during the third quarter. Bank of New York Mellon Corp now owns 2,170,207 shares of the utilities provider’s stock worth $105,234,000 after buying an additional 875,095 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in SCANA by 27.7% during the second quarter. Artisan Partners Limited Partnership now owns 1,794,850 shares of the utilities provider’s stock worth $120,273,000 after buying an additional 389,431 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in SCANA by 1.5% during the third quarter. First Trust Advisors LP now owns 1,675,617 shares of the utilities provider’s stock worth $81,251,000 after buying an additional 24,156 shares during the last quarter. Hedge funds and other institutional investors own 66.78% of the company’s stock.

Several equities analysts have recently weighed in on SCG shares. ValuEngine upgraded SCANA from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Guggenheim upgraded SCANA from a “sell” rating to a “neutral” rating in a report on Thursday, November 16th. They noted that the move was a valuation call. Edward Jones upgraded SCANA from a “hold” rating to a “buy” rating in a report on Monday, November 13th. TheStreet cut SCANA from a “b-” rating to a “c+” rating in a report on Monday, October 23rd. Finally, Bank of America started coverage on SCANA in a report on Tuesday, October 24th. They set a “neutral” rating and a $49.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $61.44.

SCANA Co. (SCG) traded up $1.43 during trading hours on Monday, hitting $45.78. The stock had a trading volume of 2,443,100 shares, compared to its average volume of 1,404,169. SCANA Co. has a fifty-two week low of $41.15 and a fifty-two week 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 company has a market cap of $6,528.97, a PE ratio of 11.25, a PEG ratio of 3.14 and a beta of 0.20.

SCANA (NYSE:SCG) last released its earnings results 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 firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.17 billion. SCANA had a net margin of 10.45% and a return on equity of 10.05%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 EPS. equities analysts anticipate that SCANA Co. will post 4.17 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th will be paid a $0.6125 dividend. This represents a $2.45 annualized dividend and a yield of 5.35%. The ex-dividend date is Monday, December 11th. SCANA’s payout ratio is 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.

Institutional Ownership by Quarter for SCANA (NYSE:SCG)

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