Russell Investments Group Ltd. lowered its position in SCANA Co. (NYSE:SCG) by 7.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,705 shares of the utilities provider’s stock after selling 3,918 shares during the period. Russell Investments Group Ltd.’s holdings in SCANA were worth $2,507,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the business. Janus Henderson Group PLC grew its stake in shares of SCANA by 6,220.2% in the second quarter. Janus Henderson Group PLC now owns 1,250,396 shares of the utilities provider’s stock worth $83,789,000 after acquiring an additional 1,230,612 shares during the last quarter. LSV Asset Management lifted its position in SCANA by 833.9% in the second quarter. LSV Asset Management now owns 1,241,196 shares of the utilities provider’s stock worth $83,172,000 after purchasing an additional 1,108,296 shares during the period. Nordea Investment Management AB lifted its position in SCANA by 1,365.8% in the second quarter. Nordea Investment Management AB now owns 1,100,102 shares of the utilities provider’s stock worth $73,718,000 after purchasing an additional 1,025,052 shares during the period. Bank of New York Mellon Corp lifted its position in SCANA by 67.6% in 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 purchasing an additional 875,095 shares during the period. Finally, Balyasny Asset Management LLC lifted its position in SCANA by 273.6% in the second quarter. Balyasny Asset Management LLC now owns 1,065,817 shares of the utilities provider’s stock worth $71,420,000 after purchasing an additional 780,564 shares during the period. Institutional investors own 66.70% of the company’s stock.
SCG has been the subject of a number of analyst reports. Edward Jones upgraded SCANA from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. ValuEngine upgraded SCANA from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. TheStreet lowered SCANA from a “b-” rating to a “c+” rating in a research note on Monday, October 23rd. Williams Capital lowered their target price on SCANA from $70.00 to $50.00 and set a “hold” rating for the company in a research note on Wednesday, September 27th. Finally, Mizuho reiterated a “hold” rating and issued a $46.50 price objective on shares of SCANA in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $58.94.
SCANA Co. (NYSE SCG) traded down $0.46 during trading on Friday, hitting $44.05. The stock had a trading volume of 1,622,130 shares, compared to its average volume of 3,560,000. SCANA Co. has a 52 week low of $37.10 and a 52 week high of $72.89. 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 cap of $6,300.00, a price-to-earnings ratio of 13.94, a P/E/G ratio of 4.13 and a beta of 0.20.
SCANA (NYSE:SCG) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by ($0.01). SCANA had a net margin of 10.45% and a return on equity of 10.05%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm earned $1.32 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. equities research analysts expect that SCANA Co. will post 4.18 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Tuesday, December 12th were issued a dividend of $0.6125 per share. This represents a $2.45 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend was Monday, December 11th. SCANA’s dividend payout ratio (DPR) is presently 77.53%.
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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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