Gamco Investors INC. ET AL raised its holdings in shares of SCANA Co. (NYSE:SCG) by 84.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,920 shares of the utilities provider’s stock after acquiring an additional 3,620 shares during the quarter. Gamco Investors INC. ET AL’s holdings in SCANA were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the business. Toronto Dominion Bank grew its position in SCANA by 25.6% in 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 in the last quarter. Swiss National Bank boosted its holdings in shares of SCANA by 1.1% during the third quarter. Swiss National Bank now owns 597,212 shares of the utilities provider’s stock worth $28,959,000 after purchasing an additional 6,300 shares during the period. Shell Asset Management Co. boosted its holdings in shares of SCANA by 467.0% during the third quarter. Shell Asset Management Co. now owns 71,828 shares of the utilities provider’s stock worth $3,563,000 after purchasing an additional 59,160 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of SCANA by 6.1% during the third quarter. New York State Teachers Retirement System now owns 273,336 shares of the utilities provider’s stock worth $13,254,000 after purchasing an additional 15,800 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of 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 purchasing an additional 1,560,863 shares during the period. 75.37% of the stock is currently owned by institutional investors and hedge funds.
SCANA Co. (NYSE:SCG) traded down $0.44 during trading on Thursday, hitting $41.20. 1,570,000 shares of the stock were exchanged, compared to its average volume of 2,110,000. SCANA Co. has a 12-month low of $34.76 and a 12-month high of $71.28. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 0.88. The company has a market cap of $5,880.00, a P/E ratio of -66.45, a PEG ratio of 3.81 and a beta of 0.21.
SCANA (NYSE:SCG) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.03. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. SCANA had a negative net margin of 2.70% and a positive return on equity of 10.61%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 EPS. sell-side analysts forecast that SCANA Co. will post 3.07 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Monday, March 12th will be issued a $0.6125 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $2.45 annualized dividend and a dividend yield of 5.95%. SCANA’s dividend payout ratio is currently -395.16%.
A number of equities analysts recently issued reports on the stock. ValuEngine downgraded shares of SCANA from a “buy” rating to a “hold” rating in a research note on Wednesday. UBS Group started coverage on shares of SCANA in a research note on Friday, February 2nd. They set a “sell” rating and a $38.00 target price for the company. Zacks Investment Research raised shares of SCANA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Mizuho reiterated a “hold” rating and set a $46.50 price target on shares of SCANA in a report on Thursday, January 11th. Finally, Wells Fargo & Co cut shares of SCANA from an “outperform” rating to a “market perform” rating and set a $51.00 target price on the stock. in a report on Friday, January 5th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $52.06.
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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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