AMP Capital Investors Ltd lifted its stake in SCANA Co. (NYSE:SCG) by 99.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 143,428 shares of the utilities provider’s stock after purchasing an additional 71,660 shares during the quarter. AMP Capital Investors Ltd owned about 0.10% of SCANA worth $5,706,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Swiss National Bank raised its position in shares of SCANA by 1.1% in the 3rd quarter. Swiss National Bank now owns 597,212 shares of the utilities provider’s stock valued at $28,959,000 after purchasing an additional 6,300 shares during the last quarter. Toronto Dominion Bank raised its position in shares of SCANA by 11.6% in the 3rd quarter. Toronto Dominion Bank now owns 53,910 shares of the utilities provider’s stock valued at $2,613,000 after purchasing an additional 5,583 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of SCANA in the 4th quarter valued at approximately $1,488,000. Thompson Siegel & Walmsley LLC raised its position in shares of SCANA by 139.2% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,682,139 shares of the utilities provider’s stock valued at $130,057,000 after purchasing an additional 1,560,863 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of SCANA by 15.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 25,736 shares of the utilities provider’s stock valued at $1,248,000 after purchasing an additional 3,397 shares during the last quarter. 75.87% of the stock is owned by hedge funds and other institutional investors.
SCANA Co. (NYSE:SCG) opened at $40.21 on Friday. 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 firm has a market cap of $5,759.74, a P/E ratio of -48.45, a PEG ratio of 3.79 and a beta of 0.21. SCANA Co. has a 1-year low of $34.76 and a 1-year high of $71.28.
SCANA (NYSE:SCG) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.03. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. SCANA had a negative net margin of 2.70% and a positive return on equity of 10.61%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS. sell-side analysts anticipate that SCANA Co. will post 3.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Monday, March 12th will be issued a dividend of $0.6125 per share. This represents a $2.45 annualized dividend and a dividend yield of 6.09%. The ex-dividend date of this dividend is Friday, March 9th. SCANA’s dividend payout ratio (DPR) is -295.18%.
A number of equities analysts have issued reports on the stock. Wells Fargo lowered shares of SCANA from an “outperform” rating to a “market perform” rating and set a $51.00 price target for the company. in a research report on Friday, January 5th. Mizuho reissued a “hold” rating and set a $46.50 price target on shares of SCANA in a research report on Thursday, January 11th. ValuEngine raised shares of SCANA from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of SCANA from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, UBS assumed coverage on shares of SCANA in a research report on Friday, February 2nd. They set a “sell” rating and a $38.00 price target for the company. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus 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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