American Century Companies Inc. reduced its position in Scana Corporation (NYSE:SCG) by 27.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 169,241 shares of the utilities provider’s stock after selling 65,625 shares during the quarter. American Century Companies Inc. owned about 0.12% of Scana Corporation worth $8,206,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCG. Janus Henderson Group PLC grew its holdings in Scana Corporation 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 purchasing an additional 1,230,612 shares during the last quarter. LSV Asset Management grew its holdings in shares of Scana Corporation by 833.9% during the second quarter. LSV Asset Management now owns 1,241,196 shares of the utilities provider’s stock valued at $83,172,000 after buying an additional 1,108,296 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Scana Corporation by 1,365.8% during the second quarter. Nordea Investment Management AB now owns 1,100,102 shares of the utilities provider’s stock valued at $73,718,000 after buying an additional 1,025,052 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Scana Corporation by 106.6% during the second quarter. First Trust Advisors LP now owns 1,651,461 shares of the utilities provider’s stock valued at $110,664,000 after buying an additional 852,243 shares during the last quarter. Finally, Balyasny Asset Management LLC grew its holdings in shares of Scana Corporation by 273.6% during the second quarter. Balyasny Asset Management LLC now owns 1,065,817 shares of the utilities provider’s stock valued at $71,420,000 after buying an additional 780,564 shares during the last quarter. 68.73% of the stock is currently owned by institutional investors and hedge funds.
Scana Corporation (NYSE:SCG) opened at $43.45 on Monday. The stock has a market cap of $6,196.68, a price-to-earnings ratio of 10.68, a P/E/G ratio of 2.98 and a beta of 0.21. Scana Corporation has a 1 year low of $41.15 and a 1 year high of $74.99. The company has a current ratio of 0.88, a quick ratio of 0.77 and a debt-to-equity ratio of 1.12.
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 analysts’ consensus estimates of $1.17 by ($0.01). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.17 billion. Scana Corporation had a return on equity of 10.05% and a net margin of 10.45%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company posted $1.32 EPS. equities analysts anticipate that Scana Corporation will post 4.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th will be given a $0.6125 dividend. The ex-dividend date is Monday, December 11th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 5.64%. Scana Corporation’s dividend payout ratio (DPR) is currently 77.78%.
A number of equities research analysts have recently weighed in on SCG shares. BidaskClub raised shares of Scana Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Gabelli lowered shares of Scana Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Guggenheim lowered shares of Scana Corporation from a “buy” rating to a “sell” rating in a report on Friday, July 28th. Barclays PLC raised shares of Scana Corporation from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $65.00 to $73.00 in a report on Tuesday, August 1st. Finally, Mizuho reissued an “underperform” rating and set a $59.50 price objective (up from $57.00) on shares of Scana Corporation in a report on Tuesday, August 1st. 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 company has an average rating of “Hold” and a consensus target price of $61.44.
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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