OLD Republic International Corp lifted its stake in Scana Corporation (NYSE:SCG) by 7.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 329,800 shares of the utilities provider’s stock after purchasing an additional 24,000 shares during the quarter. OLD Republic International Corp owned about 0.23% of Scana Corporation worth $15,992,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Federated Investors Inc. PA boosted its holdings in shares of Scana Corporation by 264,341.0% in the 2nd quarter. Federated Investors Inc. PA now owns 161,309 shares of the utilities provider’s stock worth $10,809,000 after purchasing an additional 161,248 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Scana Corporation by 25.6% in the 2nd quarter. Toronto Dominion Bank now owns 48,327 shares of the utilities provider’s stock worth $3,238,000 after purchasing an additional 9,840 shares during the period. Aberdeen Asset Management PLC UK boosted its holdings in shares of Scana Corporation by 23.2% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 48,016 shares of the utilities provider’s stock worth $3,218,000 after purchasing an additional 9,028 shares during the period. American Century Companies Inc. boosted its holdings in shares of Scana Corporation by 22.6% in the 2nd quarter. American Century Companies Inc. now owns 234,866 shares of the utilities provider’s stock worth $15,738,000 after purchasing an additional 43,225 shares during the period. Finally, Tandem Investment Advisors Inc. boosted its holdings in shares of Scana Corporation by 4.8% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 70,569 shares of the utilities provider’s stock worth $4,729,000 after purchasing an additional 3,222 shares during the period. Hedge funds and other institutional investors own 67.02% of the company’s stock.
Scana Corporation (NYSE SCG) traded up $1.64 during mid-day trading on Monday, reaching $43.31. The company’s stock had a trading volume of 605,276 shares, compared to its average volume of 2,038,038. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.41 and a current ratio of 0.54. The firm has a market capitalization of $5,942.82, a PE ratio of 10.24, a price-to-earnings-growth ratio of 2.84 and a beta of 0.21. Scana Corporation has a one year low of $41.15 and a one year high of $74.99.
Scana Corporation (NYSE:SCG) last posted its earnings results on Thursday, October 26th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.01). The business had revenue of $1.08 billion for 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%. Scana Corporation’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $1.32 EPS. analysts predict that Scana Corporation will post 4.19 EPS for the current fiscal year.
The firm 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 dividend of $0.6125 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $2.45 annualized dividend and a yield of 5.66%. Scana Corporation’s dividend payout ratio (DPR) is 77.78%.
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A number of brokerages have recently commented on SCG. TheStreet cut Scana Corporation from a “b-” rating to a “c+” rating in a report on Monday, October 23rd. Bank of America Corporation began coverage on Scana Corporation in a report on Tuesday, October 24th. They issued a “neutral” rating and a $49.00 target price for the company. Morgan Stanley reiterated an “underweight” rating and issued a $45.00 target price on shares of Scana Corporation in a report on Wednesday, October 4th. Williams Capital cut Scana Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 29th. Finally, Zacks Investment Research upgraded Scana Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Scana Corporation currently has an average rating of “Hold” and a consensus price target of $61.44.
Scana Corporation Company 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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