Crow Point Partners LLC lessened its holdings in SCANA Co. (NYSE:SCG) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,000 shares of the utilities provider’s stock after selling 25,000 shares during the quarter. Crow Point Partners LLC’s holdings in SCANA were worth $993,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in SCG. Willingdon Wealth Management bought a new stake in SCANA in the 3rd quarter valued at $112,000. WFG Advisors LP increased its holdings in SCANA by 60.6% in the 2nd quarter. WFG Advisors LP now owns 1,747 shares of the utilities provider’s stock valued at $117,000 after buying an additional 659 shares during the period. Amica Retiree Medical Trust increased its holdings in SCANA by 219.1% in the 3rd quarter. Amica Retiree Medical Trust now owns 2,693 shares of the utilities provider’s stock valued at $131,000 after buying an additional 1,849 shares during the period. Fiduciary Trust Co. bought a new stake in shares of SCANA in the 2nd quarter worth about $164,000. Finally, Pacer Advisors Inc. grew its holdings in shares of SCANA by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 2,641 shares of the utilities provider’s stock worth $177,000 after purchasing an additional 203 shares during the last quarter. 66.70% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on SCG shares. Edward Jones raised shares of SCANA from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Bank of America began coverage on shares of SCANA in a report on Tuesday, October 24th. They set a “neutral” rating and a $49.00 price objective on the stock. Williams Capital decreased their price objective on shares of SCANA from $70.00 to $50.00 and set a “hold” rating on the stock in a report on Wednesday, September 27th. Guggenheim raised shares of SCANA from a “sell” rating to a “neutral” rating in a report on Thursday, November 16th. They noted that the move was a valuation call. Finally, TheStreet lowered shares of SCANA from a “b-” rating to a “c+” rating in a report on Monday, October 23rd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $60.28.
SCANA (NYSE:SCG) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 had a net margin of 10.45% and a return on equity of 10.05%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.32 earnings per share. research analysts expect that SCANA Co. will post 4.18 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Tuesday, December 12th were given a $0.6125 dividend. The ex-dividend date was Monday, December 11th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 5.47%. SCANA’s dividend payout ratio is 77.53%.
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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