SCANA Co. (SCG) Holdings Increased by Leavell Investment Management Inc.

Leavell Investment Management Inc. raised its position in SCANA Co. (NYSE:SCG) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,911 shares of the utilities provider’s stock after acquiring an additional 1,800 shares during the quarter. Leavell Investment Management Inc.’s holdings in SCANA were worth $911,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Toronto Dominion Bank lifted its stake in shares of SCANA by 25.6% during the 2nd quarter. Toronto Dominion Bank now owns 48,327 shares of the utilities provider’s stock worth $3,238,000 after buying an additional 9,840 shares during the last quarter. Swiss National Bank lifted its stake in shares of SCANA by 1.1% during the 3rd quarter. Swiss National Bank now owns 597,212 shares of the utilities provider’s stock worth $28,959,000 after buying an additional 6,300 shares during the last quarter. Aberdeen Asset Management PLC UK lifted its stake in shares of SCANA by 23.2% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 48,016 shares of the utilities provider’s stock worth $3,218,000 after buying an additional 9,028 shares during the last quarter. Tandem Investment Advisors Inc. lifted its stake in shares of SCANA by 4.8% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 70,569 shares of the utilities provider’s stock worth $4,729,000 after buying an additional 3,222 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of SCANA by 5.9% during the 2nd quarter. California Public Employees Retirement System now owns 281,200 shares of the utilities provider’s stock worth $18,843,000 after buying an additional 15,700 shares during the last quarter. Hedge funds and other institutional investors own 66.70% of the company’s stock.

SCANA Co. (NYSE SCG) opened at $44.51 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.88 and a debt-to-equity ratio of 1.12. SCANA Co. has a 1-year low of $37.10 and a 1-year high of $72.89. The company has a market cap of $6,400.00, a PE ratio of 14.09, a price-to-earnings-growth ratio of 4.13 and a beta of 0.20.

SCANA (NYSE:SCG) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.01). SCANA had a net margin of 10.45% and a return on equity of 10.05%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business earned $1.32 earnings per share. SCANA’s quarterly revenue was down 1.6% compared to the same quarter last year. equities research analysts predict that SCANA Co. will post 4.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th were issued a $0.6125 dividend. This represents a $2.45 annualized dividend and a yield of 5.50%. The ex-dividend date was Monday, December 11th. SCANA’s dividend payout ratio is currently 77.53%.

A number of analysts have recently issued reports on SCG shares. Edward Jones upgraded shares of SCANA from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. ValuEngine raised shares of SCANA from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. TheStreet lowered shares of SCANA from a “b-” rating to a “c+” rating in a research report on Monday, October 23rd. Williams Capital lowered their price target on shares of SCANA from $70.00 to $50.00 and set a “hold” rating on the stock in a research report on Wednesday, September 27th. Finally, Mizuho reaffirmed a “hold” rating and set a $46.50 price target on shares of SCANA in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $58.94.

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SCANA 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.

Institutional Ownership by Quarter for SCANA (NYSE:SCG)

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