Sei Investments Co. grew its holdings in shares of SCANA Co. (NYSE:SCG) by 18.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,040 shares of the utilities provider’s stock after purchasing an additional 1,895 shares during the period. Sei Investments Co.’s holdings in SCANA were worth $464,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of SCG. Whittier Trust Co. increased its holdings in shares of SCANA by 53.4% in the 2nd quarter. Whittier Trust Co. now owns 3,835 shares of the utilities provider’s stock worth $206,000 after acquiring an additional 1,335 shares during the period. IFM Investors Pty Ltd acquired a new position in SCANA during the 2nd quarter valued at about $200,000. Birmingham Capital Management Co. Inc. AL acquired a new position in SCANA during the 2nd quarter valued at about $204,000. Cetera Advisor Networks LLC acquired a new position in SCANA during the 1st quarter valued at about $202,000. Finally, Baird Financial Group Inc. acquired a new position in SCANA during the 1st quarter valued at about $212,000. 69.87% of the stock is currently owned by institutional investors.
Shares of SCG opened at $39.26 on Tuesday. SCANA Co. has a one year low of $33.61 and a one year high of $50.22. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 3.44 and a beta of 0.12. The company has a quick ratio of 0.61, a current ratio of 0.76 and a debt-to-equity ratio of 1.14.
The business also recently declared a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Monday, September 10th were given a $0.1237 dividend. This represents a $0.49 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, September 7th. SCANA’s dividend payout ratio (DPR) is 11.67%.
Several equities analysts have commented on the stock. Mizuho cut shares of SCANA from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 7th. Wolfe Research restated an “outperform” rating on shares of SCANA in a research report on Thursday, September 27th. Zacks Investment Research lowered shares of SCANA from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. Finally, UBS Group upgraded shares of SCANA from a “sell” rating to a “neutral” rating in a research report on Friday, September 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. SCANA currently has an average rating of “Hold” and a consensus price target of $40.08.
SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in the United States. The company owns nuclear, coal, hydro, natural gas, oil, biomass, and solar generating facilities. It also purchases, sells, and transports natural gas; and offers energy-related services.
Further Reading: Price to Earnings Ratio (PE)
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