SCANA Co. (SCG) Stake Boosted by Sei Investments Co.

Share on StockTwits

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.

SCANA (NYSE:SCG) last announced its earnings results on Thursday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.59 by $0.08. SCANA had a negative net margin of 5.50% and a positive return on equity of 10.57%. The company had revenue of $843.00 million during the quarter, compared to analysts’ expectations of $858.45 million. During the same period last year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was down 15.8% on a year-over-year basis. As a group, analysts anticipate that SCANA Co. will post 3.23 earnings per share for the current fiscal year.

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.

About SCANA

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)

Institutional Ownership by Quarter for SCANA (NYSE:SCG)

Receive News & Ratings for SCANA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SCANA and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.