Investors Sell Shares of SCANA (SCG) on Strength (SCG)

Traders sold shares of SCANA Co. (NYSE:SCG) on strength during trading on Wednesday. $162.63 million flowed into the stock on the tick-up and $213.94 million flowed out of the stock on the tick-down, for a money net flow of $51.31 million out of the stock. Of all equities tracked, SCANA had the 12th highest net out-flow for the day. SCANA traded up $8.78 for the day and closed at $47.65

SCG has been the topic of a number of recent research reports. Williams Capital decreased their target price on SCANA from $70.00 to $50.00 and set a “hold” rating on the stock in a report on Wednesday, September 27th. Zacks Investment Research cut SCANA from a “hold” rating to a “strong sell” rating in a report on Tuesday. Bank of America initiated coverage on SCANA in a report on Tuesday, October 24th. They issued a “neutral” rating and a $49.00 target price on the stock. ValuEngine upgraded SCANA from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, TheStreet downgraded 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, six have given a hold rating and four have given a buy rating to the company’s stock. SCANA has a consensus rating of “Hold” and an average target price of $61.44.

The company has a current ratio of 0.88, a quick ratio of 0.77 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $6,810.00, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 3.65 and a beta of 0.20.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Tuesday, December 12th were given a dividend of $0.6125 per share. The ex-dividend date was Monday, December 11th. This represents a $2.45 dividend on an annualized basis and a yield of 5.14%. SCANA’s payout ratio is 77.53%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC acquired a new stake in SCANA during the third quarter valued at $459,000. Public Employees Retirement System of Ohio boosted its position in SCANA by 10.4% during the third quarter. Public Employees Retirement System of Ohio now owns 64,007 shares of the utilities provider’s stock valued at $3,104,000 after purchasing an additional 6,005 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in SCANA during the third quarter valued at $595,000. California Public Employees Retirement System boosted its position in SCANA by 9.2% during the third quarter. California Public Employees Retirement System now owns 307,041 shares of the utilities provider’s stock valued at $14,888,000 after purchasing an additional 25,841 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in SCANA during the third quarter valued at $3,113,000. 66.70% of the stock is owned by hedge funds and other institutional investors.

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About SCANA

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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