Laurion Capital Management LP cut its stake in SCANA Co. (NYSE:SCG) by 12.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,150 shares of the utilities provider’s stock after selling 12,500 shares during the period. Laurion Capital Management LP owned 0.06% of SCANA worth $3,467,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of SCG. BlackRock Inc. grew its position in SCANA by 3.7% in the 2nd quarter. BlackRock Inc. now owns 12,493,290 shares of the utilities provider’s stock worth $481,241,000 after purchasing an additional 442,473 shares during the period. Newport Trust Co grew its position in SCANA by 3.6% in the 3rd quarter. Newport Trust Co now owns 7,065,238 shares of the utilities provider’s stock worth $274,767,000 after purchasing an additional 248,288 shares during the period. FMR LLC grew its position in SCANA by 64.5% in the 3rd quarter. FMR LLC now owns 2,931,009 shares of the utilities provider’s stock worth $113,987,000 after purchasing an additional 1,148,786 shares during the period. Bank of New York Mellon Corp grew its position in SCANA by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,525,973 shares of the utilities provider’s stock worth $97,301,000 after purchasing an additional 32,708 shares during the period. Finally, Alps Advisors Inc. grew its position in SCANA by 2.4% in the 3rd quarter. Alps Advisors Inc. now owns 1,365,425 shares of the utilities provider’s stock worth $53,101,000 after purchasing an additional 31,774 shares during the period. Institutional investors and hedge funds own 68.57% of the company’s stock.
Shares of SCANA stock opened at $46.86 on Friday. The firm has a market cap of $6.75 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 7.16 and a beta of 0.09. SCANA Co. has a 1-year low of $33.61 and a 1-year high of $49.40. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.97 and a current ratio of 1.22.
SCANA (NYSE:SCG) last issued its quarterly earnings results on Thursday, October 25th. The utilities provider reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.20. The business had revenue of $926.00 million for the quarter. SCANA had a negative net margin of 4.89% and a positive return on equity of 10.04%. As a group, equities analysts expect that SCANA Co. will post 2.64 EPS for the current fiscal year.
The firm also recently declared a dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 10th will be paid a dividend of $0.1237 per share. The ex-dividend date of this dividend is Friday, December 7th. SCANA’s dividend payout ratio is presently 11.67%.
A number of equities research analysts have commented on SCG shares. Zacks Investment Research raised shares of SCANA from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. ValuEngine upgraded shares of SCANA from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 18th. Mizuho reiterated a “buy” rating and set a $48.50 price target on shares of SCANA in a research note on Tuesday, November 27th. Wolfe Research reiterated an “outperform” rating on shares of SCANA in a research note on Thursday, September 27th. Finally, Williams Capital upgraded shares of SCANA from a “sell” rating to a “hold” rating and lifted their price target for the stock from $30.00 to $49.00 in a research note on Monday, November 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. SCANA has a consensus rating of “Hold” and a consensus target price of $44.70.
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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.
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