Public Employees Retirement Association of Colorado raised its position in Scana Corp. (NYSE:SCG) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,880 shares of the company’s stock after buying an additional 17 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Scana Corp. were worth $1,656,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Cribstone Capital Management LLC acquired a new stake in Scana Corp. during the second quarter worth approximately $102,000. Global X Management Co. LLC increased its stake in Scana Corp. by 186.1% in the second quarter. Global X Management Co. LLC now owns 1,456 shares of the company’s stock worth $110,000 after buying an additional 947 shares during the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in Scana Corp. by 60.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,832 shares of the company’s stock worth $139,000 after buying an additional 687 shares during the last quarter. Pacer Advisors Inc. increased its stake in Scana Corp. by 10.2% in the second quarter. Pacer Advisors Inc. now owns 2,389 shares of the company’s stock worth $181,000 after buying an additional 222 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in Scana Corp. during the second quarter worth approximately $200,000. Institutional investors and hedge funds own 64.47% of the company’s stock.
Shares of Scana Corp. (NYSE:SCG) traded up 2.08% on Monday, reaching $72.49. 569,509 shares of the company were exchanged. The stock has a 50 day moving average price of $70.58 and a 200-day moving average price of $71.76. The stock has a market capitalization of $10.36 billion, a P/E ratio of 18.21 and a beta of 0.22. Scana Corp. has a 12 month low of $56.50 and a 12 month high of $76.41.
Scana Corp. (NYSE:SCG) last issued its quarterly earnings data on Thursday, October 27th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. Scana Corp. had a net margin of 13.77% and a return on equity of 10.71%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. The company’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts expect that Scana Corp. will post $4.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Monday, December 12th will be issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, December 8th. Scana Corp.’s dividend payout ratio is currently 57.79%.
A number of analysts recently commented on the stock. Williams Capital reiterated a “buy” rating on shares of Scana Corp. in a report on Monday, September 12th. Guggenheim assumed coverage on shares of Scana Corp. in a research report on Thursday, November 3rd. They issued a “buy” rating and a $78.00 target price on the stock. Zacks Investment Research raised shares of Scana Corp. from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Tuesday, August 16th. Finally, Mizuho dropped their target price on shares of Scana Corp. from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $73.75.
Scana Corp. Company Profile
SCANA Corporation is a holding company. The Company, through its subsidiaries, is engaged in generation, transmission, distribution and sale of electricity, and the purchase, sale and transportation of natural gas in North Carolina and South Carolina. It operates through segments, including Electric Operations, Gas Distribution, Retail Gas Marketing, Energy Marketing and All Other.