LSV Asset Management grew its stake in shares of SCANA by 833.9% during the second quarter. (NYSE:SCG) by 54.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 9,941 shares of the utilities provider's stock after acquiring an additional 3,341 shares during the period. BB&T Securities LLC's holdings in SCANA were worth $1,642,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. The firm owned 1,117,658 shares of the utilities provider's stock after purchasing an additional 59,907 shares during the quarter. Sigma Planning Corp grew its holdings in shares of SCANA by 0.3% in the second quarter. JPMorgan Chase & Co. now owns 153,739 shares of the utilities provider's stock valued at $7,840,000 after buying an additional 25,942 shares during the period. First Trust Advisors LP now owns 1,651,461 shares of the utilities provider's stock worth $110,664,000 after purchasing an additional 852,243 shares during the last quarter. Great West Life Assurance Co. Sigma Planning Corp boosted its position in shares of SCANA by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 13,836 shares of the utilities provider's stock worth $927,000 after acquiring an additional 44 shares in the last quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the utilities provider's stock worth $596,000 after acquiring an additional 100 shares in the last quarter. The company's institutional ownership is monitored at 69.2 percent. SCANA Co. has a fifty-two week low of $41.15 and a fifty-two week high of $74.99. (NYSE:SCG) traded down $0.83 during trading hours on Wednesday, reaching $43.50. 2,469,200 shares of the company's stock traded hands, compared to its average volume of 1,398,120. The utilities provider reported $1.16 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.17 by ($0.01). SCANA had a return on equity of 10.05% and a net margin of 10.45%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the business earned $1.32 EPS. sell-side analysts anticipate that SCANA Co. will post 4.17 EPS for the current fiscal year. The business's quarterly revenue was up.1% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Tuesday, December 12th will be paid a $0.6125 dividend. The ex-dividend date is Monday, December 11th. This represents a $2.45 dividend on an annualized basis and a yield of 5.60%. SCANA's dividend payout ratio is presently 57.79%.
A number of equities analysts have recently issued reports on SCG shares. Finally, Bank of America started coverage on shares of SCANA in a research note on Tuesday, October 24th.
The most recent non open market insider trade was completed by DECKER SHARON A on 10/13/2017, and was a acquisition of 665 shares with a final price of $49.38. Edward Jones raised shares of SCANA from a "hold" rating to a "buy" rating in a report on Monday, November 13th. Mizuho upgraded shares of SCANA from an "underperform" rating to a "neutral" rating and set a $58.50 target price on the stock in a research report on Monday, August 28th. Williams Capital lowered shares of SCANA from a "hold" rating to a "sell" rating in a report on Friday, September 29th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of "Hold" and a consensus target price of $61.44. If you are reading this story on another site, it was copied illegally and republished in violation of US & worldwide copyright & trademark laws. The correct version of this piece can be accessed at https://weekherald.com/2017/12/07/wells-fargo-company-mn-has-70-92-million-holdings-in-scana-co-scg.html.
SCANA Corporation (NYSE:SCG) has seen its stock price gain 29.50, or -40.26%, so far in 2017. The Company operates through segments, including Electric Operations, Gas Distribution, Gas Marketing and All Other.