Willingdon Wealth Management bought a new stake in shares of Scana Corporation (NYSE:SCG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,309 shares of the utilities provider’s stock, valued at approximately $112,000.
Other large investors have also recently added to or reduced their stakes in the company. WFG Advisors LP increased its position in Scana Corporation by 60.6% during the 2nd quarter. WFG Advisors LP now owns 1,747 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 659 shares during the period. Fiduciary Trust Co. acquired a new stake in Scana Corporation during the 2nd quarter valued at approximately $164,000. Pacer Advisors Inc. increased its position in Scana Corporation by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 2,641 shares of the utilities provider’s stock valued at $177,000 after purchasing an additional 203 shares during the period. BB&T Investment Services Inc. acquired a new stake in Scana Corporation during the 2nd quarter valued at approximately $195,000. Finally, Gofen & Glossberg LLC IL acquired a new stake in Scana Corporation during the 2nd quarter valued at approximately $201,000. 68.73% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on SCG shares. Williams Capital decreased their target price on shares of Scana Corporation from $70.00 to $50.00 and set a “hold” rating for the company in a research report on Wednesday, September 27th. BidaskClub raised shares of Scana Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Mizuho raised shares of Scana Corporation from an “underperform” rating to a “neutral” rating and set a $58.50 target price for the company in a research report on Monday, August 28th. Gabelli downgraded shares of Scana Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research raised shares of Scana Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $61.44.
Scana Corporation (NYSE:SCG) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.01). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.17 billion. Scana Corporation had a return on equity of 10.05% and a net margin of 10.45%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $1.32 EPS. equities analysts expect that Scana Corporation will post 4.17 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Tuesday, December 12th will be issued a $0.6125 dividend. This represents a $2.45 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date of this dividend is Monday, December 11th. Scana Corporation’s dividend payout ratio is currently 77.53%.
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Scana Corporation Company Profile
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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