Scana Corp. (SCG) Shares Bought by Sadoff Investment Management LLC
Sadoff Investment Management LLC raised its position in shares of Scana Corp. (NYSE:SCG) by 0.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 100,625 shares of the company’s stock after buying an additional 464 shares during the period. Sadoff Investment Management LLC owned approximately 0.07% of Scana Corp. worth $7,282,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Janus Capital Management LLC raised its position in shares of Scana Corp. by 193.4% in the second quarter. Janus Capital Management LLC now owns 1,554,361 shares of the company’s stock worth $117,603,000 after buying an additional 1,024,609 shares in the last quarter. FMR LLC raised its position in shares of Scana Corp. by 699.1% in the second quarter. FMR LLC now owns 902,276 shares of the company’s stock worth $68,266,000 after buying an additional 789,365 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Scana Corp. by 50.4% in the second quarter. AQR Capital Management LLC now owns 1,236,209 shares of the company’s stock worth $93,531,000 after buying an additional 414,514 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Scana Corp. by 5.4% in the second quarter. BlackRock Fund Advisors now owns 5,499,407 shares of the company’s stock worth $416,085,000 after buying an additional 280,435 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of Scana Corp. during the second quarter worth approximately $13,313,000. Institutional investors and hedge funds own 63.93% of the company’s stock.
Scana Corp. (NYSE:SCG) traded down 0.33% during mid-day trading on Friday, reaching $69.65. The company had a trading volume of 676,982 shares. The stock has a market capitalization of $9.95 billion, a P/E ratio of 17.50 and a beta of 0.22. Scana Corp. has a 12-month low of $56.50 and a 12-month high of $76.41. The stock has a 50 day moving average price of $70.53 and a 200-day moving average price of $71.69.
Scana Corp. (NYSE:SCG) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.27. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.36 billion. Scana Corp. had a return on equity of 10.71% and a net margin of 13.77%. Scana Corp.’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $1.04 earnings per share. Equities analysts anticipate that Scana Corp. will post $4.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Investors of record on Monday, December 12th will be issued a dividend of $0.575 per share. The ex-dividend date is Thursday, December 8th. This represents a $2.30 dividend on an annualized basis and a yield of 3.30%. Scana Corp.’s dividend payout ratio (DPR) is currently 57.79%.
A number of research analysts have commented on SCG shares. Zacks Investment Research raised Scana Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Williams Capital reaffirmed a “buy” rating on shares of Scana Corp. in a report on Monday, September 12th. Mizuho decreased their price objective on Scana Corp. from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Finally, Guggenheim started coverage on Scana Corp. in a report on Thursday, November 3rd. They issued a “buy” rating and a $78.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $73.75.
About Scana Corp.
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.
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