BB&T Investment Services Inc. raised its holdings in SCANA Co. (NYSE:SCG) by 51.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,379 shares of the utilities provider’s stock after buying an additional 1,487 shares during the quarter. BB&T Investment Services Inc.’s holdings in SCANA were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SCG. Dimensional Fund Advisors LP grew its holdings in SCANA by 6.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 318,371 shares of the utilities provider’s stock valued at $20,806,000 after buying an additional 18,686 shares during the period. Nisa Investment Advisors LLC grew its holdings in SCANA by 51.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 7,400 shares of the utilities provider’s stock valued at $496,000 after buying an additional 2,500 shares during the period. Louisiana State Employees Retirement System grew its holdings in SCANA by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the utilities provider’s stock valued at $596,000 after buying an additional 100 shares during the period. Shell Asset Management Co. grew its holdings in SCANA by 0.4% in the 2nd quarter. Shell Asset Management Co. now owns 12,668 shares of the utilities provider’s stock valued at $849,000 after buying an additional 53 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in SCANA by 1.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 28,695 shares of the utilities provider’s stock valued at $1,923,000 after buying an additional 311 shares during the period. Institutional investors own 66.78% of the company’s stock.

Shares of SCANA Co. (NYSE SCG) traded down $0.83 during trading hours on Wednesday, hitting $43.50. The stock had a trading volume of 2,111,000 shares, compared to its average volume of 1,393,543. The company has a quick ratio of 0.77, a current ratio of 0.88 and a debt-to-equity ratio of 1.12. SCANA Co. has a 1-year low of $41.15 and a 1-year high of $74.99. The stock has a market cap of $6,322.18, a PE ratio of 10.89, a P/E/G ratio of 3.04 and a beta of 0.20.

SCANA (NYSE:SCG) last issued its earnings results on Thursday, October 26th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the firm posted $1.32 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. research analysts expect that SCANA Co. 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. Stockholders of record on Tuesday, December 12th will be issued a dividend of $0.6125 per share. This represents a $2.45 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date is Monday, December 11th. SCANA’s payout ratio is currently 77.78%.

SCG has been the subject of several recent analyst reports. Edward Jones upgraded SCANA from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Mizuho upgraded SCANA from an “underperform” rating to a “neutral” rating and set a $58.50 price target for the company in a report on Monday, August 28th. Zacks Investment Research upgraded SCANA from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Morgan Stanley lifted their price target on SCANA from $58.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. Finally, Bank of America started coverage on SCANA in a report on Tuesday, October 24th. They issued a “neutral” rating and a $49.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $61.44.

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SCANA 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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Institutional Ownership by Quarter for SCANA (NYSE:SCG)

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