California Public Employees Retirement System raised its position in SCANA Co. (NYSE:SCG) by 12.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 344,683 shares of the utilities provider’s stock after buying an additional 37,642 shares during the quarter. California Public Employees Retirement System’s holdings in SCANA were worth $13,711,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in SCG. SeaCrest Wealth Management LLC bought a new position in SCANA in the 4th quarter valued at $109,000. Willingdon Wealth Management bought a new position in SCANA in the 3rd quarter valued at $112,000. Dupont Capital Management Corp boosted its holdings in SCANA by 241.1% in the 4th quarter. Dupont Capital Management Corp now owns 2,985 shares of the utilities provider’s stock valued at $119,000 after purchasing an additional 2,110 shares during the period. Amica Retiree Medical Trust boosted its holdings in SCANA by 219.1% in the 3rd quarter. Amica Retiree Medical Trust now owns 2,693 shares of the utilities provider’s stock valued at $131,000 after purchasing an additional 1,849 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in SCANA in the 4th quarter valued at $203,000. 64.10% of the stock is owned by hedge funds and other institutional investors.
Shares of SCANA Co. (SCG) opened at $39.29 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.77 and a debt-to-equity ratio of 1.12. The firm has a market cap of $5,600.00, a price-to-earnings ratio of -47.34, a PEG ratio of 3.66 and a beta of 0.20. SCANA Co. has a 52-week low of $34.76 and a 52-week high of $71.28.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Monday, March 12th will be given a dividend of $0.6125 per share. This represents a $2.45 annualized dividend and a dividend yield of 6.24%. The ex-dividend date of this dividend is Friday, March 9th. SCANA’s dividend payout ratio (DPR) is currently -295.18%.
Several research analysts have commented on the stock. Wells Fargo & Co downgraded shares of SCANA from an “outperform” rating to a “market perform” rating and set a $51.00 price target for the company. in a report on Friday, January 5th. Guggenheim raised shares of SCANA from a “sell” rating to a “neutral” rating in a report on Thursday, November 16th. They noted that the move was a valuation call. Mizuho reissued a “hold” rating and issued a $46.50 price target on shares of SCANA in a report on Thursday, January 11th. ValuEngine raised shares of SCANA from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Edward Jones raised shares of SCANA from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $52.06.
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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