State of Alaska Department of Revenue lifted its stake in SCANA Co. (NYSE:SCG) by 9.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,640 shares of the utilities provider’s stock after purchasing an additional 3,199 shares during the period. State of Alaska Department of Revenue’s holdings in SCANA were worth $1,424,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of SCG. Pinebridge Investments L.P. boosted its position in shares of SCANA by 258.2% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,457 shares of the utilities provider’s stock worth $134,000 after purchasing an additional 2,492 shares during the last quarter. Cerebellum GP LLC bought a new position in shares of SCANA in the 3rd quarter worth $197,000. IFM Investors Pty Ltd bought a new position in shares of SCANA in the 2nd quarter worth $200,000. CIBC World Markets Inc. bought a new position in shares of SCANA in the 2nd quarter worth $203,000. Finally, Birmingham Capital Management Co. Inc. AL bought a new position in shares of SCANA in the 2nd quarter worth $204,000. Institutional investors and hedge funds own 69.82% of the company’s stock.
SCG stock opened at $40.89 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.61 and a current ratio of 0.76. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 3.55 and a beta of 0.12. SCANA Co. has a 1-year low of $33.61 and a 1-year high of $49.40.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Monday, September 10th were issued a dividend of $0.1237 per share. The ex-dividend date of this dividend was Friday, September 7th. This represents a $0.49 annualized dividend and a yield of 1.21%. SCANA’s dividend payout ratio is presently 11.67%.
SCG has been the topic of several recent research reports. Zacks Investment Research lowered SCANA from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. UBS Group upgraded SCANA from a “sell” rating to a “neutral” rating in a research report on Friday, September 28th. Wolfe Research restated an “outperform” rating on shares of SCANA in a research report on Thursday, September 27th. Mizuho upgraded SCANA from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 9th. Finally, ValuEngine upgraded SCANA from a “strong sell” rating to a “sell” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. SCANA has an average rating of “Hold” and a consensus price target of $40.08.
SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in the United States. The company owns nuclear, coal, hydro, natural gas, oil, biomass, and solar generating facilities. It also purchases, sells, and transports natural gas; and offers energy-related services.
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