Caisse DE Depot ET Placement DU Quebec Decreases Holdings in SCANA Co. (SCG)

Caisse DE Depot ET Placement DU Quebec cut its holdings in shares of SCANA Co. (NYSE:SCG) by 12.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,224 shares of the utilities provider’s stock after selling 7,960 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in SCANA were worth $2,689,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Willingdon Wealth Management purchased a new stake in shares of SCANA during the 3rd quarter worth about $112,000. WFG Advisors LP raised its stake in shares of SCANA by 60.6% during the 2nd quarter. WFG Advisors LP now owns 1,747 shares of the utilities provider’s stock worth $117,000 after purchasing an additional 659 shares in the last quarter. Amica Retiree Medical Trust raised its stake in shares of SCANA by 219.1% during the 3rd quarter. Amica Retiree Medical Trust now owns 2,693 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 1,849 shares in the last quarter. Fiduciary Trust Co. purchased a new stake in shares of SCANA during the 2nd quarter worth about $164,000. Finally, Pacer Advisors Inc. raised its stake in shares of SCANA by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 2,641 shares of the utilities provider’s stock worth $177,000 after purchasing an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 66.78% of the company’s stock.

Shares of SCANA Co. (NYSE SCG) traded down $2.79 during mid-day trading on Tuesday, hitting $42.38. The company had a trading volume of 3,575,200 shares, compared to its average volume of 1,413,291. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.88 and a quick ratio of 0.77. SCANA Co. has a 1-year low of $41.15 and a 1-year high of $74.99. The company has a market cap of $6,528.97, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 3.14 and a beta of 0.20.

SCANA (NYSE:SCG) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.17 by ($0.01). SCANA had a net margin of 10.45% and a return on equity of 10.05%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the business posted $1.32 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. sell-side analysts predict that SCANA Co. will post 4.17 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th will be given a $0.6125 dividend. This represents a $2.45 annualized dividend and a yield of 5.78%. The ex-dividend date of this dividend is Monday, December 11th. SCANA’s dividend payout ratio is currently 77.78%.

A number of equities research analysts have recently weighed in on the company. ValuEngine raised SCANA from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Guggenheim raised SCANA from a “sell” rating to a “neutral” rating in a research note on Thursday, November 16th. They noted that the move was a valuation call. Edward Jones raised SCANA from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. TheStreet downgraded SCANA from a “b-” rating to a “c+” rating in a research note on Monday, October 23rd. Finally, Bank of America assumed coverage on SCANA in a research note on Tuesday, October 24th. They set a “neutral” rating and a $49.00 price target for the company. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. SCANA currently has an average rating of “Hold” and an average target price of $61.44.

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About SCANA

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.

Institutional Ownership by Quarter for SCANA (NYSE:SCG)

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