BB&T Securities LLC grew its holdings in shares of SCANA Co. (NYSE:SCG) by 22.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,869 shares of the utilities provider’s stock after purchasing an additional 6,313 shares during the period. BB&T Securities LLC’s holdings in SCANA were worth $1,642,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sigma Planning Corp boosted its position in shares of SCANA by 0.3% during the 2nd quarter. Sigma Planning Corp now owns 3,266 shares of the utilities provider’s stock worth $219,000 after acquiring an additional 10 shares in the last quarter. Polaris Greystone Financial Group LLC boosted its position in shares of SCANA by 0.8% during the 2nd quarter. Polaris Greystone Financial Group LLC now owns 4,665 shares of the utilities provider’s stock worth $313,000 after acquiring an additional 35 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of SCANA by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 13,836 shares of the utilities provider’s stock worth $927,000 after acquiring an additional 44 shares in the last quarter. Shell Asset Management Co. boosted its position in shares of SCANA by 0.4% during the 2nd quarter. Shell Asset Management Co. now owns 12,668 shares of the utilities provider’s stock worth $849,000 after acquiring an additional 53 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of SCANA by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the utilities provider’s stock worth $596,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 66.78% of the company’s stock.

Several brokerages recently commented on SCG. Williams Capital dropped their price objective on shares of SCANA from $70.00 to $50.00 and set a “hold” rating for the company in a research note on Wednesday, September 27th. Zacks Investment Research raised shares of SCANA from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. TheStreet downgraded shares of SCANA from a “b-” rating to a “c+” rating in a research note on Monday, October 23rd. Guggenheim raised shares of 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. Finally, ValuEngine raised shares of SCANA from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.44.

Shares of SCANA Co. (SCG) traded up $0.28 during trading hours on Thursday, reaching $43.78. 2,469,200 shares of the company traded hands, compared to its average volume of 1,398,120. The company has a market cap of $6,203.81, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 2.98 and a beta of 0.20. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.77 and a current ratio of 0.88. SCANA Co. has a fifty-two week low of $41.15 and a fifty-two week high of $74.99.

SCANA (NYSE:SCG) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by ($0.01). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.17 billion. SCANA had a net margin of 10.45% and a return on equity of 10.05%. SCANA’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.32 EPS. equities 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. Stockholders of record on Tuesday, December 12th will be paid a dividend of $0.6125 per share. This represents a $2.45 annualized dividend and a dividend yield of 5.60%. The ex-dividend date is Monday, December 11th. SCANA’s payout ratio is currently 77.78%.

TRADEMARK VIOLATION WARNING: “BB&T Securities LLC Has $1.64 Million Holdings in SCANA Co. (SCG)” was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://theolympiareport.com/2017/12/07/bbt-securities-llc-has-1-64-million-holdings-in-scana-co-scg.html.

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.

Want to see what other hedge funds are holding SCG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SCANA Co. (NYSE:SCG).

Institutional Ownership by Quarter for SCANA (NYSE:SCG)

Receive News & Ratings for SCANA Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SCANA Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.