Swiss National Bank Sells 63,800 Shares of SCANA (SCG)

Swiss National Bank decreased its holdings in shares of SCANA (NYSE:SCG) by 12.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 436,546 shares of the utilities provider’s stock after selling 63,800 shares during the period. Swiss National Bank owned about 0.31% of SCANA worth $16,392,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in shares of SCANA by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 324,582 shares of the utilities provider’s stock worth $15,748,000 after acquiring an additional 3,201 shares during the last quarter. Bank of Montreal Can grew its position in shares of SCANA by 25.7% during the fourth quarter. Bank of Montreal Can now owns 553,675 shares of the utilities provider’s stock worth $22,026,000 after acquiring an additional 113,366 shares during the last quarter. Creative Planning grew its position in shares of SCANA by 79.6% during the fourth quarter. Creative Planning now owns 23,719 shares of the utilities provider’s stock worth $944,000 after acquiring an additional 10,513 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of SCANA by 251.1% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 5,308 shares of the utilities provider’s stock worth $211,000 after acquiring an additional 3,796 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of SCANA by 4.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 718,145 shares of the utilities provider’s stock worth $28,568,000 after acquiring an additional 31,401 shares during the last quarter. Hedge funds and other institutional investors own 66.71% of the company’s stock.

Several research firms have recently commented on SCG. ValuEngine lowered shares of SCANA from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Williams Capital upgraded shares of SCANA from a “sell” rating to a “hold” rating and set a $33.50 price target for the company in a research report on Thursday, April 26th. Zacks Investment Research upgraded shares of SCANA from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 24th. Mizuho restated a “hold” rating and set a $35.50 price target on shares of SCANA in a research report on Monday, April 2nd. Finally, UBS began coverage on shares of SCANA in a research report on Friday, February 2nd. They set a “sell” rating and a $38.00 price target for the company. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $48.63.

Shares of SCANA opened at $34.32 on Monday, according to MarketBeat. The stock has a market capitalization of $4.89 billion, a P/E ratio of 8.17, a P/E/G ratio of 3.34 and a beta of 0.20. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.82 and a quick ratio of 0.66. SCANA has a 52-week low of $33.75 and a 52-week high of $71.28.

SCANA (NYSE:SCG) last announced its earnings results on Thursday, April 26th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.01). The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.29 billion. SCANA had a negative net margin of 2.74% and a positive return on equity of 10.80%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 EPS. equities research analysts expect that SCANA will post 2.93 EPS for the current fiscal year.

SCANA Company Profile

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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Institutional Ownership by Quarter for SCANA (NYSE:SCG)

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