Greenwood Capital Associates LLC increased its stake in shares of SCANA by 24.8% in the first quarter. (NYSE:SCG) by 22.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. Sigma Planning Corp now owns 3,266 shares of the utilities provider's stock valued at $219,000 after purchasing an additional 10 shares during the period. Aberdeen Asset Management PLC UK's holdings in SCANA were worth $2,548,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. JPMorgan Chase & Co. now owns 153,739 shares of the utilities provider's stock worth $7,840,000 after acquiring an additional 25,942 shares during the last quarter. Janus Henderson Group PLC raised its position in SCANA by 6,220.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 76,346 shares of the utilities provider's stock valued at $4,989,000 after buying an additional 13,892 shares during the period. Great West Life Assurance Co. Nordea Investment Management AB grew its stake in shares of SCANA by 1,365.8% in the second quarter. Can now owns 342,584 shares of the utilities provider's stock worth $16,852,000 after acquiring an additional 23,569 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of SCANA by 0.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the utilities provider's stock valued at $596,000 after purchasing an additional 100 shares during the period. Insiders own 0.40% of the company's stock. (NYSE SCG) traded up $0.28 during midday trading on Thursday, reaching $43.78. 2,111,000 shares of the company's stock traded hands, compared to its average volume of 1,393,543.
Currently, the stock carries a price to earnings ratio of 6.64, a price to book ratio of 1.91, and a price to sales ratio of 298.04. The stock has a market cap of $6,322.18, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 3.04 and a beta of 0.20.
Overview of Analyst's thoughts:: CVS Health Corporation (CVS)
Strategic Global Advisors Llc decreased Visteon Corp (NYSE:VC) stake by 5,922 shares to 22,643 valued at $2.31 million in 2017Q2. Following the transaction, the insider now directly owns 299,255 shares in the company, valued at approximately $24,859,112.85.
SCANA (NYSE:SCG) last announced its earnings results on Thursday, October 26th. The company's net profit margin has achieved the current level of 10.5 percent and possesses 72.6 percent gross margin. The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the prior year, the firm earned $1.23 earnings per share. SCANA's revenue for the quarter was down 1.6% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Tuesday, December 12th will be paid a $0.6125 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 3.57%. SCANA's dividend payout ratio is presently 57.79%. A number of analysts have recently weighed in on the stock. Bank of America started coverage on shares of SCANA in a research report on Tuesday, October 24th. Morgan Stanley lifted their target price on shares of SCANA from $58.00 to $59.00 and gave the company an "underweight" rating in a report on Thursday, August 10th. Edward Jones upgraded shares of SCANA from a "hold" rating to a "buy" rating in a research report on Monday, November 13th. Zacks Investment Research raised shares of SCANA from a "sell" rating to a "hold" rating in a report on Wednesday, September 6th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The company has an average rating of "Hold" and a consensus target price of $61.44. The correct version of this piece can be accessed at https://weekherald.com/2017/12/07/wells-fargo-company-mn-has-70-92-million-holdings-in-scana-co-scg.html. The Company operates through segments, including Electric Operations, Gas Distribution, Gas Marketing and All Other.
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