Capital Investment Advisory Services LLC lessened its position in SCANA Co. (NYSE:SCG) by 27.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,925 shares of the utilities provider’s stock after selling 2,628 shares during the period. Capital Investment Advisory Services LLC’s holdings in SCANA were worth $331,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Rockland Trust Co. purchased a new position in shares of SCANA in the 4th quarter valued at about $33,000. Ipswich Investment Management Co. Inc. purchased a new position in shares of SCANA in the 4th quarter valued at about $34,000. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of SCANA by 258.0% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,074 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 774 shares in the last quarter. CX Institutional purchased a new position in shares of SCANA in the 4th quarter valued at about $91,000. Finally, Polaris Greystone Financial Group LLC purchased a new position in shares of SCANA in the 3rd quarter valued at about $109,000. Institutional investors own 68.47% of the company’s stock.
NYSE:SCG opened at $47.78 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 2.24. SCANA Co. has a twelve month low of $33.61 and a twelve month high of $51.27. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 7.39 and a beta of 0.03.
Several equities analysts have weighed in on the stock. Wells Fargo & Co raised their target price on shares of SCANA from $39.00 to $54.00 and gave the company a “market perform” rating in a report on Monday, December 17th. ValuEngine upgraded shares of SCANA from a “sell” rating to a “hold” rating in a report on Tuesday, November 20th. Guggenheim downgraded shares of SCANA from a “buy” rating to a “neutral” rating and raised their target price for the company from $49.00 to $51.00 in a report on Monday, December 17th. Zacks Investment Research downgraded shares of SCANA from a “hold” rating to a “sell” rating in a report on Thursday, October 25th. Finally, Williams Capital upgraded shares of SCANA from a “sell” rating to a “hold” rating and raised their target price for the company from $30.00 to $49.00 in a report on Monday, November 26th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. SCANA presently has a consensus rating of “Hold” and an average target price of $46.25.
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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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