SCANA Co. (SCG) Given Consensus Recommendation of “Hold” by Analysts

SCANA Co. (NYSE:SCG) has been given a consensus recommendation of “Hold” by the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $52.36.

Several equities research analysts have recently commented on SCG shares. Edward Jones raised shares of SCANA from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. Wells Fargo & Co cut shares of SCANA from an “outperform” rating to a “market perform” rating and set a $51.00 target price for the company. in a research report on Friday, January 5th. ValuEngine raised shares of SCANA from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Bank of America started coverage on shares of SCANA in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $49.00 target price for the company. Finally, UBS Group started coverage on shares of SCANA in a research report on Friday, February 2nd. They issued a “sell” rating and a $38.00 target price for the company.

A number of hedge funds and other institutional investors have recently modified their holdings of SCG. Jennison Associates LLC purchased a new position in SCANA during the 4th quarter valued at about $69,408,000. Thompson Siegel & Walmsley LLC lifted its position in SCANA by 139.2% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,682,139 shares of the utilities provider’s stock valued at $130,057,000 after acquiring an additional 1,560,863 shares during the period. Alps Advisors Inc. purchased a new position in SCANA during the 4th quarter valued at about $41,830,000. Bank of New York Mellon Corp lifted its position in SCANA by 67.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,170,207 shares of the utilities provider’s stock valued at $105,234,000 after acquiring an additional 875,095 shares during the period. Finally, Prudential Financial Inc. lifted its position in SCANA by 183.7% during the 3rd quarter. Prudential Financial Inc. now owns 1,044,106 shares of the utilities provider’s stock valued at $50,629,000 after acquiring an additional 676,055 shares during the period. 68.43% of the stock is owned by institutional investors.

SCANA (NYSE SCG) traded up $0.27 during trading hours on Tuesday, hitting $35.93. 1,302,404 shares of the stock traded hands, compared to its average volume of 3,572,455. SCANA has a 12-month low of $34.76 and a 12-month high of $71.28. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.77 and a current ratio of 0.88. The stock has a market cap of $5,187.88, a PE ratio of 11.32, a price-to-earnings-growth ratio of 3.36 and a beta of 0.20.

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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.

Analyst Recommendations for SCANA (NYSE:SCG)

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