BB&T Securities LLC lessened its holdings in SCANA Co. (NYSE:SCG) by 71.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,881 shares of the utilities provider’s stock after selling 131,552 shares during the period. BB&T Securities LLC’s holdings in SCANA were worth $2,478,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC increased its position in SCANA by 64.5% during the third quarter. FMR LLC now owns 2,931,009 shares of the utilities provider’s stock worth $113,987,000 after buying an additional 1,148,786 shares in the last quarter. Vanguard Group Inc raised its position in SCANA by 2.9% in the third quarter. Vanguard Group Inc now owns 15,360,813 shares of the utilities provider’s stock worth $597,382,000 after purchasing an additional 428,015 shares in the last quarter. Vanguard Group Inc. boosted its stake in SCANA by 2.9% in the third quarter. Vanguard Group Inc. now owns 15,360,813 shares of the utilities provider’s stock valued at $597,382,000 after acquiring an additional 428,015 shares during the last quarter. Alpine Associates Management Inc. acquired a new stake in shares of SCANA during the third quarter worth $14,035,000. Finally, Gabelli Funds LLC increased its stake in shares of SCANA by 64.9% during the 4th quarter. Gabelli Funds LLC now owns 899,384 shares of the utilities provider’s stock worth $42,973,000 after purchasing an additional 353,884 shares during the last quarter. Institutional investors own 68.47% of the company’s stock.
Shares of SCG opened at $47.78 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 2.24. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 7.39 and a beta of 0.03. SCANA Co. has a 1 year low of $33.61 and a 1 year high of $51.27.
SCG has been the subject of several analyst reports. Guggenheim downgraded shares of SCANA from a “buy” rating to a “neutral” rating and increased their target price for the company from $49.00 to $51.00 in a report on Monday, December 17th. Wells Fargo & Co raised their price target on SCANA from $39.00 to $54.00 and gave the company a “market perform” rating in a research note on Monday, December 17th. ValuEngine upgraded SCANA from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Zacks Investment Research raised SCANA from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. Finally, Mizuho reissued a “buy” rating and issued a $48.50 price target on shares of SCANA in a report on Tuesday, November 27th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. SCANA currently has a consensus rating of “Hold” and an average target price of $46.25.
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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