Mutual of America Capital Management LLC raised its holdings in shares of SCANA Co. (NYSE:SCG) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,131 shares of the utilities provider’s stock after acquiring an additional 1,597 shares during the quarter. Mutual of America Capital Management LLC’s holdings in SCANA were worth $761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of SCG. Willingdon Wealth Management bought a new stake in SCANA during the 3rd quarter valued at $112,000. WFG Advisors LP raised its holdings in SCANA by 60.6% during the 2nd quarter. WFG Advisors LP now owns 1,747 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 659 shares during the period. Dupont Capital Management Corp raised its holdings in SCANA by 241.1% during the 4th quarter. Dupont Capital Management Corp now owns 2,985 shares of the utilities provider’s stock valued at $119,000 after acquiring an additional 2,110 shares during the period. Amica Retiree Medical Trust raised its holdings in SCANA by 219.1% during the 3rd quarter. Amica Retiree Medical Trust now owns 2,693 shares of the utilities provider’s stock valued at $131,000 after acquiring an additional 1,849 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in SCANA during the 4th quarter valued at $203,000. 68.43% of the stock is currently owned by institutional investors and hedge funds.
SCG has been the topic of a number of analyst reports. Edward Jones raised shares of SCANA from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Bank of America initiated coverage on shares of SCANA in a report on Tuesday, October 24th. They set a “neutral” rating and a $49.00 target price on the stock. Zacks Investment Research raised shares of SCANA from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 17th. Guggenheim raised shares of SCANA from a “sell” rating to a “neutral” rating in a report on Thursday, November 16th. They noted that the move was a valuation call. Finally, TheStreet cut shares of SCANA from a “b-” rating to a “c+” rating in a report on Monday, October 23rd. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $52.06.
SCANA Co. (NYSE SCG) opened at $37.71 on Friday. The company has a market cap of $5,370.00, a price-to-earnings ratio of 11.93, a PEG ratio of 3.38 and a beta of 0.20. The company has a current ratio of 0.88, a quick ratio of 0.77 and a debt-to-equity ratio of 1.12. SCANA Co. has a 1 year low of $34.76 and a 1 year high of $71.28.
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.
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