SCANA (NYSE:SCG) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Monday.
SCG has been the topic of a number of other reports. Wells Fargo downgraded shares of SCANA from an “outperform” rating to a “market perform” rating and set a $51.00 price objective on the stock. in a research note on Friday, January 5th. UBS started coverage on shares of SCANA in a research note on Friday, February 2nd. They set a “sell” rating and a $38.00 price objective on the stock. Zacks Investment Research upgraded shares of SCANA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, Mizuho reiterated a “hold” rating and set a $46.50 price objective on shares of SCANA in a research note on Thursday, January 11th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. SCANA currently has an average rating of “Hold” and an average price target of $50.69.
Shares of SCG stock traded up $0.49 on Monday, hitting $38.04. The company’s stock had a trading volume of 2,729,200 shares, compared to its average volume of 2,548,908. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 0.88. SCANA has a fifty-two week low of $34.76 and a fifty-two week high of $71.28. The company has a market capitalization of $5,356.07, a PE ratio of 9.06, a price-to-earnings-growth ratio of 3.62 and a beta of 0.21.
Several hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of SCANA by 38.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 11,926 shares of the utilities provider’s stock worth $474,000 after acquiring an additional 3,312 shares during the last quarter. OLD Republic International Corp lifted its holdings in shares of SCANA by 139.8% in the fourth quarter. OLD Republic International Corp now owns 790,800 shares of the utilities provider’s stock worth $31,458,000 after acquiring an additional 461,000 shares during the last quarter. Sawtooth Solutions LLC bought a new position in shares of SCANA in the fourth quarter worth about $938,000. Sterling Capital Management LLC bought a new position in shares of SCANA in the fourth quarter worth about $775,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of SCANA in the fourth quarter worth about $1,755,000. 70.31% of the stock is owned by hedge funds and other institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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