QS Investors LLC Grows Holdings in SCANA Co. (SCG)

QS Investors LLC raised its position in SCANA Co. (NYSE:SCG) by 166.8% during the 4th quarter, HoldingsChannel reports. The fund owned 84,213 shares of the utilities provider’s stock after buying an additional 52,652 shares during the quarter. QS Investors LLC’s holdings in SCANA were worth $4,024,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisor Partners LLC raised its stake in shares of SCANA by 3.7% during the 4th quarter. Advisor Partners LLC now owns 8,671 shares of the utilities provider’s stock worth $414,000 after purchasing an additional 313 shares in the last quarter. Miller Howard Investments Inc. NY raised its stake in shares of SCANA by 1.0% during the 4th quarter. Miller Howard Investments Inc. NY now owns 58,779 shares of the utilities provider’s stock worth $2,808,000 after purchasing an additional 566 shares in the last quarter. Redpoint Investment Management Pty Ltd raised its stake in shares of SCANA by 3.0% during the 4th quarter. Redpoint Investment Management Pty Ltd now owns 22,099 shares of the utilities provider’s stock worth $1,056,000 after purchasing an additional 635 shares in the last quarter. Piedmont Investment Advisors Inc. raised its stake in shares of SCANA by 8.3% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 8,350 shares of the utilities provider’s stock worth $399,000 after purchasing an additional 637 shares in the last quarter. Finally, Rockland Trust Co. bought a new stake in shares of SCANA during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 68.47% of the company’s stock.

Shares of SCANA stock opened at $47.78 on Friday. SCANA Co. has a 12-month low of $33.61 and a 12-month high of $51.27. The company has a market cap of $6.81 billion, a PE ratio of 11.38, a P/E/G ratio of 7.39 and a beta of 0.03. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 2.24.

A number of equities research analysts have recently issued reports on SCG shares. ValuEngine upgraded SCANA from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. Guggenheim upgraded SCANA from a “neutral” rating to a “buy” rating in a research note on Monday, November 26th. Mizuho reiterated a “buy” rating and set a $48.50 price objective on shares of SCANA in a research note on Tuesday, November 27th. Williams Capital upgraded SCANA from a “sell” rating to a “hold” rating and upped their price objective for the stock from $30.00 to $49.00 in a research note on Monday, November 26th. Finally, Zacks Investment Research upgraded SCANA from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $46.25.

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About SCANA

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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Institutional Ownership by Quarter for SCANA (NYSE:SCG)

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