UBS Group initiated coverage on shares of SCANA (NYSE:SCG) in a report released on Friday, www.benzinga.com reports. The firm issued a sell rating and a $38.00 price target on the utilities provider’s stock.
Other analysts also recently issued research reports about the stock. Edward Jones upgraded shares of SCANA from a hold rating to a buy rating in a report on Monday, November 13th. ValuEngine upgraded shares of SCANA from a hold rating to a buy rating in a report on Friday, December 1st. TheStreet downgraded shares of SCANA from a b- rating to a c+ rating in a report on Monday, October 23rd. Zacks Investment Research upgraded shares of SCANA from a strong sell rating to a hold rating in a report on Wednesday, January 17th. Finally, Mizuho reiterated a hold rating and issued a $46.50 price objective on shares of SCANA in a report on Thursday, January 11th. Four 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. The stock has an average rating of Hold and an average target price of $52.06.
Shares of SCANA (NYSE SCG) opened at $37.44 on Friday. The company has a market cap of $5,350.00, a PE ratio of 11.85, a price-to-earnings-growth ratio of 3.63 and a beta of 0.20. The company has a quick ratio of 0.77, a current ratio of 0.88 and a debt-to-equity ratio of 1.12. SCANA has a 1-year low of $37.10 and a 1-year high of $71.28.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Crossmark Global Holdings Inc. increased its holdings in shares of SCANA by 68.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 45,059 shares of the utilities provider’s stock worth $1,792,000 after buying an additional 18,293 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of SCANA by 44.2% during the 4th quarter. Stephens Inc. AR now owns 31,507 shares of the utilities provider’s stock worth $1,253,000 after buying an additional 9,650 shares during the last quarter. Alps Advisors Inc. acquired a new stake in shares of SCANA during the 4th quarter worth approximately $41,830,000. Greenwood Capital Associates LLC increased its holdings in shares of SCANA by 78.3% during the 4th quarter. Greenwood Capital Associates LLC now owns 15,959 shares of the utilities provider’s stock worth $635,000 after buying an additional 7,008 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in shares of SCANA by 84.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 7,920 shares of the utilities provider’s stock worth $315,000 after buying an additional 3,620 shares during the last quarter. Institutional investors and hedge funds own 67.97% of the company’s stock.
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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.
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