Schwab Charles Investment Management Inc. boosted its stake in shares of SCANA Co. (NYSE:SCG) by 4.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 718,145 shares of the utilities provider’s stock after purchasing an additional 31,401 shares during the period. Schwab Charles Investment Management Inc.’s holdings in SCANA were worth $28,568,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Sentry Investment Management LLC increased its holdings in shares of SCANA by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 11,102 shares of the utilities provider’s stock worth $744,000 after purchasing an additional 117 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of SCANA by 2.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 5,410 shares of the utilities provider’s stock worth $363,000 after purchasing an additional 140 shares in the last quarter. WFG Advisors LP increased its holdings in shares of SCANA by 60.6% in the 2nd quarter. WFG Advisors LP now owns 1,747 shares of the utilities provider’s stock worth $117,000 after purchasing an additional 659 shares in the last quarter. Capital Investment Counsel Inc increased its holdings in shares of SCANA by 33.8% in the 3rd quarter. Capital Investment Counsel Inc now owns 4,532 shares of the utilities provider’s stock worth $220,000 after purchasing an additional 1,144 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC increased its holdings in shares of SCANA by 18.5% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 7,928 shares of the utilities provider’s stock worth $384,000 after purchasing an additional 1,240 shares in the last quarter. 68.43% of the stock is owned by institutional investors.

A number of research firms have commented on SCG. Bank of America began coverage on SCANA in a report on Tuesday, October 24th. They issued a “neutral” rating and a $49.00 target price for the company. TheStreet lowered SCANA from a “b-” rating to a “c+” rating in a report on Monday, October 23rd. Wells Fargo & Co lowered SCANA from an “outperform” rating to a “market perform” rating and set a $51.00 target price for the company. in a report on Friday, January 5th. Guggenheim raised 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, Mizuho reissued a “hold” rating and issued a $46.50 target price on shares of SCANA in a report on Thursday, January 11th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $52.06.

SCANA Co. (NYSE SCG) opened at $36.02 on Wednesday. The stock has a market capitalization of $5,140.00, a price-to-earnings ratio of 11.40, a PEG ratio of 3.36 and a beta of 0.20. SCANA Co. has a 52 week low of $34.76 and a 52 week high of $71.28. The company has a quick ratio of 0.77, a current ratio of 0.88 and a debt-to-equity ratio of 1.12.

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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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Institutional Ownership by Quarter for SCANA (NYSE:SCG)

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