SCANA (SCG) Hits New 52-Week Low at $34.81

Shares of SCANA Co. (NYSE:SCG) reached a new 52-week low on Monday . The company traded as low as $34.81 and last traded at $34.83, with a volume of 1084568 shares trading hands. The stock had previously closed at $36.30.

A number of analysts recently weighed in on SCG shares. Edward Jones raised shares of SCANA from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. ValuEngine raised shares of SCANA from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. TheStreet cut shares of SCANA from a “b-” rating to a “c+” rating in a research note on Monday, October 23rd. Zacks Investment Research raised shares of SCANA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, Mizuho reaffirmed a “hold” rating and set a $46.50 price objective on shares of SCANA in a research note on Thursday, January 11th. Four analysts have rated the stock with a sell rating, eight have issued 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 an average target price of $52.06.

The company has a debt-to-equity ratio of 1.12, a current ratio of 0.88 and a quick ratio of 0.77. The firm has a market cap of $5,180.00, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 3.36 and a beta of 0.20.

A number of institutional investors have recently modified their holdings of SCG. First Republic Investment Management Inc. acquired a new position in shares of SCANA during the fourth quarter worth approximately $401,000. FDx Advisors Inc. acquired a new position in shares of SCANA during the fourth quarter worth approximately $1,482,000. ARP Americas LP acquired a new position in shares of SCANA during the fourth quarter worth approximately $549,000. American International Group Inc. lifted its position in shares of SCANA by 14.1% during the fourth quarter. American International Group Inc. now owns 48,601 shares of the utilities provider’s stock worth $1,933,000 after purchasing an additional 5,990 shares in the last quarter. Finally, TCW Group Inc. acquired a new position in shares of SCANA during the fourth quarter worth approximately $890,000. 68.43% of the stock is currently owned by hedge funds and other institutional investors.

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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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