Redpoint Investment Management Pty Ltd raised its holdings in shares of SCANA Co. (NYSE:SCG) by 13.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,327 shares of the utilities provider’s stock after acquiring an additional 3,957 shares during the quarter. Redpoint Investment Management Pty Ltd’s holdings in SCANA were worth $1,284,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SCG. Migdal Insurance & Financial Holdings Ltd. purchased a new position in SCANA during the 1st quarter valued at about $137,000. IFM Investors Pty Ltd purchased a new position in SCANA during the 2nd quarter valued at about $200,000. Cetera Advisor Networks LLC purchased a new position in SCANA during the 1st quarter valued at about $202,000. CIBC World Markets Inc. purchased a new position in SCANA during the 2nd quarter valued at about $203,000. Finally, Birmingham Capital Management Co. Inc. AL purchased a new position in SCANA during the 2nd quarter valued at about $204,000. 68.08% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on the company. Zacks Investment Research cut SCANA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Mizuho raised SCANA from a “neutral” rating to a “buy” rating in a research note on Friday, June 29th. UBS Group lowered their price target on SCANA from $36.00 to $35.00 and set a “sell” rating for the company in a research note on Friday, August 10th. Williams Capital cut SCANA from a “hold” rating to a “sell” rating and set a $30.00 price target for the company. in a research note on Tuesday, May 29th. Finally, ValuEngine cut SCANA from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $40.79.

Shares of NYSE SCG opened at $38.95 on Friday. The company has a market capitalization of $5.38 billion, a P/E ratio of 9.38, a PEG ratio of 3.59 and a beta of 0.18. SCANA Co. has a 52 week low of $33.61 and a 52 week high of $60.84. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.76 and a quick ratio of 0.61.

SCANA (NYSE:SCG) last announced its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.08. The business had revenue of $843.00 million during the quarter, compared to analysts’ expectations of $858.45 million. SCANA had a positive return on equity of 10.57% and a negative net margin of 5.50%. The firm’s quarterly revenue was down 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. equities analysts forecast that SCANA Co. will post 3 earnings per share for the current year.

SCANA Profile

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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