SCANA Co. (SCG) Holdings Trimmed by Kentucky Retirement Systems

Kentucky Retirement Systems lowered its holdings in SCANA Co. (NYSE:SCG) by 46.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,204 shares of the utilities provider’s stock after selling 5,400 shares during the quarter. Kentucky Retirement Systems’ holdings in SCANA were worth $296,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Alliancebernstein L.P. grew its stake in SCANA by 8.8% during the 3rd quarter. Alliancebernstein L.P. now owns 351,532 shares of the utilities provider’s stock worth $13,671,000 after buying an additional 28,487 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of SCANA by 5.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 99,524 shares of the utilities provider’s stock worth $3,870,000 after acquiring an additional 5,359 shares during the period. American International Group Inc. lifted its position in shares of SCANA by 6.8% in the 3rd quarter. American International Group Inc. now owns 51,645 shares of the utilities provider’s stock worth $2,008,000 after acquiring an additional 3,292 shares during the period. FMR LLC lifted its position in shares of SCANA by 64.5% during the 3rd quarter. FMR LLC now owns 2,931,009 shares of the utilities provider’s stock worth $113,987,000 after buying an additional 1,148,786 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of SCANA by 57.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 11,608 shares of the utilities provider’s stock worth $472,000 after buying an additional 4,221 shares during the period. 68.47% of the stock is currently owned by hedge funds and other institutional investors.

The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.97 and a current ratio of 1.22. SCANA Co. has a 52 week low of $33.61 and a 52 week high of $51.27. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 7.39 and a beta of 0.03.

A number of equities research analysts recently commented on SCG shares. Zacks Investment Research raised SCANA from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. ValuEngine cut SCANA from a “buy” 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 assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $46.25.

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SCANA Company 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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