Scana Corporation (SCG) Position Decreased by Ameriprise Financial Inc.

Scana Corporation (SCG) Position Decreased by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its stake in shares of Scana Corporation (NYSE:SCG) by 12.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 113,168 shares of the company’s stock after selling 16,460 shares during the period. Ameriprise Financial Inc. owned 0.08% of Scana Corporation worth $8,204,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SCG. NEXT Financial Group Inc boosted its position in shares of Scana Corporation by 290.8% in the third quarter. NEXT Financial Group Inc now owns 1,606 shares of the company’s stock valued at $116,000 after buying an additional 1,195 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Scana Corporation by 10.2% in the second quarter. Pacer Advisors Inc. now owns 2,389 shares of the company’s stock valued at $181,000 after buying an additional 222 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Scana Corporation during the second quarter valued at about $200,000. Tredje AP fonden purchased a new position in shares of Scana Corporation during the second quarter valued at about $203,000. Finally, Family Firm Inc. purchased a new position in shares of Scana Corporation during the second quarter valued at about $207,000. 65.25% of the stock is currently owned by institutional investors.

Shares of Scana Corporation (NYSE:SCG) traded down 0.52% during mid-day trading on Friday, reaching $68.55. The company had a trading volume of 335,170 shares. The stock has a 50 day moving average of $72.47 and a 200-day moving average of $72.01. The company has a market capitalization of $9.80 billion, a price-to-earnings ratio of 17.22 and a beta of 0.21. Scana Corporation has a 52 week low of $61.86 and a 52 week high of $76.41.

Several brokerages have issued reports on SCG. Guggenheim began coverage on Scana Corporation in a research report on Thursday, November 3rd. They issued a “buy” rating and a $78.00 target price on the stock. Zacks Investment Research cut Scana Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, January 11th. Macquarie cut Scana Corporation from an “outperform” rating to a “neutral” rating and set a $75.00 target price on the stock. in a research report on Tuesday. Finally, Mizuho dropped their target price on Scana Corporation from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Scana Corporation presently has a consensus rating of “Hold” and an average target price of $73.93.

Scana Corporation Company Profile

SCANA Corporation is a holding company. The Company, through its subsidiaries, is engaged in generation, transmission, distribution and sale of electricity, and the purchase, sale and transportation of natural gas in North Carolina and South Carolina. It operates through segments, including Electric Operations, Gas Distribution, Retail Gas Marketing, Energy Marketing and All Other.

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