Scana Corporation (SCG) Shares Bought by ARGI Investment Services LLC

Scana Corporation (SCG) Shares Bought by ARGI Investment Services LLC

ARGI Investment Services LLC boosted its stake in shares of Scana Corporation (NYSE:SCG) by 11.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,021 shares of the company’s stock after buying an additional 2,811 shares during the period. ARGI Investment Services LLC’s holdings in Scana Corporation were worth $2,028,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hennessy Advisors Inc. increased its position in Scana Corporation by 11.4% in the third quarter. Hennessy Advisors Inc. now owns 184,966 shares of the company’s stock valued at $13,386,000 after buying an additional 19,000 shares in the last quarter. TD Asset Management Inc. increased its position in Scana Corporation by 3.5% in the third quarter. TD Asset Management Inc. now owns 145,809 shares of the company’s stock valued at $10,552,000 after buying an additional 4,993 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Scana Corporation by 5.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 400,837 shares of the company’s stock valued at $30,327,000 after buying an additional 21,568 shares in the last quarter. World Asset Management Inc increased its position in Scana Corporation by 2.3% in the third quarter. World Asset Management Inc now owns 14,753 shares of the company’s stock valued at $1,068,000 after buying an additional 332 shares in the last quarter. Finally, First Midwest Bank Trust Division increased its position in Scana Corporation by 33.4% in the third quarter. First Midwest Bank Trust Division now owns 43,554 shares of the company’s stock valued at $3,152,000 after buying an additional 10,894 shares in the last quarter. 65.26% of the stock is owned by hedge funds and other institutional investors.

Scana Corporation (NYSE:SCG) opened at 69.70 on Friday. The stock’s 50 day moving average price is $71.70 and its 200-day moving average price is $71.78. Scana Corporation has a 12-month low of $62.85 and a 12-month high of $76.41. The stock has a market capitalization of $9.96 billion, a PE ratio of 17.51 and a beta of 0.21.

Several research analysts recently commented on SCG shares. Macquarie downgraded Scana Corporation from an “outperform” rating to a “neutral” rating and set a $75.00 price objective for the company. in a research note on Tuesday, January 24th. Mizuho dropped their target price on Scana Corporation from $84.00 to $80.00 and set a “buy” rating for the company in a report on Friday, October 28th. Zacks Investment Research cut Scana Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, January 11th. Finally, Guggenheim began coverage on Scana Corporation in a report on Thursday, November 3rd. They issued a “buy” rating and a $78.00 target price for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Scana Corporation has a consensus rating of “Hold” and a consensus target price of $73.93.

About Scana Corporation

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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