Deutsche Bank AG trimmed its position in SCANA Co. (NYSE:SCG) by 65.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 269,038 shares of the utilities provider’s stock after selling 515,560 shares during the period. Deutsche Bank AG owned 0.19% of SCANA worth $12,849,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SCG. Oregon Public Employees Retirement Fund grew its stake in SCANA by 5,416.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,310,915 shares of the utilities provider’s stock worth $69,000 after purchasing an additional 3,250,900 shares in the last quarter. FMR LLC grew its stake in SCANA by 108.3% in the fourth quarter. FMR LLC now owns 6,105,038 shares of the utilities provider’s stock worth $291,699,000 after purchasing an additional 3,174,029 shares in the last quarter. Jennison Associates LLC acquired a new position in SCANA in the fourth quarter worth about $73,591,000. Zimmer Partners LP grew its stake in SCANA by 315.2% in the fourth quarter. Zimmer Partners LP now owns 1,609,073 shares of the utilities provider’s stock worth $76,882,000 after purchasing an additional 1,221,573 shares in the last quarter. Finally, Norges Bank acquired a new position in SCANA in the fourth quarter worth about $50,291,000. Institutional investors and hedge funds own 68.47% of the company’s stock.

Shares of NYSE SCG opened at $47.78 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 2.24. SCANA Co. has a 52-week low of $33.61 and a 52-week high of $51.27. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 7.39 and a beta of 0.03.

SCG has been the topic of a number of recent research reports. Guggenheim cut shares of SCANA from a “buy” rating to a “neutral” rating and raised their target price for the stock from $49.00 to $51.00 in a report on Monday, December 17th. Wells Fargo & Co raised their target price on shares of SCANA from $39.00 to $54.00 and gave the stock a “market perform” rating in a report on Monday, December 17th. ValuEngine raised shares of SCANA from a “hold” rating to a “buy” rating in a report on Friday, December 21st. Finally, Zacks Investment Research raised shares of SCANA from a “sell” rating to a “hold” rating in a report on Monday, December 31st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.25.

ILLEGAL ACTIVITY WARNING: This news story was reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://www.dailypolitical.com/2019/04/16/deutsche-bank-ag-decreases-position-in-scana-co-scg.html.

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.

Read More: Do Tariffs Work?

Institutional Ownership by Quarter for SCANA (NYSE:SCG)

Receive News & Ratings for SCANA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SCANA and related companies with MarketBeat.com's FREE daily email newsletter.