Denali Advisors buys $13,850,304 stake in SCANA Corporation (SCG)

SCANA Corporation (SCG) : Denali Advisors scooped up 73,900 additional shares in SCANA Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 11, 2016. The investment management firm now holds a total of 198,400 shares of SCANA Corporation which is valued at $13,850,304.SCANA Corporation makes up approximately 3.09% of Denali Advisors’s portfolio.

SCANA Corporation opened for trading at $69.36 and hit $69.98 on the upside on Friday, eventually ending the session at $69.81, with a gain of 0.81% or 0.56 points. The heightened volatility saw the trading volume jump to 6,20,071 shares. Company has a market cap of $9,977 M.

Other Hedge Funds, Including , Creative Planning boosted its stake in SCG in the latest quarter, The investment management firm added 127 additional shares and now holds a total of 8,631 shares of SCANA Corporation which is valued at $596,834.Proficio Capital Partners reduced its stake in SCG by selling 22 shares or 59.46% in the most recent quarter. The Hedge Fund company now holds 15 shares of SCG which is valued at $1,037.Lvm Capital Management Ltdmi reduced its stake in SCG by selling 13,490 shares or 7.65% in the most recent quarter. The Hedge Fund company now holds 162,780 shares of SCG which is valued at $11,256,237. SCANA Corporation makes up approx 3.58% of Lvm Capital Management Ltdmi’s portfolio. Pensionfund Dsm Netherlands added SCG to its portfolio by purchasing 45,000 company shares during the most recent quarter which is valued at $3,111,750. SCANA Corporation makes up approx 0.42% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, SCANA Corporation reported $0.69 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Feb 18, 2016. Analyst had a consensus of $0.75. The company had revenue of $956.00 million for the quarter, compared to analysts expectations of $1297.28 million. The company’s revenue was down -21.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.73 EPS.

Many Wall Street Analysts have commented on SCANA Corporation. Company shares were Reiterated by Mizuho on Mar 18, 2016 to “Buy”, Firm has raised the Price Target to $ 74 from a previous price target of $71 .Company shares were Upgraded by Mizuho on Feb 8, 2016 to ” Buy”, Firm has raised the Price Target to $ 71 from a previous price target of $56 .

SCANA Corporation is a holding company. SCANA through its subsidiaries is engaged in the generation transmission distribution and sale of electricity in South Carolina and in the purchase transmission and sale of natural gas in North Carolina and South Carolina. Through other wholly owned non-regulated subsidiaries SCANA markets natural gas to retail customers in Georgia and to wholesale customers primarily in the southeast and also provides fiber optic and other telecommunications services. The Company operates through the following segments: Electric Operations Gas Distribution Retail Gas Marketing and All Other. Electric Operations primarily generates transmits and distributes electricity. Gas Distribution purchases and sells natural gas primarily at retail. Retail Gas Marketing markets natural gas in Georgia. Energy Marketing markets natural gas to industrial and commercial customers and municipalities. All Other comprises the holding company and its subsidiaries.

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