Edmp Lowers stake in SCANA Corporation (SCG)

SCANA Corporation (SCG) : Edmp reduced its stake in SCANA Corporation by 1.0% during the most recent quarter end. The investment management company now holds a total of 47,446 shares of SCANA Corporation which is valued at $3,306,037 after selling 480 shares in SCANA Corporation , the firm said in a disclosure report filed with the SEC on May 3, 2016.SCANA Corporation makes up approximately 3.19% of Edmp’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in SCG in the latest quarter, The investment management firm added 90 additional shares and now holds a total of 10,290 shares of SCANA Corporation which is valued at $717,007. SCANA Corporation makes up approx 0.05% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Russell Frank Co boosted its stake in SCG in the latest quarter, The investment management firm added 24,994 additional shares and now holds a total of 101,460 shares of SCANA Corporation which is valued at $6,969,287. SCANA Corporation makes up approx 0.01% of Russell Frank Co’s portfolio.World Asset Management Inc reduced its stake in SCG by selling 1,553 shares or 9.77% in the most recent quarter. The Hedge Fund company now holds 14,350 shares of SCG which is valued at $985,702. SCANA Corporation makes up approx 0.04% of World Asset Management Inc’s portfolio.New York State Teachers Retirement System boosted its stake in SCG in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 258,009 shares of SCANA Corporation which is valued at $17,165,339. SCANA Corporation makes up approx 0.04% of New York State Teachers Retirement System’s portfolio.

SCANA Corporation closed down -0.05 points or -0.07% at $69.82 with 6,59,764 shares getting traded on Tuesday. Post opening the session at $69.98, the shares hit an intraday low of $69.51 and an intraday high of $70.08 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, SCANA Corporation reported $1.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $1.30. The company had revenue of $1172.00 million for the quarter, compared to analysts expectations of $1260.36 million. The company’s revenue was down -15.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.80 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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