Jolley Asset Management adds SCANA Corporation (SCG) to its portfolio

SCANA Corporation (SCG) : Jolley Asset Management added new position in SCANA Corporation during the most recent quarter end. The investment management firm now holds 775 shares of SCANA Corporation which is valued at $51,561 , the company said in a statement filed on Apr 21, 2016 with the SEC.SCANA Corporation makes up approximately 0.05% of Jolley Asset Management’s portfolio.

SCANA Corporation opened for trading at $66.78 and hit $67.47 on the upside on Wednesday, eventually ending the session at $67.06, with a gain of 0.86% or 0.57 points. The heightened volatility saw the trading volume jump to 10,30,487 shares. Company has a market cap of $9,584 M.

Other Hedge Funds, Including , Transamerica Financial Advisors reduced its stake in SCG by selling 7,826 shares or 99.64% in the most recent quarter. The Hedge Fund company now holds 28 shares of SCG which is valued at $1,863.Kanaly Trust Co reduced its stake in SCG by selling 99 shares or 16.56% in the most recent quarter. The Hedge Fund company now holds 499 shares of SCG which is valued at $34,835. SCANA Corporation makes up approx 0.01% of Kanaly Trust Co’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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