Pensionfund Sabic adds SCANA Corporation (SCG) to its portfolio

SCANA Corporation (SCG) : Pensionfund Sabic added new position in SCANA Corporation during the most recent quarter end. The investment management firm now holds 21,000 shares of SCANA Corporation which is valued at $1.5 Million according to a report filed by the company on Apr 4, 2016 with the SEC.SCANA Corporation makes up approximately 0.44% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , 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 $11.3 Million. SCANA Corporation makes up approx 3.58% of Lvm Capital Management Ltdmi’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 closed down -0.48 points or -0.69% at $69.15 with 5,94,989 shares getting traded on Monday. Post opening the session at $69.65, the shares hit an intraday low of $69.11 and an intraday high of $70.08 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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