SCANA Corporation (SCG) : Evercore Trust Company N.a. added new position in SCANA Corporation during the most recent quarter end. The investment management firm now holds 11,829,767 shares of SCANA Corporation which is valued at $832.7 Million , the company said in a statement filed on May 12, 2016 with the SEC.SCANA Corporation makes up approximately 2.73% of Evercore Trust Company N.a.’s portfolio.
Other Hedge Funds, Including , Aspiriant added SCG to its portfolio by purchasing 15,434 company shares during the most recent quarter which is valued at $1.1 Million. SCANA Corporation makes up approx 0.10% of Aspiriant’s portfolio.Rhumbline Advisers boosted its stake in SCG in the latest quarter, The investment management firm added 5,157 additional shares and now holds a total of 207,475 shares of SCANA Corporation which is valued at $14.5 Million. SCANA Corporation makes up approx 0.04% of Rhumbline Advisers’s portfolio.American Century Companies Inc boosted its stake in SCG in the latest quarter, The investment management firm added 92,366 additional shares and now holds a total of 198,974 shares of SCANA Corporation which is valued at $13.9 Million. SCANA Corporation makes up approx 0.02% of American Century Companies Inc’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in SCG in the latest quarter, The investment management firm added 4,866 additional shares and now holds a total of 210,950 shares of SCANA Corporation which is valued at $14.5 Million. SCANA Corporation makes up approx 0.05% of Mizuho Trust Banking Ltd.’s portfolio.
SCANA Corporation opened for trading at $68.6 and hit $68.73 on the upside on Friday, eventually ending the session at $68.41, with a gain of 0.09% or 0.06 points. The heightened volatility saw the trading volume jump to 31,00,003 shares. Company has a market cap of $9,777 M.
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.
Investors should note that on Apr 28, 2016, SCANA Corporation announced a cash dividend of $0.5750. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jul 1, 2016.
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 .
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.