SCANA Corporation (SCG) : Crestline Management Lp added new position in SCANA Corporation during the most recent quarter end. The investment management firm now holds 67,994 shares of SCANA Corporation which is valued at $4,720,143 , the company said in a statement filed on Nov 14, 2016 with the SEC.SCANA Corporation makes up approximately 0.56% of Crestline Management Lp’s portfolio.
Other Hedge Funds, Including , Panagora Asset Management Inc boosted its stake in SCG in the latest quarter, The investment management firm added 23,580 additional shares and now holds a total of 434,477 shares of SCANA Corporation which is valued at $30,039,740. SCANA Corporation makes up approx 0.14% of Panagora Asset Management Inc’s portfolio.Lsv Asset Management reduced its stake in SCG by selling 273,600 shares or 33.6% in the most recent quarter. The Hedge Fund company now holds 540,600 shares of SCG which is valued at $39,052,944. SCANA Corporation makes up approx 0.08% of Lsv Asset Management’s portfolio.Retirement Systems Of Alabama reduced its stake in SCG by selling 578 shares or 0.79% in the most recent quarter. The Hedge Fund company now holds 72,283 shares of SCG which is valued at $5,132,816. SCANA Corporation makes up approx 0.03% of Retirement Systems Of Alabama’s portfolio.Balasa Dinverno Foltz boosted its stake in SCG in the latest quarter, The investment management firm added 69 additional shares and now holds a total of 3,882 shares of SCANA Corporation which is valued at $276,010. SCANA Corporation makes up approx 0.05% of Balasa Dinverno Foltz’s portfolio.
SCANA Corporation closed down -0.23 points or -0.33% at $69.65 with 6,76,982 shares getting traded on Monday. Post opening the session at $69.83, the shares hit an intraday low of $69.36 and an intraday high of $70.35 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, SCANA Corporation reported $1.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $1.12. The company had revenue of $1093.00 million for the quarter, compared to analysts expectations of $1162.61 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.
Investors should note that on Oct 27, 2016, SCANA Corporation announced a cash dividend of $0.5750. The company’s management has announced Dec 8, 2016 as the ex-dividend date and fixed the record date on Dec 12, 2016. The payable date has been fixed on Jan 1, 2017.
Many Wall Street Analysts have commented on SCANA Corporation. Shares were Reiterated by Mizuho on Oct 28, 2016 to “Buy” and Lowered the Price Target to $ 80 from a previous price target of $84 .
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.