Banced Corp Lowers stake in SCANA Corporation (SCG)

SCANA Corporation (SCG) : Banced Corp reduced its stake in SCANA Corporation by 21.1% during the most recent quarter end. The investment management company now holds a total of 7,731 shares of SCANA Corporation which is valued at $528,337 after selling 2,068 shares in SCANA Corporation , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.SCANA Corporation makes up approximately 1.05% of Banced Corp’s portfolio.

Other Hedge Funds, Including , Prospera Financial Services Inc boosted its stake in SCG in the latest quarter, The investment management firm added 346 additional shares and now holds a total of 4,515 shares of SCANA Corporation which is valued at $308,555. SCANA Corporation makes up approx 0.06% of Prospera Financial Services Inc’s portfolio.Carroll Financial Associates boosted its stake in SCG in the latest quarter, The investment management firm added 1,011 additional shares and now holds a total of 16,104 shares of SCANA Corporation which is valued at $1,118,101. SCANA Corporation makes up approx 0.17% of Carroll Financial Associates’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in SCG in the latest quarter, The investment management firm added 12,484 additional shares and now holds a total of 40,468 shares of SCANA Corporation which is valued at $2,809,693. SCANA Corporation makes up approx 0.06% of Oregon Public Employees Retirement Fund’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in SCG in the latest quarter, The investment management firm added 180 additional shares and now holds a total of 9,139 shares of SCANA Corporation which is valued at $630,225. SCANA Corporation makes up approx 0.12% of Franklin Street Advisors Inc Nc’s portfolio.Eqis Capital Management boosted its stake in SCG in the latest quarter, The investment management firm added 1,363 additional shares and now holds a total of 8,965 shares of SCANA Corporation which is valued at $618,226. SCANA Corporation makes up approx 0.04% of Eqis Capital Management’s portfolio.

SCANA Corporation closed down -1.09 points or -1.57% at $68.34 with 8,84,007 shares getting traded on Tuesday. Post opening the session at $69.13, the shares hit an intraday low of $67.91 and an intraday high of $69.16 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 $0.74 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.74. The company had revenue of $905.00 million for the quarter, compared to analysts expectations of $986.95 million. The company’s revenue was down -6.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.

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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