2 Stocks to Focus: SCANA Corporation (SCG), EP Energy Corp (EPE)

0
62

SCANA Corporation (NYSE:SCG):

Stock’s Trading Stats:

SCANA Corporation (NYSE:SCG) surged 1.30% Friday and closed at $68.69. The company’s market capitalization is at $9.94 billion with an average trading volume of 898,434.00. The total number of Outstanding Shares Held by the company are 142.92 Million.

Recent Press Release:

SCANA Corp. (SCG) on April 28, 2016 declared that the Company’s 2016 Annual Meeting of Shareholders was held recently in Columbia, South Carolina, with Chairman of the Board and Chief Executive Officer Kevin B. Marsh presiding.

During the business portion of the meeting, shareholders re-elected the following Class II Directors to SCANA’s Board – Gregory E. Aliff, Sharon A. Decker, Kevin B. Marsh, and James M. Micali. Terms of the Class II Directors will expire at the Annual Meeting in 2019 (except James M. Micali, whose term will expire at the 2017 Annual Meeting as a result of his reaching the mandatory retirement age).

In other business, shareholders approved the following – the appointment of Deloitte & Touche LLP as SCANA’s independent registered public accounting firm to audit the Company’s 2016 financial statements, an amendment to the Director Compensation and Deferral Plan to set an annual limit of 10,000 shares on the number of shares that may be issued to any individual participant under the plan each year, and an amendment to the Director Compensation and Deferral Plan increasing by 150,000 the number of shares that may be reserved under the plan.  Board-projected amendments to declassify the Board of Directors and provide for the annual election of all directors did not receive the votes required to amend the Articles of Incorporation.

Right Away following the Annual Meeting, SCANA’s Board of Directors met and declared the regular quarterly dividend of 57 ½ cents per share on the Company’s common stock for the quarter ending June 30, 2016.  The dividend is payable July 1, 2016 to shareholders of record at the close of business on June 10, 2016.

SCANA Corporation, headquartered in Cayce, SC, is an energy-based holding company principally engaged, through auxiliaries, in electric and natural gas utility operations and other energy-related businesses.  Information about SCANA is accessible on the company’s website at www.scana.com.

EP Energy Corp (NYSE:EPE):

Stock’s Trading Stats:

EP Energy Corp (NYSE:EPE) closed at $4.91 Friday by showing an increase of 1.03%. The total number of outstanding shares held by the company are 252.78 Million with the total market capitalization of $1.25 billion. The number of shares traded on the last trading session are 1.99 Million.

Recent Press Release:

EP Energy Corporation (EPE) declared on April 27, 2016 it has planned a webcast at 11 a.m. Eastern Time, 10 a.m. Central Time, on Thursday, May 5, to talk about its first quarter 2016 financial and operational results.  The company’s first quarter earnings press release is planned to be issued after the New York Stock Exchange closes trading on Wednesday, May 4, 2016.

The EP Energy team has a passion for finding and producing the oil and natural gas that enriches people’s lives. As a leading North American oil and natural gas producer, EP Energy has a proven strategy, a noteworthyreserve base, multi-year drilling opportunities, and a planned presence in fast-emerging unconventional resource areas. EP Energy is active in all phases of the E&P value chain—exploring for, acquiring, developing and producing oil and natural gas. For more information about EP Energy, visit epenergy.com.