Kevin Marsh, CEO of Scana Corp., bought 1,000 shares of Scana Corp. (Stock Symbol: SCG) at $49.43 per share for a total amount of $49,430 thousand on February 26, 2014.
Scana Corp. is headquartered in Cayce, South Carolina.
On Feb. 20, 2014, Scana Corp. announced that its board of directors raised the quarterly cash dividend on the Company’s common stock to 52 ½ cents per share from 50 ¾ cents per share, an increase of 3.5 percent. This action increases the indicated annual dividend rate to $2.10 per share from $2.03 per share. The new dividend is payable April 1, 2014 to shareholders of record at the close of business on March 10, 2014.
On Feb. 20, 2014, Scana Corp. announced its latest quarterly and annual results. For the year ended December 31, 2013, SCANA reported earnings of $471 million, or basic earnings per share of $3.40, compared to earnings of $420 million, or basic earnings per share of $3.20, for the same period in 2012. The increase was driven by higher electric margins due primarily to base rate increases and customer growth, as well as higher gas margins. Higher operations and maintenance expenses, as well as expenses related to our capital program including property taxes, depreciation and share dilution partially offset the increase in margins.
SCANA’s earnings for the fourth quarter of 2013 were $104 million, or basic earnings per share of 73 cents, compared to earnings of $105 million, or basic earnings per share of 79 cents, for the fourth quarter of 2012. During the fourth quarter, increases in margins from base rate increases and customer growth were more than offset by increases in operations and maintenance expenses, property taxes, depreciation and share dilution.
According to Capital IQ, Scana Corp. has a market cap of $6.97 billion, an enterprise value of $7.02B billion, and trailing 12 month revenues of $4.49 billion.
Scana Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in South Carolina. It owns nuclear, coal, hydro, oil and gas, and biomass generating facilities. The company also purchases, sells, and transports natural gas; offers energy-related risk management services; and provides service contracts on home appliances, and heating and air conditioning units. In addition, it owns 2 liquefied natural gas plants in Charleston and Salley, South Carolina; and provides tower site construction, management, and rental services, as well as sale of towers in South Carolina and North Carolina. As of December 31, 2012, the company supplied electricity to approximately 670,000 customers; and provides natural gas to approximately 819,600 residential, commercial, and industrial customers in North Carolina and South Carolina, as well as markets natural gas to approximately 450,000 customers in Georgia. Further, SCANA Corporation owns and operates a 500-mile fiber optic telecommunications network and Ethernet network, and data center facilities in South Carolina. Additionally, it builds, manages, and leases communications towers with interests in 2,280 miles of fiber in South Carolina, North Carolina, and Georgia through a joint venture. The companys customers comprise municipalities, electric cooperatives, other investor-owned utilities, registered marketers, and federal and state electric agencies. It also serves chemicals, educational services, paper products, food products, lumber and wood products, health services, textile manufacturing, rubber and miscellaneous plastic products, and fabricated metal products industries.
Kevin Marsh’s most recent annual compensation from Scana Corp. is a salary of $2,125,000, $384,193 in other compensation, and a total compensation of $4,969,980. Mr. Marsh is 57 years old.
According to his biography, Mr. Kevin B. Marsh, Chairman of the Board, President, Chief Executive Officer, Chief Operating Officer of SCANA Corp., he has been employed by SCANA or its subsidiaries for 29 years, and since December 2011 has served as SCANA’s Chairman of the Board and Chief Executive Officer. Since January 2011, he has also served as the company President and Chief Operating Officer. He served as the company Chief Financial Officer from 1996 to April 2006, and served as a Senior Vice President from 1998 to January 2011. In addition, he served as President of the company principal subsidiary, South Carolina Electric & Gas Company, from April 2006 to November 2011.
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