Brokerage Firm Rating on Piedmont Natural Gas Company (PNY)

Piedmont Natural Gas Company (PNY) has an average broker rating of 3, which is interpreted as a Hold, as rated by 6 equity analysts. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.


Company shares have received an average consensus rating of Hold for the current week Piedmont Natural Gas Company (NYSE:PNY): The stock opened at $59.88 on Thursday but the bulls could not build on the opening and the stock topped out at $59.90 for the day. The stock traded down to $59.75 during the day, due to lack of any buying support eventually closed down at $59.80 with a loss of -0.28% for the day. The stock had closed at $59.97 on the previous day. The total traded volume was 206,447 shares.

In a related news,The officer (Sr. Vice President) of Piedmont Natural Gas Co Inc, Ohara Kevin M sold 5,000 shares at $59.78 on July 29, 2016. The Insider selling transaction had a total value worth of $298,900. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Piedmont Natural Gas Company, Inc. is an energy services company whose principal business is the distribution of natural gas to over one million residential, commercial, industrial and power generation customers in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities who are the Companys wholesale customers. The Company is invested in joint venture, energy-related businesses, including unregulated retail natural gas marketing, and regulated interstate natural gas storage and intrastate natural gas transportation. The Company operates in two segments: regulated utility and non-utility activities. The regulated utility segment is the gas distribution business, where it includes the operations of merchandising and its related service work and home warranty programs, with activities conducted by the utility. The non-utility activities segment consists of the Companys equity method investments in joint venture, energy-related businesses.

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