First Personal Financial Services buys $4,401,723 stake in Piedmont Natural Gas Company (PNY)

Piedmont Natural Gas Company (PNY) : First Personal Financial Services scooped up 1,735 additional shares in Piedmont Natural Gas Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 73,669 shares of Piedmont Natural Gas Company which is valued at $4,401,723.Piedmont Natural Gas Company makes up approximately 1.46% of First Personal Financial Services’s portfolio.

Other Hedge Funds, Including , Tci Wealth Advisors boosted its stake in PNY in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 20 shares of Piedmont Natural Gas Company which is valued at $1,196. Utah Retirement Systems added PNY to its portfolio by purchasing 14,600 company shares during the most recent quarter which is valued at $872,642. Piedmont Natural Gas Company makes up approx 0.02% of Utah Retirement Systems’s portfolio.

Piedmont Natural Gas Company opened for trading at $59.81 and hit $59.85 on the upside on Wednesday, eventually ending the session at $59.83, with a gain of 0.03% or 0.02 points. The heightened volatility saw the trading volume jump to 1,94,375 shares. Company has a market cap of $4,858 M.

On the company’s financial health, Piedmont Natural Gas Company reported $0.78 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Jun 8, 2016. Analyst had a consensus of $0.84. The company had revenue of $350.20 million for the quarter, compared to analysts expectations of $419.80 million. The company’s revenue was down -17.6 % compared to the same quarter last year.

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 Company’s 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 Company’s equity method investments in joint venture energy-related businesses.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *