Trade Report: Today, Piedmont Natural Gas Co. (PNY) Stake Held by Homrich & Berg

Today, Piedmont Natural Gas Co. (PNY) Stake Held by Homrich & Berg

Homrich & Berg held its position in Piedmont Natural Gas Co. (NYSE:PNY) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,734 shares of the company’s stock at the end of the third quarter. Homrich & Berg’s holdings in Piedmont Natural Gas were worth $284,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of PNY. AMP Capital Investors Ltd boosted its position in Piedmont Natural Gas by 4.1% in the first quarter. AMP Capital Investors Ltd now owns 38,114 shares of the company’s stock worth $2,279,000 after buying an additional 1,500 shares during the last quarter. Legal & General Group Plc boosted its position in Piedmont Natural Gas by 3.3% in the first quarter. Legal & General Group Plc now owns 262,131 shares of the company’s stock worth $15,683,000 after buying an additional 8,417 shares during the last quarter. Arizona State Retirement System boosted its position in Piedmont Natural Gas by 5.6% in the first quarter. Arizona State Retirement System now owns 41,599 shares of the company’s stock worth $2,489,000 after buying an additional 2,200 shares during the last quarter. Seven Eight Capital LLC boosted its position in Piedmont Natural Gas by 180.6% in the first quarter. Seven Eight Capital LLC now owns 8,700 shares of the company’s stock worth $521,000 after buying an additional 5,600 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Piedmont Natural Gas by 53.0% in the second quarter. BNP Paribas Arbitrage SA now owns 55,939 shares of the company’s stock worth $3,363,000 after buying an additional 19,383 shares during the last quarter. 61.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Piedmont Natural Gas Co. (NYSE:PNY) remained flat at $60.02 during mid-day trading on Friday. Piedmont Natural Gas Co. has a 52-week low of $40.30 and a 52-week high of $60.35. The firm’s 50 day moving average is $60.04 and its 200 day moving average is $59.91.

Piedmont Natural Gas (NYSE:PNY) last announced its earnings results on Wednesday, September 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. Piedmont Natural Gas had a return on equity of 10.50% and a net margin of 12.20%. The company had revenue of $157.80 million for the quarter. The firm’s quarterly revenue was down .3% on a year-over-year basis. On average, analysts forecast that Piedmont Natural Gas Co. will post $1.93 earnings per share for the current fiscal year.

The firm also recently announced a special dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 23rd will be given a dividend of $0.34 per share. This represents a yield of 2.26%. The ex-dividend date is Wednesday, December 21st. Piedmont Natural Gas’s dividend payout ratio is currently 79.07%.

Separately, Zacks Investment Research raised Piedmont Natural Gas from a “sell” rating to a “hold” rating in a research report on Friday, August 26th.

About Piedmont Natural Gas

Piedmont Natural Gas Company, Inc is an energy services company. The Company’s principal business is the distribution of natural gas to residential, commercial, industrial and power generation customers in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities, which are its wholesale customers.

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