Today, State of Wisconsin Investment Board decides to keep it stake in Piedmont Natural Gas Co. (PNY) to the level of $5,159,000

Today, State of Wisconsin Investment Board decides to keep it stake in Piedmont Natural Gas Co. (PNY) to the level of $5,159,000
State of Wisconsin Investment Board lowered its stake in Piedmont Natural Gas Co. (NYSE:PNY) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,920 shares of the company’s stock after selling 1,000 shares during the period. State of Wisconsin Investment Board’s holdings in Piedmont Natural Gas were worth $5,159,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Synovus Financial Corp raised its stake in Piedmont Natural Gas by 0.6% in the third quarter. Synovus Financial Corp now owns 1,949 shares of the company’s stock valued at $117,000 after buying an additional 11 shares in the last quarter. Suntrust Banks Inc. raised its stake in shares of Piedmont Natural Gas by 0.6% in the second quarter. Suntrust Banks Inc. now owns 13,617 shares of the company’s stock worth $816,000 after buying an additional 78 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Piedmont Natural Gas by 2.9% in the second quarter. LS Investment Advisors LLC now owns 2,892 shares of the company’s stock worth $174,000 after buying an additional 82 shares in the last quarter. World Asset Management Inc raised its stake in shares of Piedmont Natural Gas by 6.1% in the second quarter. World Asset Management Inc now owns 4,094 shares of the company’s stock worth $246,000 after buying an additional 236 shares in the last quarter. Finally, PineBridge Investments L.P. raised its stake in shares of Piedmont Natural Gas by 3.6% in the second quarter. PineBridge Investments L.P. now owns 10,282 shares of the company’s stock worth $618,000 after buying an additional 355 shares in the last quarter. Institutional investors and hedge funds own 61.51% of the company’s stock.

Shares of Piedmont Natural Gas Co. (NYSE:PNY) remained flat at $60.02 during mid-day trading on Friday. The company’s 50-day moving average price is $60.04 and its 200 day moving average price is $59.91. Piedmont Natural Gas Co. has a 12-month low of $40.30 and a 12-month high of $60.35.

Piedmont Natural Gas (NYSE:PNY) last announced its quarterly earnings data on Wednesday, September 7th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.02. The business had revenue of $157.80 million for the quarter. Piedmont Natural Gas had a net margin of 12.20% and a return on equity of 10.50%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Equities research analysts expect that Piedmont Natural Gas Co. will post $1.93 EPS for the current fiscal year.

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

Separately, Zacks Investment Research lowered shares of Piedmont Natural Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, September 21st.

Piedmont Natural Gas Company Profile

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