November 30, 2016 - By Pete Kolinski · 0 Comments
Piedmont Natural Gas Co Inc (NYSE:PNY) institutional sentiment increased to 1.07 in 2016 Q2. Its up 0.10, from 0.97 in 2016Q1. The ratio is positive, as 97 hedge funds opened new and increased holdings, while 100 sold and reduced their equity positions in Piedmont Natural Gas Co Inc. The hedge funds in our partner’s database now possess: 49.00 million shares, up from 48.46 million shares in 2016Q1. Also, the number of hedge funds holding Piedmont Natural Gas Co Inc in their top 10 holdings decreased from 4 to 3 for a decrease of 1. Sold All: 21 Reduced: 79 Increased: 76 New Position: 21.
Piedmont Natural Gas Company, Inc. is an energy services company. The company has a market cap of $. The Company’s principal business is the distribution of natural gas to residential, commercial, industrial and power generation clients in portions of North Carolina, South Carolina and Tennessee, including clients served by municipalities, which are its wholesale customers. It currently has negative earnings. The Firm operates through three divisions: regulated utility, regulated non-utility activities and unregulated non-utility activities.
It is down 1.03% since March 1, 2016 and is uptrending. It has underperformed by 4.20% the S&P500.
Canal Insurance Co holds 5.36% of its portfolio in Piedmont Natural Gas Company, Inc. for 270,978 shares. Water Island Capital Llc owns 1.22 million shares or 3.63% of their US portfolio. Moreover, Longfellow Investment Management Co Llc has 3.21% invested in the company for 150,000 shares. The Illinois-based Magnetar Financial Llc has invested 2.06% in the stock. First Personal Financial Services, a North Carolina-based fund reported 73,669 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 3 sales for $1.25 million net activity.
More notable recent Piedmont Natural Gas Company, Inc. (NYSE:PNY) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Piedmont Natural Gas, Zimmer Biomet Holdings and Pembina …” on September 19, 2016, also Bizjournals.com with their article: “Piedmont Natural Gas spending on Duke Energy deal nearing $25M” published on September 07, 2016, Bloomberg.com published: “Duke Energy to Acquire Piedmont Natural Gas for $4.9 Billion” on October 26, 2015. More interesting news about Piedmont Natural Gas Company, Inc. (NYSE:PNY) were released by: Charlotteobserver.com and their article: “Duke Energy-Piedmont Natural Gas merger offers stability, diversity, execs say” published on July 19, 2016 as well as Bizjournals.com‘s news article titled: “Piedmont Natural Gas to sell remaining shares in joint venture” with publication date: December 18, 2015.
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By Pete Kolinski