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Piedmont Natural Gas (NYSE:PNY) was upgraded by research analysts at McLean Capital Management from a “sell” rating to a “neutral” rating in a report released on Friday, AnalystRatingsNetwork.com reports.

Shares of Piedmont Natural Gas (NYSE:PNY) traded up 0.51% during mid-day trading on Friday, hitting $33.59. 229,669 shares of the company’s stock traded hands. Piedmont Natural Gas has a 52-week low of $31.56 and a 52-week high of $35.53. The stock’s 50-day moving average is $32.75 and its 200-day moving average is $32.95. The company has a market cap of $2.557 billion and a price-to-earnings ratio of 18.78.

Separately, analysts at UBS AG initiated coverage on shares of Piedmont Natural Gas in a research note on Monday, November 25th. They set a “hold” rating and a $21.00 price target on the stock. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $31.00.

Piedmont Natural Gas Company, Inc (NYSE:PNY) 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 51,600 customers served by municipalities who are the Company’s wholesale customers.

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