Frankie Taylor Sr Jones, Sr. 5,671 Shares of Piedmont Natural Gas Stock (PNY)
Piedmont Natural Gas (NYSE:PNY) Director Frankie Taylor Sr Jones, Sr. 5,671 shares of the company’s stock on the open market in a transaction dated Wednesday, July 2nd. Following the , the director now directly owns 16,704 shares of the company’s stock, valued at approximately $618,883. The was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Piedmont Natural Gas (NYSE:PNY) traded down 0.79% during mid-day trading on Friday, hitting $36.43. The stock had a trading volume of 235,546 shares. Piedmont Natural Gas has a 1-year low of $31.56 and a 1-year high of $37.86. The stock’s 50-day moving average is $36.44 and its 200-day moving average is $34.72. The company has a market cap of $2.847 billion and a price-to-earnings ratio of 18.56.
Piedmont Natural Gas (NYSE:PNY) last posted its quarterly earnings results on Friday, June 6th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.05. The company had revenue of $462.25 million for the quarter, compared to the consensus estimate of $427.95 million. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. Analysts expect that Piedmont Natural Gas will post $1.90 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Tuesday, June 24th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Friday, June 20th.
Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Piedmont Natural Gas in a research note on Monday, June 9th. They now have a $34.00 price target on the stock, up previously from $33.00.
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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