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. The Company operates through three segments: regulated utility, regulated non-utility activities and unregulated non-utility activities. The regulated utility segment includes operating a natural gas distribution system. The regulated non-utility activities segment consists of its equity method investments in regulated energy-related joint ventures that are held by its subsidiaries. The unregulated non-utility activities segment consists primarily of its equity method investment in an unregulated energy-related joint venture that is held by its subsidiary.
Industry, Sector and Symbol:
- Sector: Utilities
- Industry: Gas Utilities
- Sub-Industry: Gas Utilities
- Symbol: NYSE:PNY
- CUSIP: 72018610
- Web: www.piedmontng.com
- 50 Day Moving Avg: $60.04
- 200 Day Moving Avg: $59.91
- 52 Week Range: $40.30 - $60.35
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 28.31
- P/E Growth: 0.00
- Annual Dividend: $1.36
- Dividend Yield: 2.3%
- Net Margins: 12.20%
- Return on Equity: 10.50%
- Return on Assets: 2.91%
- Debt-to-Equity Ratio: 1.20%
- Current Ratio: 0.56%
- Quick Ratio: 0.47%
- Average Volume: 417,867 shs.
- Beta: 0.87
Frequently Asked Questions for Piedmont Natural Gas Company (NYSE:PNY)
What is Piedmont Natural Gas Company's stock symbol?
Piedmont Natural Gas Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "PNY."
How often does Piedmont Natural Gas Company pay dividends? What is the dividend yield for Piedmont Natural Gas Company?
Piedmont Natural Gas Company declared a special dividend on Thursday, September 8th. Stockholders of record on Friday, December 23rd will be given a dividend of $0.34 per share on Friday, January 13th. This represents a dividend yield of 2.26%. The ex-dividend date is Wednesday, December 21st. View Piedmont Natural Gas Company's Dividend History.
How were Piedmont Natural Gas Company's earnings last quarter?
Piedmont Natural Gas Company, Inc. (NYSE:PNY) announced its quarterly earnings results on Wednesday, September, 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.09) by $0.02. The business had revenue of $157.80 million for the quarter. Piedmont Natural Gas Company had a net margin of 12.20% and a return on equity of 10.50%. The business's revenue for the quarter was down .3% on a year-over-year basis. View Piedmont Natural Gas Company's Earnings History.
Who are some of Piedmont Natural Gas Company's key competitors?
Some companies that are related to Piedmont Natural Gas Company include National Grid plc (NGG), CenterPoint Energy (CNP), ONEOK (OKE), Atmos Energy (ATO), WGL Holdings (WGL), AmeriGas Partners, L.P. (APU), Southwest Gas Holdings (SWX), ONE Gas (OGS), New Jersey Resources Corp (NJR), UIL Holdings (UIL), South Jersey Industries (SJI), Transportadora de Gas del Sur SA (TGS), Northwest Natural Gas Co (NWN), Suburban Propane Partners LP (SPH), Chesapeake Utilities (CPK), Clean Energy Fuels Corp (CLNE), Southcross Energy Partners LP (SXE) and Delta Natural Gas Company (DGAS).
Who owns Piedmont Natural Gas Company stock?
Piedmont Natural Gas Company's stock is owned by a number of of retail and institutional investors. Top institutional investors include First Manhattan Co. (0.00%). Company insiders that own Piedmont Natural Gas Company stock include Frank B Holding Jr, Jose M Simon, Kenneth T Valentine, Kevin M Ohara, Malcolm E Everett III, R O Pritchard and Thomas E Skains. View Institutional Ownership Trends for Piedmont Natural Gas Company.
Who bought Piedmont Natural Gas Company stock? Who is buying Piedmont Natural Gas Company stock?
How do I buy Piedmont Natural Gas Company stock?
Shares of Piedmont Natural Gas Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Piedmont Natural Gas Company stock cost?
One share of Piedmont Natural Gas Company stock can currently be purchased for approximately $60.02.
Consensus Ratings for Piedmont Natural Gas Company (NYSE:PNY) (?) The ratings breakdown includes the most recent rating from each analyst that has rated the stock within the last twelve months. The ratings score is a calculation of the average number of sell, hold, buy and strong buy ratings (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). The consensus price target is a mean average of the most recent price target set by each analyst that has set a price target for the stock in the last twelve months.
|Ratings Breakdown: ||No ratings tracked in the last 12 months.|
|Consensus Rating:||N/A (Score: NaN)|
|Consensus Price Target: ||N/A|
Analysts' Ratings History for Piedmont Natural Gas Company (NYSE:PNY)
(Data available from 5/28/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|2/9/2016||Hilliard Lyons||Upgrade||Underperform -> Neutral||N/A|
|1/4/2016||JPMorgan Chase & Co.||Reiterated Rating||Neutral||$37.00 -> $39.00||N/A|
Earnings History for Piedmont Natural Gas Company (NYSE:PNY)Earnings History by Quarter for Piedmont Natural Gas Company (NYSE:PNY)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|6/8/2016||Q2 16||$0.85||$0.79||$419.80 million||$350.20 million||View||N/A|
|6/5/2015||Q2 15||$0.79||$0.84||$424.92 million||View||N/A|
|3/9/2015||Q1 15||$1.22||$1.18||$606.70 million||$607.30 million||View||N/A|
|12/23/2014||Q414||($0.07)||($0.12)||$211.00 million||$185.82 million||View||N/A|
|9/8/2014||Q314||($0.07)||($0.09)||$176.55 million||$164.18 million||View||N/A|
|6/6/2014||Q214||$0.75||$0.80||$427.95 million||$462.25 million||View||N/A|
|3/6/2014||Q114||$1.19||$1.26||$560.43 million||$657.70 million||View||N/A|
|9/5/2013||Q3 2013||($0.08)||($0.03)||$181.49 million||$162.94 million||View||Listen|
|6/11/2013||Q2 2013||$0.73||$0.74||$324.18 million||$399.41 million||View||Listen|
|3/6/2013||Q1 2013||$1.16||$1.18||$491.42 million||$515.88 million||View||N/A|
|9/7/2012||Q312||($0.09)||($0.06)||$188.79 million||$161.12 million||View||N/A|
Earnings Estimates for Piedmont Natural Gas Company (NYSE:PNY)
Current Year EPS Consensus Estimate: $1.93 EPS
Next Year EPS Consensus Estimate: $2.12 EPS
Current Dividend Information for Piedmont Natural Gas Company (NYSE:PNY)
|Most Recent Dividend:||1/13/2017|
|Dividend Growth:||14.30% (3 Year Average)|
|Payout Ratio:||79.07% (Trailing 12 Months of Earnings) |
70.47% (Based on This Year's Estimates)
64.15% (Based on Next Year's Estimates)
|Track Record:||38 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Piedmont Natural Gas Company (NYSE:PNY)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Piedmont Natural Gas Company (NYSE:PNY)
Insider Ownership Percentage: 1.40%Insider Trades by Quarter for Piedmont Natural Gas Company (NYSE:PNY)
Institutional Ownership Percentage: 61.51%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|7/29/2016||Kevin M Ohara||Insider||Sell||5,000||$59.78||$298,900.00|| |
|7/19/2016||Kenneth T Valentine||VP||Sell||886||$59.77||$52,956.22|| |
|6/10/2016||Malcolm E Everett III||Director||Sell||15,000||$60.15||$902,250.00|| |
|4/25/2016||R O Pritchard||VP||Sell||3,300||$59.60||$196,680.00|| |
|4/4/2016||Frank B Holding Jr||Director||Sell||14,000||$59.79||$837,060.00|| |
|3/28/2016||Jose M Simon||VP||Sell||838||$59.66||$49,995.08|| |
|3/17/2016||Kevin M Ohara||VP||Sell||2,500||$59.85||$149,625.00|| |
|3/1/2016||Thomas E Skains||CEO||Sell||2,500||$59.42||$148,550.00|| |
|2/1/2016||Thomas E Skains||CEO||Sell||2,500||$59.00||$147,500.00|| |
|1/29/2016||Kenneth T Valentine||VP||Sell||1,482||$59.24||$87,793.68|| |
|1/4/2016||Thomas E Skains||CEO||Sell||2,500||$57.00||$142,500.00|| |
|12/1/2015||Thomas E Skains||CEO||Sell||2,500||$58.16||$145,400.00|| |
|11/2/2015||Thomas E Skains||CEO||Sell||2,500||$57.35||$143,375.00|| |
|10/1/2015||Thomas E Skains||CEO||Sell||2,500||$40.14||$100,350.00|| |
|9/1/2015||Thomas E Skains||CEO||Sell||2,500||$37.84||$94,600.00|| |
|6/16/2015||Jose M Simon||VP||Sell||1,927||$36.60||$70,528.20|| |
|5/1/2015||Thomas E Skains||CEO||Sell||2,500||$37.39||$93,475.00|| |
|4/28/2015||Frankie Taylor Sr Jones Sr||Director||Sell||5,200||$38.14||$198,328.00|| |
|4/1/2015||Thomas E Skains||CEO||Sell||2,500||$36.58||$91,450.00|| |
|3/10/2015||Thomas E Skains||CEO||Sell||2,500||$35.12||$87,800.00|| |
|1/7/2015||Kevin M Ohara||VP||Sell||2,500||$39.03||$97,575.00|| |
|7/2/2014||Frankie Taylor Sr Jones Sr||Director||Sell||5,671||$37.05||$210,110.55|| |
|6/25/2014||David R Carpenter||VP||Sell||1,450||$36.95||$53,577.50|| |
|12/27/2013||Ranelle Warfield||VP||Sell||1,699||$33.00||$56,067.00|| |
|7/23/2013||Muriel W Sheubrooks||Director||Sell||2,000||$35.11||$70,220.00|| |
|6/25/2013||R O Pritchard||VP||Sell||1,700||$32.89||$55,913.00|| |
|12/27/2012||Phillip D Wright||Director||Buy||13,000||$30.69||$398,970.00|| |
Headline Trends for Piedmont Natural Gas Company (NYSE:PNY)
Latest Headlines for Piedmont Natural Gas Company (NYSE:PNY)
Piedmont Natural Gas Company (PNY) Chart for Sunday, May, 28, 2017