A statement released earlier today by Zacks Investment Research about Piedmont Natural Gas Company, Inc. (NYSE:PNY) bumps the target price to $67.00
- Updated: September 21, 2016
Having a price of $60.23, Piedmont Natural Gas Company, Inc. (NYSE:PNY) traded 0.30% higher on the day. With the last close up 0.29% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Piedmont Natural Gas Company, Inc. has recorded a 50-day average of $60.00 and a two hundred day average of $59.90. Volume of trade was down over the average, with 315,804 shares of PNY changing hands under the typical 411,250
Stating as potential upside of 0.11%, Zacks Investment Research upped the price target of Piedmont Natural Gas Company, Inc. (NYSE:PNY) to $67.00
With a total market value of $0, Piedmont Natural Gas Company, Inc. has price-earnings ratio of 34.58 with a one year low of $38.18 and a one year high of $60.35 .
About Piedmont Natural Gas Company, Inc. (NYSE:PNY)
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.
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