Shares of Columbia Pipeline Group (NYSE:CPGX) Sees Large Inflow of Net Money Flow

Columbia Pipeline Group (NYSE:CPGX) witnessed a selling pressure and the shares last traded with a loss of -0.03 points or -0.12% at $25.5. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $0.85 million with an inflow of $1.81 million in upticks and an outflow of $0.96 million in downticks. Using the data, the up/down ratio is found to be 1.88. The share price has recorded -0.04% on a weekly basis.A block trade of $0.57 million in uptick and $0 million in downtick was also observed, resulting in an up/down ratio of 0. The net money flow of the block trade stood at a $0.57, signaling heavy buying.


Institutional Investors own 81.77% of Columbia Pipeline Group shares. On the companys insider trading activities, Smith Robert Edgar, officer of Columbia Pipeline Group, Inc., executed a transaction worth $58,300 on September 11, 2015. A total of 2,500 shares were purchased at an average price of $23.32. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Columbia Pipeline Group (NYSE:CPGX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.01 points or 0.04% at $25.52 with 3,437,356 shares getting traded. Post opening the session at $25.53, the shares hit an intraday low of $25.48 and an intraday high of $25.54 and the price was in this range throughout the day. The company has a market cap of $10,218 million and the number of outstanding shares have been calculated to be 400,383,240 shares. The 52-week high of Columbia Pipeline Group (NYSE:CPGX) is $31.19 and the 52-week low is $15.39.

Many analysts have stated their opinion on the company shares. BMO Capital initiates coverage on Columbia Pipeline Group (NYSE:CPGX) The shares have been rated Market Perform. The rating by the firm was issued on April 19, 2016.

Columbia Pipeline Group, Inc. (CPG) owns and operates natural gas pipelines, integrated with the underground storage systems in North America. The Company offers a range of services to local gas distribution companies and users of natural gas. The Companys systems connect the natural gas supplies with nations energy markets, serving customers in over 16 states from the Gulf Coast to the Midwest, Mid-Atlantic and Northeast. The Company provides approximately 1.3 trillion cubic feet of natural gas through its pipeline and storage systems each year, providing energy for millions of homes, businesses and industries. The Companys projects include Leach XPress Project, Modernization Program, Utica Access Project, East Side Expansion project, WB XPress Project, Cameron Access Project, Hanover Replacement Project, Tri-County Bare Steel Replacement Project, Line 1570 Project, E-Systems Project, Line MB Extension, East Side Expansion Project, Utica Access Project and Line WB2VA.

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