Bridge Creek Capital Management Lowers stake in Piedmont Natural Gas Company (PNY)

Piedmont Natural Gas Company (PNY) : Bridge Creek Capital Management reduced its stake in Piedmont Natural Gas Company by 4.13% during the most recent quarter end. The investment management company now holds a total of 87,699 shares of Piedmont Natural Gas Company which is valued at $5,244,400 after selling 3,775 shares in Piedmont Natural Gas Company , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Piedmont Natural Gas Company makes up approximately 3.02% of Bridge Creek Capital Management’s portfolio.

Piedmont Natural Gas Company closed down -0.12 points or -0.20% at $59.7 with 4,98,600 shares getting traded on Wednesday. Post opening the session at $59.82, the shares hit an intraday low of $59.63 and an intraday high of $59.85 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , State Of Alaska Department Of Revenue boosted its stake in PNY in the latest quarter, The investment management firm added 30,319 additional shares and now holds a total of 31,319 shares of Piedmont Natural Gas Company which is valued at $1,872,876. Piedmont Natural Gas Company makes up approx 0.20% of State Of Alaska Department Of Revenue’s portfolio.Rowland Co Investment Counseladv boosted its stake in PNY in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 5,333 shares of Piedmont Natural Gas Company which is valued at $318,913. Piedmont Natural Gas Company makes up approx 0.15% of Rowland Co Investment Counseladv’s portfolio.

Piedmont Natural Gas Company Inc. 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 customers served by municipalities who are the Company’s wholesale customers. The Company is invested in joint venture energy-related businesses including unregulated retail natural gas marketing and regulated interstate natural gas storage and intrastate natural gas transportation. The Company operates in two segments: regulated utility and non-utility activities. The regulated utility segment is the gas distribution business where it includes the operations of merchandising and its related service work and home warranty programs with activities conducted by the utility. The non-utility activities segment consists of the Company’s equity method investments in joint venture energy-related businesses.

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