Driehaus Capital Management adds Piedmont Natural Gas Company (PNY) to its portfolio

Piedmont Natural Gas Company (PNY) : Driehaus Capital Management added new position in Piedmont Natural Gas Company during the most recent quarter end. The investment management firm now holds 1,318,061 shares of Piedmont Natural Gas Company which is valued at $79 Million , the company said in a statement filed on May 13, 2016 with the SEC.Piedmont Natural Gas Company makes up approximately 2.76% of Driehaus Capital Management’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in PNY in the latest quarter, The investment management firm added 35,898 additional shares and now holds a total of 541,288 shares of Piedmont Natural Gas Company which is valued at $32.5 Million. Piedmont Natural Gas Company makes up approx 0.02% of Geode Capital Management’s portfolio.Omers Administration Corp boosted its stake in PNY in the latest quarter, The investment management firm added 52,400 additional shares and now holds a total of 235,300 shares of Piedmont Natural Gas Company which is valued at $14.1 Million. Piedmont Natural Gas Company makes up approx 0.32% of Omers Administration Corp’s portfolio.Puplava Financial Services boosted its stake in PNY in the latest quarter, The investment management firm added 129,666 additional shares and now holds a total of 143,774 shares of Piedmont Natural Gas Company which is valued at $8.6 Million. Piedmont Natural Gas Company makes up approx 5.23% of Puplava Financial Services’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in PNY by selling 4,575 shares or 20.12% in the most recent quarter. The Hedge Fund company now holds 18,159 shares of PNY which is valued at $1.1 Million. Piedmont Natural Gas Company makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.

Piedmont Natural Gas Company opened for trading at $60.02 and hit $60.06 on the upside on Wednesday, eventually ending the session at $60.06, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 3,90,983 shares. Company has a market cap of $4,869 M.

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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