Columbia Pipeline Group Inc (CPGX) : Rex Capital Advisors added new position in Columbia Pipeline Group Inc during the most recent quarter end. The investment management firm now holds 9,523 shares of Columbia Pipeline Group Inc which is valued at $242,741 , the company said in a statement filed on May 13, 2016 with the SEC.Columbia Pipeline Group Inc makes up approximately 0.25% of Rex Capital Advisors’s portfolio.
Other Hedge Funds, Including , Meiji Yasuda Asset Management Co Ltd. added CPGX to its portfolio by purchasing 8,770 company shares during the most recent quarter which is valued at $223,547. Columbia Pipeline Group Inc makes up approx 0.05% of Meiji Yasuda Asset Management Co Ltd.’s portfolio.Nationwide Fund Advisors reduced its stake in CPGX by selling 4,095 shares or 3.49% in the most recent quarter. The Hedge Fund company now holds 113,358 shares of CPGX which is valued at $2.9 Million. Columbia Pipeline Group Inc makes up approx 0.01% of Nationwide Fund Advisors’s portfolio.Tocqueville Asset Management reduced its stake in CPGX by selling 100 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 277,988 shares of CPGX which is valued at $7.1 Million. Columbia Pipeline Group Inc makes up approx 0.09% of Tocqueville Asset Management’s portfolio.
Columbia Pipeline Group Inc (CPGX) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $25.53 and reached the intraday high at $25.55. The bulls started the profit booking and pushed the shares to intraday low of $25.51. The trading session was marked by a volume range of 36,67,629 shares exchanging hands. The 52-week high of the shares is $31.19 and the 52-week low is $15.39. The market cap of the company stands at $10,218 M and there are 40,03,83,240 shares in public circulation.
On the company’s financial health, Columbia Pipeline Group Inc reported $0.23 EPS for the quarter, based on the information available during the earnings call on May 3, 2016. Analyst had a consensus estimate of $. The company had revenue of $364.50 million for the quarter.The company’s revenue was up 7.2% compared to the same quarter last year.
Investors should note that on May 10, 2016, Columbia Pipeline Group Inc announced a cash dividend of $0.1388. The company’s management has announced Jul 27, 2016 as the ex-dividend date and fixed the record date on Jul 29, 2016. The payable date has been fixed on Aug 19, 2016.
Many Wall Street Analysts have commented on Columbia Pipeline Group Inc. Columbia Pipeline Group Inc was Downgraded by Jefferies to ” Hold” on Mar 18, 2016. Columbia Pipeline Group Inc was Initiated by Goldman to “Neutral” on Mar 17, 2016. Columbia Pipeline Group Inc was Downgraded by Credit Suisse to ” Underperform” on Mar 17, 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 Company’s systems connect the natural gas supplies with nation’s 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 Company’s 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.