Columbia Pipeline Group (NYSE:CPGX) has tumbled 0.31% during the past week and has dropped 0.27% in the last 4 week period. The company has outperformed the S&P 500 by 0.88% in the past week but underperformed the index by 1.18% in the last 4 weeks.
Columbia Pipeline Group (NYSE:CPGX): The stock opened at $25.50 on Friday but the bulls could not build on the opening and the stock topped out at $25.50 for the day. The stock traded down to $25.45 during the day, due to lack of any buying support eventually closed down at $25.45 with a loss of -0.04% for the day. The stock had closed at $25.46 on the previous day. The total traded volume was 3,935,561 shares.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer of Columbia Pipeline Group, Inc., Smith Robert Edgar had purchased shares worth of $58,300 in a transaction dated on September 11, 2015. A total of 2,500 shares were purchased at a price of $23.32 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. BMO Capital initiates coverage on Columbia Pipeline Group (NYSE:CPGX) . Analysts at the BMO Capital have a current rating of Market Perform on the shares. The rating by the firm was issued on April 19, 2016. Institutional Investors own 81.77% of Columbia Pipeline Group shares.
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.