Piedmont Natural Gas Co Inc (PNY): Malcolm E Iii Everett , director of Piedmont Natural Gas Co Inc sold 15,000 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 14, 2016 to the Securities and Exchange Commission. The shares were sold at $60.15 per share for a total value of $902,200.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 14, 2016, Malcolm E Iii Everett (director) sold 15,000 shares at $60.15 per share price.On Jun 3, 2016, Kenneth T Valentine (Vice President) sold 1,482 shares at $59.24 per share price.Also, On Apr 26, 2016, R O Pritchard (Vice President) sold 3,300 shares at $59.60 per share price.On Apr 5, 2016, Frank B Jr Holding (director) sold 14,000 shares at $59.79 per share price.
Piedmont Natural Gas Company: On Friday, Jun 10, 2016 heightened volatility was witnessed in Piedmont Natural Gas Company which led to swings in the share price. The shares opened for trading at $60.15 and hit $60.35 on the upside , eventually ending the session at $60.33, with a gain of 0.17% or 0.1 points. The heightened volatility saw the trading volume jump to 3,42,778 shares. The 52-week high of the share price is $60.35 and the company has a market cap of $4,899 M . The 52-week low of the share price is at $35.09.
On Jun 7, 2016, Piedmont Natural Gas Company announced a cash dividend of $0.3400. The company’s management has announced Jun 22, 2016 as the ex-dividend date and fixed the record date on Jun 24, 2016. The payable date has been fixed on Jul 15, 2016.
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.