Large Outflow of Money Witnessed in Piedmont Natural Gas Company

Piedmont Natural Gas Company (PNY) : The total money flow in Piedmont Natural Gas Company (PNY) was negative ($0.5 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $0.73 million. Transactions on upticks were comparatively lower at $0.24 million. The uptick to downtick ratio was 0.32. The total block trades on downticks were valued at $0 million. The money flow during block trades was negative ($0 million) when the stock traded with a gain of $1 cent. Piedmont Natural Gas Company (PNY) was $59.84, an increase of 0.02% over the previous days close.


Piedmont Natural Gas Company (NYSE:PNY): stock turned positive on Friday. Though the stock opened at $59.92, the bulls momentum made the stock top out at $59.92 level for the day. The stock recorded a low of $59.77 and closed the trading day at $59.86, in the green by 0.05%. The total traded volume for the day was 272,753. The stock had closed at $59.83 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Valentine Kenneth T, officer (Vice President) of Piedmont Natural Gas Co Inc, had unloaded 886 shares at an average price of $59.77 in a transaction dated on July 19, 2016. The total value of the transaction was worth $52,956.

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 Companys 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 Companys equity method investments in joint venture, energy-related businesses.

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