Shares of Piedmont Natural Gas Co. (NYSE:PNY) fell 0.1% on Friday . The company traded as low as $59.82 and last traded at $59.85, with a volume of 313,874 shares changing hands. The stock had previously closed at $59.91.

Separately, Zacks Investment Research raised shares of Piedmont Natural Gas from a “sell” rating to a “hold” rating in a report on Saturday, July 2nd.

The company has a market capitalization of $4.86 billion and a price-to-earnings ratio of 34.79. The firm’s 50 day moving average price is $60.00 and its 200 day moving average price is $59.37.

Piedmont Natural Gas (NYSE:PNY) last announced its quarterly earnings results on Wednesday, June 8th. The company reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.06. The company had revenue of $350.20 million for the quarter, compared to analyst estimates of $419.80 million. The business’s revenue was down 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 EPS. On average, equities research analysts expect that Piedmont Natural Gas Co. will post $1.93 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, June 24th will be given a dividend of $0.34 per share. The ex-dividend date is Wednesday, June 22nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.27%.

In other Piedmont Natural Gas news, VP R O. Pritchard sold 3,300 shares of the stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $59.60, for a total transaction of $196,680.00. Following the transaction, the vice president now owns 17,269 shares in the company, valued at approximately $1,029,232.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Malcolm E. Everett III sold 15,000 shares of the stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $60.15, for a total transaction of $902,250.00. Following the transaction, the director now owns 51,724 shares in the company, valued at approximately $3,111,198.60. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have made changes to their positions in PNY. Russell Frank Co raised its position in shares of Piedmont Natural Gas by 66.1% in the fourth quarter. Russell Frank Co now owns 119,236 shares of the company’s stock worth $6,798,000 after buying an additional 47,435 shares during the last quarter. Strs Ohio raised its position in shares of Piedmont Natural Gas by 201.7% in the fourth quarter. Strs Ohio now owns 35,300 shares of the company’s stock worth $2,012,000 after buying an additional 23,600 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Piedmont Natural Gas by 1.6% in the fourth quarter. Nationwide Fund Advisors now owns 51,275 shares of the company’s stock worth $2,924,000 after buying an additional 823 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Piedmont Natural Gas by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 145,997 shares of the company’s stock worth $8,325,000 after buying an additional 2,317 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Piedmont Natural Gas by 0.3% in the fourth quarter. Swiss National Bank now owns 104,400 shares of the company’s stock worth $5,953,000 after buying an additional 300 shares during the last quarter.

Piedmont Natural Gas Company, Inc is an energy services company. The Company’s principal business is the distribution of natural gas to residential, commercial, industrial and power generation customers in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities, which are its wholesale customers.

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