NEW YORK (
) hit a new 52-week high Friday as it is currently trading at $34.67, above its previous 52-week high of $34.51 with 23,063 shares traded as of 9:59 a.m. ET. Average volume has been 359,400 shares over the past 30 days.
Piedmont Natural Gas has a market cap of $2.46 billion and is part of the
industry. Shares are up 23.1% year to date as of the close of trading on Thursday.
Piedmont Natural Gas Company, Inc., an energy services company, distributes natural gas to residential, commercial, industrial, and power generation customers in portions of North Carolina, South Carolina, and Tennessee. The company has a P/E ratio of 21.7, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Piedmont Natural Gas as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full
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