Piedmont Natural Gas The natural gas distribution company reported earlier this month first-quarter earnings of $76.2 million, or $1.05 a share, down from year-earlier earnings of $84.4 million, or $1.16 a share. "Lower than expected results were primarily driven by warmer than normal weather, which negatively impacted wholesale marketing margins and residential and commercial volumes in SC and TN," Bank of America Merrill Lynch analysts wrote in a report on Sunday. "We were surprised at the degree of impact to PNY's utility results from the warmer than normal weather given PNY has weather normalization adjustments (WNA) mechanisms in SC and TN." Forward Annual Dividend Yield: 3.8% Rated "A- (Buy)" by TheStreet Ratings: The company's first-quarter gross profit margin increased from the previous year. Piedmont Natural Gas has very weak liquidity. Its Quick Ratio is 0.25, which demonstrates a lack of ability to meet its short-term cash needs. In the first quarter, stockholders' net worth increased 1.43% from the prior year. TheStreet Ratings' price target is $37.17. The stock closed Monday at $31.65 and has fallen 6.86% year to date.