Piedmont Natural Gas Company, Inc. (NYSE:PNY)
An energy services company primarily engaged in the distribution of natural gas to residential, commercial and industrial utility customers in North Carolina, South Carolina and Tennessee.
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for years pny appeared to be a superior performer among gas utes thus warranting its above peer group PE. now it is consistently lagging other steady performers such as ATO and ATG. PNY no longer is maximizing the potential provided by the rapid economic growth of its service area.
Recs
Stock doesn't appreciate a whole lot but pays a very nice dividend that continues to increase. Again, NG will only get better as fuel prices go up.
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