On Wednesday, Piedmont Natural Gas Company, Inc. (NYSE:PNY) extended stock grants to ten of its insiders. While two insiders, Directors Jo Anne Sanford and Eric James Burton, received higher value grants of $15,470.52 and $14,480.7, respectively, another eight insiders were awarded with smaller grants of $7,991.88. This was the case for Directors Frank Holding, Vicki McElreath, Aubrey Harwell, Michael Tarwater, Phillip Wright, Minor Shaw, Malcolm Everett, and Frankie Taylor Jones, who all received a stock grant of 218 shares Common Stock. Jones also reported a stock disposition last week, where he unloaded 5,671 shares, paying a price of $37.05 per share, and leaving him with a total of 16,486 company holdings.
On another note, this quarter showed a new shareholder position amongst hedge funds at Piedmont, with Peter Muller’s Pdt Partners, which acquired 24,581 shares, worth $870,000. However, the largest shareholder remains Chuck Royce’s Royce & Associates, which holds a total of 539,500 shares, with a value of $19 million.
Disclosure: none
