Investopedia: Piedmont's Total Return Prospects Look Middling

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Utilities are predictable businesses, but not entirely risk free. That's especially true in the case of a company like Piedmont Natural Gas (NYSE:PNY) where a lot of the company's future growth is predicated on customers switching over to gas. While Piedmont does enjoy a constructive regulatory environment and has been a very consistent dividend payer, buying the shares with a yield below 4% doesn't seem to make all that much sense.

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