Last $22.25 USD
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As of 8:10 PM 11/24/14 All times are local (Market data is delayed by at least 15 minutes).

corning natural gas holding (CNIG) Key Developments

Corning Natural Gas Holding Corporation Appoints Robert B. Johnston as Independent Director

On July 15, 2014, at its regular meeting, the board of directors of Corning Natural Gas Holding Corporation expanded the size of the Board from seven to eight directors as provided in its By-Laws and elected Robert B. Johnston to fill the newly created vacancy to serve until the next annual meeting of shareholders and until his replacement has been elected and qualified. The Board of Directors also determined that Mr. Johnston was an independent director. Mr. Johnston is currently Executive Vice President and Chief Strategy Officer of The Intertech Group Inc. Mr. Johnston is currently a director of the Board of Directors of Span American Medical Systems, Circa Enterprises Inc. and Fyffes PLC.

Corning Natural Gas Holding Corporation Announces Amendments to the Bylaws

Corning Natural Gas Holding Corporation On June 2, 2014, the Board of Directors of Corning Natural Gas Holding Corporation approved amendments to the company's bylaws to clarify the ability of the Board to increase the size of the Board from time to time within the three to nine person range set by the Bylaws and to clarify that all directors, whether elected by shareholders at an annual meeting or by the board of directors to fill a vacancy, serve until the next annual meeting of shareholders and until such director's successor has been elected and has qualified. The amendments were approved as part of the amended and restated bylaws effective on June 2, 2014.

Corning Natural Gas Holding Corporation, Annual General Meeting, Apr 15, 2014

Corning Natural Gas Holding Corporation, Annual General Meeting, Apr 15, 2014., at 10:00 US Eastern Standard Time. Location: 330 West William Street,. Agenda: To consider the election of directors; to consider non binding advisory vote to approve its executive compensation; and to consider the ratification of the appointment of Freed Maxick CPAs, P.C. as its independent registered public accounting firm for the fiscal year ending September 30, 2014; and to consider transact such other business as may properly come before the meeting or any adjournment thereof.

Corning Natural Gas Holding Corporation Reports Earnings Results for the Year Ended September 30, 2013

Corning Natural Gas Holding Corporation reported earnings results for the year ended September 30, 2013. For the year, the company reported net income of $1.78 million or $0.80 per share, compared to $1.35 million, or $0.69 per share a year ago. Utility operating Revenue was $23.47 million compared to $19.44 million a year ago. Utility operating income was $3.46 million compared to $2.09 million a year ago.

Corning Natural Gas Corporation will Change its Name to Corning Natural Gas Holding Corporation

Effective December 17, 2013, Corning Natural Gas Corporation will change its name to Corning Natural Gas Holding Corporation.

 

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CNIG

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Valuation CNIG Industry Range
Price/Earnings 22.7x
Price/Sales 2.1x
Price/Book 1.9x
Price/Cash Flow 13.5x
TEV/Sales 1.4x
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