Agran Libbie reduced its position in Dominion Resources Inc. (NYSE:D) by 0.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 136,941 shares of the company’s stock after selling 1,209 shares during the period. Dominion Resources makes up about 2.7% of Agran Libbie’s portfolio, making the stock its 5th largest position. Agran Libbie’s holdings in Dominion Resources were worth $10,672,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of D. Douglas Lane & Associates LLC bought a new stake in shares of Dominion Resources during the first quarter valued at $318,000. Delta Asset Management LLC TN boosted its stake in shares of Dominion Resources by 2.4% in the first quarter. Delta Asset Management LLC TN now owns 6,435 shares of the company’s stock valued at $484,000 after buying an additional 150 shares during the last quarter. Chesley Taft & Associates LLC boosted its stake in shares of Dominion Resources by 0.3% in the first quarter. Chesley Taft & Associates LLC now owns 15,492 shares of the company’s stock valued at $1,164,000 after buying an additional 50 shares during the last quarter. Sii Investments Inc. WI boosted its stake in shares of Dominion Resources by 8.5% in the first quarter. Sii Investments Inc. WI now owns 5,700 shares of the company’s stock valued at $430,000 after buying an additional 446 shares during the last quarter. Finally, River Wealth Advisors LLC boosted its stake in shares of Dominion Resources by 0.7% in the first quarter. River Wealth Advisors LLC now owns 35,134 shares of the company’s stock valued at $2,639,000 after buying an additional 257 shares during the last quarter. 63.21% of the stock is owned by institutional investors and hedge funds.
Dominion Resources Inc. (NYSE:D) traded down 1.44% on Thursday, hitting $74.75. The stock had a trading volume of 2,446,539 shares. The stock has a 50 day moving average price of $75.39 and a 200 day moving average price of $74.31. The company has a market cap of $46.78 billion, a P/E ratio of 23.31 and a beta of 0.14. Dominion Resources Inc. has a 1-year low of $64.54 and a 1-year high of $78.97.
Dominion Resources (NYSE:D) last posted its earnings results on Wednesday, August 3rd. The company reported $0.71 earnings per share for the quarter, meeting the consensus estimate of $0.71. The company had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.99 billion. Dominion Resources had a net margin of 17.44% and a return on equity of 14.48%. Dominion Resources’s revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 EPS. On average, equities research analysts expect that Dominion Resources Inc. will post $3.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Friday, September 2nd were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $2.80 annualized dividend and a yield of 3.75%. Dominion Resources’s payout ratio is 87.23%.
Several equities research analysts have recently weighed in on the company. BMO Capital Markets reissued a “hold” rating and issued a $77.00 price target on shares of Dominion Resources in a research note on Wednesday, June 22nd. Zacks Investment Research cut Dominion Resources from a “hold” rating to a “sell” rating in a research note on Friday, July 22nd. Canaccord Genuity reissued a “hold” rating on shares of Dominion Resources in a research note on Friday, August 12th. Morgan Stanley cut Dominion Resources from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $82.00 to $79.00 in a research note on Monday, August 8th. They noted that the move was a valuation call. Finally, Barclays PLC increased their price target on Dominion Resources from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Dominion Resources currently has an average rating of “Hold” and an average target price of $77.13.
Dominion Resources Company Profile
Dominion Resources, Inc (Dominion) is a holding company. The Company is a producer and transporter of energy. The Company is a provider of electricity, natural gas and related services to customers in the eastern region of the United States. The Company operates through three segments: Dominion Virginia Power (DVP), Dominion Generation and Dominion Energy.
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