Glenview State Bank Trust DEPT. continued to hold its stake in shares of Dominion Resources Inc. (NYSE:D) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,800 shares of the company’s stock at the end of the second quarter. Glenview State Bank Trust DEPT.’s holdings in Dominion Resources were worth $296,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of D. Kistler Tiffany Companies LLC boosted its position in Dominion Resources by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 2,585 shares of the company’s stock worth $201,000 after buying an additional 12 shares in the last quarter. Pitcairn Co. boosted its position in Dominion Resources by 0.5% in the second quarter. Pitcairn Co. now owns 5,215 shares of the company’s stock worth $407,000 after buying an additional 28 shares in the last quarter. Windward Capital Management Co. CA boosted its position in Dominion Resources by 0.9% in the second quarter. Windward Capital Management Co. CA now owns 3,369 shares of the company’s stock worth $263,000 after buying an additional 29 shares in the last quarter. Essex Financial Services Inc. boosted its position in Dominion Resources by 0.9% in the second quarter. Essex Financial Services Inc. now owns 3,662 shares of the company’s stock worth $285,000 after buying an additional 34 shares in the last quarter. Finally, Investment House LLC boosted its position in Dominion Resources by 0.9% in the second quarter. Investment House LLC now owns 5,498 shares of the company’s stock worth $428,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 63.19% of the company’s stock.
Dominion Resources Inc. (NYSE:D) traded up 0.8100% during midday trading on Tuesday, hitting $73.4199. The company had a trading volume of 1,113,510 shares. The company’s 50 day moving average is $74.25 and its 200-day moving average is $74.22. The company has a market cap of $45.94 billion, a P/E ratio of 22.8936 and a beta of 0.20. Dominion Resources Inc. has a one year low of $64.54 and a one year high of $78.97.
Dominion Resources (NYSE:D) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.71 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.71. Dominion Resources had a return on equity of 14.48% and a net margin of 17.44%. The business had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the business earned $0.73 EPS. The firm’s revenue was down 5.4% compared to the same quarter last year. On average, equities analysts predict that Dominion Resources Inc. will post $3.79 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Friday, September 2nd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Wednesday, August 31st. Dominion Resources’s payout ratio is 87.23%.
D has been the subject of a number of analyst reports. BMO Capital Markets restated a “hold” rating and issued a $77.00 price target on shares of Dominion Resources in a report 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. Morgan Stanley cut Dominion Resources from an “overweight” rating to an “equal weight” rating and reduced their target price 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. Canaccord Genuity reiterated a “hold” rating on shares of Dominion Resources in a research note on Friday, August 12th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $73.00 target price on shares of Dominion Resources in a research note on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $76.77.
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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