Retirement Systems of Alabama increased its position in Dominion Resources Inc. (NYSE:D) by 3.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 314,154 shares of the company’s stock after buying an additional 11,198 shares during the period. Retirement Systems of Alabama’s holdings in Dominion Resources were worth $24,482,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in D. Kistler Tiffany Companies LLC raised its stake 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. raised its stake 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 raised its stake 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. Investment House LLC raised its stake 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. Finally, Chesley Taft & Associates LLC raised its stake in Dominion Resources by 0.3% in the first quarter. Chesley Taft & Associates LLC now owns 15,492 shares of the company’s stock worth $1,164,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 63.21% of the company’s stock.
Shares of Dominion Resources Inc. (NYSE:D) traded down 1.07% during mid-day trading on Tuesday, hitting $75.78. 2,936,914 shares of the stock traded hands. The company’s 50-day moving average price is $75.35 and its 200 day moving average price is $74.30. The company has a market capitalization of $47.42 billion, a PE ratio of 23.63 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 issued its earnings results on Wednesday, August 3rd. The company reported $0.71 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.71. Dominion Resources had a net margin of 17.44% and a return on equity of 14.48%. The firm had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the business earned $0.73 earnings per share. The business’s revenue was down 5.4% on a year-over-year basis. Equities research analysts forecast 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. Stockholders of record on Friday, September 2nd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend was Wednesday, August 31st. Dominion Resources’s dividend payout ratio is 87.23%.
A number of research firms have recently commented on D. Zacks Investment Research lowered shares of Dominion Resources from a “hold” rating to a “sell” rating in a research note on Friday, July 22nd. Barclays PLC upped their price objective on shares of Dominion Resources from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday. Morgan Stanley lowered shares of Dominion Resources from an “overweight” rating to an “equal weight” rating and reduced their price objective 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 reaffirmed a “hold” rating on shares of Dominion Resources in a research note on Monday, June 6th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $73.00 price objective on shares of Dominion Resources in a research note on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target 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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