Terra Nova Asset Management LLC held its position in shares of Dominion Resources Inc. (NYSE:D) during the second quarter, Holdings Channel reports. The fund owned 7,270 shares of the company’s stock at the end of the second quarter. Terra Nova Asset Management LLC’s holdings in Dominion Resources were worth $567,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions 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 shares of 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 during the period. Windward Capital Management Co. CA raised its stake in shares of 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 during the period. Investment House LLC raised its stake in shares of 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 during the period. Finally, Chesley Taft & Associates LLC raised 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 worth $1,164,000 after buying an additional 50 shares during the period. 63.21% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Dominion Resources Inc. (NYSE:D) traded down 0.53% during trading on Monday, hitting $76.60. 2,521,747 shares of the stock traded hands. The firm’s 50-day moving average price is $75.33 and its 200-day moving average price is $74.27. The company has a market cap of $47.93 billion, a price-to-earnings ratio of 23.89 and a beta of 0.14. Dominion Resources Inc. has a 52 week low of $64.54 and a 52 week high of $78.97.
Dominion Resources (NYSE:D) last announced its earnings results on Wednesday, August 3rd. The company reported $0.71 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.71. The firm earned $2.60 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Dominion Resources had a return on equity of 14.48% and a net margin of 17.44%. The company’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 earnings per share. On average, equities research analysts anticipate that Dominion Resources Inc. will post $3.79 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd were given a $0.70 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $2.80 annualized dividend and a dividend yield of 3.66%. Dominion Resources’s dividend payout ratio is 87.23%.
A number of brokerages recently issued reports 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 lifted their price target on shares of Dominion Resources from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday. Deutsche Bank AG restated a “hold” rating and issued a $73.00 price target on shares of Dominion Resources in a research note on Thursday, August 25th. Canaccord Genuity restated a “hold” rating on shares of Dominion Resources in a research note on Friday, August 12th. Finally, Morgan Stanley lowered shares of Dominion Resources from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $82.00 to $79.00 in a research note on Monday, August 8th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Dominion Resources presently has an average rating of “Hold” and a consensus target price of $77.13.
About Dominion Resources
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.
Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Resources Inc. (NYSE:D).
Receive News & Ratings for Dominion Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.