UMB Bank N A MO cut its stake in shares of Dominion Resources Inc. (NYSE:D) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,942 shares of the company’s stock after selling 223 shares during the period. UMB Bank N A MO’s holdings in Dominion Resources were worth $3,970,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Prospera Financial Services Inc boosted its stake in Dominion Resources by 19.0% in the second quarter. Prospera Financial Services Inc now owns 11,850 shares of the company’s stock valued at $923,000 after buying an additional 1,891 shares in the last quarter. Conning Inc. boosted its stake in Dominion Resources by 1.5% in the second quarter. Conning Inc. now owns 16,364 shares of the company’s stock valued at $1,275,000 after buying an additional 240 shares in the last quarter. Seaward Management Limited Partnership boosted its stake in Dominion Resources by 2.1% in the second quarter. Seaward Management Limited Partnership now owns 16,309 shares of the company’s stock valued at $1,270,000 after buying an additional 333 shares in the last quarter. Strs Ohio boosted its stake in Dominion Resources by 5.8% in the second quarter. Strs Ohio now owns 384,730 shares of the company’s stock valued at $29,982,000 after buying an additional 21,131 shares in the last quarter. Finally, First Merchants Corp acquired a new stake in Dominion Resources during the second quarter valued at approximately $204,000. 63.21% of the stock is owned by institutional investors and hedge funds.
Shares of Dominion Resources Inc. (NYSE:D) traded down 1.07% on Tuesday, reaching $75.78. The company had a trading volume of 2,936,914 shares. Dominion Resources Inc. has a 52-week low of $64.54 and a 52-week high of $78.97. The company has a 50 day moving average price of $75.35 and a 200 day moving average price of $74.30. The stock has a market capitalization of $47.42 billion, a PE ratio of 23.63 and a beta of 0.14.
Dominion Resources (NYSE:D) last released its earnings results on Wednesday, August 3rd. The company reported $0.71 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.71. The firm earned $2.60 billion during the quarter, compared to the consensus estimate of $2.99 billion. Dominion Resources had a return on equity of 14.48% and a net margin of 17.44%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.69%. Dominion Resources’s dividend payout ratio (DPR) is presently 87.23%.
Several equities analysts recently weighed in on the company. Barclays PLC raised their price objective on Dominion Resources from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday. 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. Canaccord Genuity reaffirmed a “hold” rating on shares of Dominion Resources in a research note on Friday, August 12th. Morgan Stanley downgraded Dominion Resources from an “overweight” rating to an “equal weight” rating and dropped 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. Finally, Zacks Investment Research downgraded Dominion Resources from a “hold” rating to a “sell” rating in a research note on Friday, July 22nd. 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 company. Dominion Resources presently has a consensus 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.
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