Aviance Capital Management buys $14,818,175 stake in Dominion Resources (D)

Dominion Resources (D) : Aviance Capital Management scooped up 53,874 additional shares in Dominion Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 193,651 shares of Dominion Resources which is valued at $14,818,175.Dominion Resources makes up approximately 0.44% of Aviance Capital Management’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc boosted its stake in D in the latest quarter, The investment management firm added 15,935 additional shares and now holds a total of 100,094 shares of Dominion Resources which is valued at $7,659,193. Dominion Resources makes up approx 0.01% of American Century Companies Inc’s portfolio.E&g Advisors Lp reduced its stake in D by selling 7,271 shares or 30.81% in the most recent quarter. The Hedge Fund company now holds 16,329 shares of D which is valued at $1,249,495. Dominion Resources makes up approx 0.73% of E&g Advisors Lp’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma boosted its stake in D in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 5,500 shares of Dominion Resources which is valued at $427,735. Dominion Resources makes up approx 0.01% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.

Dominion Resources opened for trading at $76.79 and hit $78.22 on the upside on Friday, eventually ending the session at $78.02, with a gain of 1.40% or 1.08 points. The heightened volatility saw the trading volume jump to 33,57,560 shares. Company has a market cap of $48,077 M.

On the company’s financial health, Dominion Resources reported $0.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.94.Analysts expectations of $ 3450.99.During the same quarter in the previous year, the company posted $0.99 EPS.

Many Wall Street Analysts have commented on Dominion Resources. Company shares were Reiterated by UBS on Jul 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 77 from a previous price target of $74 .Dominion Resources was Downgraded by JP Morgan to ” Neutral” on Jun 16, 2016.

Dominion Resources Inc. (Dominion) 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 in three segments: Dominion Virginia Power (DVP) Dominion Generation and Dominion Energy. As of December 31 2014 the Company’s portfolio of assets includes approximately 24600 megawatt (MW) of generating capacity; 6400 miles of electric transmission lines; 57100 miles of electric distribution lines; 10900 miles of natural gas transmission gathering and storage pipeline and 21900 miles of gas distribution pipeline exclusive of service lines. Dominion’s operations are conducted through various subsidiaries including Virginia Power and Dominion Gas. The Company also operates one of the underground natural gas storage systems with approximately 947 billion cubic feet (bcf) of storage capacity.

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