Blue Edge Capital buys $1,101,724 stake in Dominion Resources (D)

Dominion Resources (D) : Blue Edge Capital scooped up 6 additional shares in Dominion Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 14,504 shares of Dominion Resources which is valued at $1,101,724.Dominion Resources makes up approximately 0.59% of Blue Edge Capital’s portfolio.

Other Hedge Funds, Including , Comerica Bank boosted its stake in D in the latest quarter, The investment management firm added 21,571 additional shares and now holds a total of 238,954 shares of Dominion Resources which is valued at $18,150,946. Dominion Resources makes up approx 0.16% of Comerica Bank’s portfolio. Signature Financial Management sold out all of its stake in D during the most recent quarter. The investment firm sold 2,747 shares of D which is valued $210,832.Pennsylvania Trust Co boosted its stake in D in the latest quarter, The investment management firm added 1,081 additional shares and now holds a total of 142,369 shares of Dominion Resources which is valued at $11,005,124. Dominion Resources makes up approx 0.87% of Pennsylvania Trust Co’s portfolio.Partnerre Asset Management Corp boosted its stake in D in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 4,083 shares of Dominion Resources which is valued at $317,739. Dominion Resources makes up approx 0.16% of Partnerre Asset Management Corp’s portfolio.

Dominion Resources closed down -0.45 points or -0.59% at $75.83 with 20,96,191 shares getting traded on Tuesday. Post opening the session at $76.38, the shares hit an intraday low of $75.83 and an intraday high of $76.78 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Dominion Resources reported $0.71 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.71. The company had revenue of $2598.00 million for the quarter, compared to analysts expectations of $2918.93 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.73 EPS.

Investors should note that on Aug 2, 2016, Dominion Resources announced a cash dividend of $0.7000. The company’s management has announced Aug 31, 2016 as the ex-dividend date and fixed the record date on Sep 2, 2016. The payable date has been fixed on Sep 20, 2016.

Many Wall Street Analysts have commented on Dominion Resources. Dominion Resources was Downgraded by Morgan Stanley to ” Equal-Weight” on Aug 8, 2016. 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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