Dominion Resources (D) : Donaldson Capital Management scooped up 1,516 additional shares in Dominion Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 325,713 shares of Dominion Resources which is valued at $22,796,653.Dominion Resources makes up approximately 3.04% of Donaldson Capital Management’s portfolio.
Other Hedge Funds, Including , Allianz Asset Management Ag added D to its portfolio by purchasing 6,827 company shares during the most recent quarter which is valued at $477,822.Baird Financial Group reduced its stake in D by selling 2,153 shares or 1.95% in the most recent quarter. The Hedge Fund company now holds 108,460 shares of D which is valued at $7,714,760. Dominion Resources makes up approx 0.07% of Baird Financial Group’s portfolio.Daiwa Securities Group boosted its stake in D in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 15,400 shares of Dominion Resources which is valued at $1,136,366. Dominion Resources makes up approx 0.01% of Daiwa Securities Group’s portfolio.Sumitomo Life Insurance Co reduced its stake in D by selling 3,108 shares or 10.72% in the most recent quarter. The Hedge Fund company now holds 25,883 shares of D which is valued at $1,899,812. Dominion Resources makes up approx 0.29% of Sumitomo Life Insurance Co’s portfolio.Asset Advisors Corp boosted its stake in D in the latest quarter, The investment management firm added 450 additional shares and now holds a total of 5,161 shares of Dominion Resources which is valued at $377,837. Dominion Resources makes up approx 0.08% of Asset Advisors Corp’s portfolio.
Dominion Resources opened for trading at $71.06 and hit $71.43 on the upside on Monday, eventually ending the session at $71.15, with a gain of 0.17% or 0.12 points. The heightened volatility saw the trading volume jump to 26,96,455 shares. Company has a market cap of $44,593 M.
On the company’s financial health, Dominion Resources reported $1.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 31, 2016. Analyst had a consensus of $1.08. The company had revenue of $3132.00 million for the quarter, compared to analysts expectations of $3255.95 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.
Investors should note that on Oct 28, 2016, Dominion Resources announced a cash dividend of $0.7000. The company’s management has announced Nov 30, 2016 as the ex-dividend date and fixed the record date on Dec 2, 2016. The payable date has been fixed on Dec 20, 2016.
Many Wall Street Analysts have commented on Dominion Resources. Company shares were Reiterated by Barclays on Sep 26, 2016 to “Overweight”, Firm has raised the Price Target to $ 84 from a previous price target of $80 .
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 Companys 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. Dominions 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.