Dominion Resources (D) : Prospera Financial Services Inc scooped up 304 additional shares in Dominion Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 12,154 shares of Dominion Resources which is valued at $871,320.Dominion Resources makes up approximately 0.18% of Prospera Financial Services Inc’s portfolio.
Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in D in the latest quarter, The investment management firm added 17,975 additional shares and now holds a total of 117,810 shares of Dominion Resources which is valued at $8,445,799. Dominion Resources makes up approx 0.11% of Nisa Investment Advisors’s portfolio.Chevy Chase Trust Holdings reduced its stake in D by selling 3,934 shares or 0.73% in the most recent quarter. The Hedge Fund company now holds 532,840 shares of D which is valued at $38,300,539. Dominion Resources makes up approx 0.21% of Chevy Chase Trust Holdings’s portfolio. Curbstone Financial Management Corp sold out all of its stake in D during the most recent quarter. The investment firm sold 5,600 shares of D which is valued $402,528.Boltwood Capital Management boosted its stake in D in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 19,993 shares of Dominion Resources which is valued at $1,437,097. Dominion Resources makes up approx 1.16% of Boltwood Capital Management’s portfolio.
Dominion Resources closed down -0.53 points or -0.73% at $71.69 with 25,73,310 shares getting traded on Tuesday. Post opening the session at $72.2, the shares hit an intraday low of $71.44 and an intraday high of $72.28 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.
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 was Downgraded by Morgan Stanley to ” Equal-Weight” on Aug 8, 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 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.