Stralem Co Inc Lowers stake in Dominion Resources (D)

Dominion Resources (D) : Stralem Co Inc reduced its stake in Dominion Resources by 7.47% during the most recent quarter end. The investment management company now holds a total of 355,690 shares of Dominion Resources which is valued at $27,494,837 after selling 28,700 shares in Dominion Resources , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Dominion Resources makes up approximately 3.10% of Stralem Co Inc’s portfolio.

Other Hedge Funds, Including , Cape Cod Five Cents Savings Bank reduced its stake in D by selling 210 shares or 1.74% in the most recent quarter. The Hedge Fund company now holds 11,862 shares of D which is valued at $919,661. Dominion Resources makes up approx 0.16% of Cape Cod Five Cents Savings Bank’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in D in the latest quarter, The investment management firm added 3,039 additional shares and now holds a total of 19,375 shares of Dominion Resources which is valued at $1,506,794. Dominion Resources makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio. Investment Partners Ltd Oh Adv sold out all of its stake in D during the most recent quarter. The investment firm sold 13,242 shares of D which is valued $1,029,830.

Dominion Resources closed down -0.53 points or -0.68% at $77.3 with 14,08,546 shares getting traded on Wednesday. Post opening the session at $77.72, the shares hit an intraday low of $77.231 and an intraday high of $77.99 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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