Private Wealth Advisors Inc. increased its position in Dominion Resources, Inc. (NYSE:D) by 1.7% during the third quarter, Holdings Channel reports. The fund owned 4,488 shares of the company’s stock after buying an additional 75 shares during the period. Private Wealth Advisors Inc.’s holdings in Dominion Resources were worth $333,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of D. TLP Group LLC acquired a new position in shares of Dominion Resources during the third quarter valued at approximately $120,000. Donaldson Capital Management LLC boosted its position in shares of Dominion Resources by 0.5% in the third quarter. Donaldson Capital Management LLC now owns 325,713 shares of the company’s stock valued at $24,191,000 after buying an additional 1,516 shares in the last quarter. United Services Automobile Association boosted its position in shares of Dominion Resources by 18.0% in the third quarter. United Services Automobile Association now owns 463,226 shares of the company’s stock valued at $34,404,000 after buying an additional 70,693 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Dominion Resources by 58.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,697 shares of the company’s stock valued at $9,484,000 after buying an additional 47,159 shares in the last quarter. Finally, Hartford Investment Management Co. boosted its position in shares of Dominion Resources by 2.3% in the third quarter. Hartford Investment Management Co. now owns 153,115 shares of the company’s stock valued at $11,372,000 after buying an additional 3,389 shares in the last quarter. 64.68% of the stock is owned by hedge funds and other institutional investors.
Shares of Dominion Resources, Inc. (NYSE:D) traded down 0.04% during midday trading on Wednesday, reaching $76.17. 1,913,870 shares of the company traded hands. The firm has a market capitalization of $47.74 billion, a P/E ratio of 22.96 and a beta of 0.21. The company has a 50 day moving average of $75.37 and a 200 day moving average of $75.01. Dominion Resources, Inc. has a 12 month low of $67.58 and a 12 month high of $78.97.
Dominion Resources (NYSE:D) last released its quarterly earnings data on Monday, October 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.02. Dominion Resources had a net margin of 18.05% and a return on equity of 14.48%. The company earned $3.13 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. Dominion Resources’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts predict that Dominion Resources, Inc. will post $3.80 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Shareholders of record on Friday, December 2nd were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $2.80 annualized dividend and a yield of 3.68%. Dominion Resources’s dividend payout ratio is currently 84.59%.
Several equities analysts have commented on the stock. Barclays PLC raised their price target on shares of Dominion Resources from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, September 26th. RBC Capital Markets reissued a “hold” rating and issued a $79.00 price target on shares of Dominion Resources in a research report on Wednesday, January 4th. Evercore ISI began coverage on shares of Dominion Resources in a research report on Thursday, January 5th. They issued a “hold” rating for the company. Finally, Citigroup Inc. reduced their price objective on shares of Dominion Resources from $78.00 to $74.00 and set a “neutral” rating on the stock in a report on Tuesday, October 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $78.43.
In other Dominion Resources news, Director Ron W. Jibson acquired 3,500 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was bought at an average cost of $70.98 per share, for a total transaction of $248,430.00. Following the completion of the purchase, the director now directly owns 1,142 shares in the company, valued at $81,059.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.37% of the company’s stock.
Dominion Resources Company Profile
Dominion Resources, Inc (Dominion) is a holding company. The Company 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 through three segments: Dominion Virginia Power (DVP), Dominion Generation and Dominion Energy.
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