PGGM Investments boosted its position in Dominion Resources Inc. (NYSE:D) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 506,733 shares of the company’s stock after buying an additional 292 shares during the period. PGGM Investments’ holdings in Dominion Resources were worth $39,490,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the company. Cribstone Capital Management LLC purchased a new position in shares of Dominion Resources during the second quarter worth approximately $168,000. Kistler Tiffany Companies LLC increased its position in shares of Dominion Resources by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 2,585 shares of the company’s stock worth $201,000 after buying an additional 12 shares during the last quarter. Rockland Trust Co. purchased a new position in shares of Dominion Resources during the second quarter worth approximately $202,000. First Merchants Corp purchased a new position in shares of Dominion Resources during the second quarter worth approximately $204,000. Finally, Rehmann Capital Advisory Group purchased a new position in shares of Dominion Resources during the first quarter worth approximately $205,000. Institutional investors own 63.21% of the company’s stock.
Shares of Dominion Resources Inc. (NYSE:D) traded down 0.53% during midday trading on Monday, reaching $76.60. 2,521,747 shares of the company were exchanged. The company has a market capitalization of $47.93 billion, a PE ratio of 23.89 and a beta of 0.14. The firm’s 50 day moving average is $75.33 and its 200-day moving average is $74.27. Dominion Resources Inc. has a 52-week low of $64.54 and a 52-week high of $78.97.
Dominion Resources (NYSE:D) last posted its earnings results on Wednesday, August 3rd. The company reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.71. The company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Dominion Resources had a return on equity of 14.48% and a net margin of 17.44%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.73 earnings per share. On average, equities analysts forecast that Dominion Resources Inc. will post $3.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Friday, September 2nd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Wednesday, August 31st. Dominion Resources’s payout ratio is 87.23%.
A number of brokerages have commented on D. Canaccord Genuity restated a “hold” rating on shares of Dominion Resources in a research report on Monday, June 6th. Deutsche Bank AG reaffirmed a “hold” rating and set a $73.00 price target on shares of Dominion Resources in a research note on Thursday, August 25th. Zacks Investment Research cut shares of Dominion Resources from a “hold” rating to a “sell” rating in a research note on Friday, July 22nd. JPMorgan Chase & Co. cut shares of Dominion Resources from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $76.00 to $81.00 in a research note on Thursday, June 16th. They noted that the move was a valuation call. Finally, Barclays PLC upped their price target on shares of Dominion Resources from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $77.13.
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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