Private Wealth Partners LLC held its stake in shares of Dominion Resources Inc. (NYSE:D) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,106 shares of the company’s stock at the end of the second quarter. Private Wealth Partners LLC’s holdings in Dominion Resources were worth $710,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Cribstone Capital Management LLC purchased a new position in Dominion Resources during the second quarter valued at approximately $168,000. Kistler Tiffany Companies LLC raised its position in Dominion Resources by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 2,585 shares of the company’s stock valued at $201,000 after buying an additional 12 shares during the period. Rockland Trust Co. purchased a new position in Dominion Resources during the second quarter valued at approximately $202,000. First Merchants Corp purchased a new position in Dominion Resources during the second quarter valued at approximately $204,000. Finally, Rehmann Capital Advisory Group purchased a new position in Dominion Resources during the first quarter valued at approximately $205,000. 63.21% of the stock is currently owned by institutional investors and hedge funds.
Dominion Resources Inc. (NYSE:D) traded down 1.33% during mid-day trading on Monday, reaching $73.28. The company’s stock had a trading volume of 2,487,600 shares. Dominion Resources Inc. has a 52 week low of $64.54 and a 52 week high of $78.97. The firm has a market capitalization of $45.86 billion, a P/E ratio of 22.85 and a beta of 0.20. The firm’s 50 day moving average price is $75.35 and its 200 day moving average price is $74.33.
Dominion Resources (NYSE:D) last released its earnings results on Wednesday, August 3rd. The company reported $0.71 EPS for the quarter, hitting analysts’ consensus estimates of $0.71. Dominion Resources had a return on equity of 14.48% and a net margin of 17.44%. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the business posted $0.73 EPS. Dominion Resources’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, analysts anticipate that Dominion Resources Inc. will post $3.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Friday, September 2nd were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend was Wednesday, August 31st. Dominion Resources’s dividend payout ratio is presently 87.23%.
Several research analysts have commented on D shares. BMO Capital Markets reaffirmed a “hold” rating and set a $77.00 price target on shares of Dominion Resources in a research report on Wednesday, June 22nd. Morgan Stanley lowered Dominion Resources from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $82.00 to $79.00 in a research report on Monday, August 8th. They noted that the move was a valuation call. Canaccord Genuity reaffirmed a “hold” rating on shares of Dominion Resources in a research report on Friday, August 12th. Barclays PLC lifted their price target on Dominion Resources from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, September 26th. Finally, JPMorgan Chase & Co. downgraded Dominion Resources from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $76.00 to $81.00 in a research note on Thursday, June 16th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price 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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