Blue Fin Capital Inc. held its stake in Dominion Resources Inc. (NYSE:D) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,152 shares of the company’s stock at the end of the second quarter. Blue Fin Capital Inc.’s holdings in Dominion Resources were worth $791,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in D. Citizens Financial Group Inc RI increased its stake in Dominion Resources by 2.3% in the first quarter. Citizens Financial Group Inc RI now owns 14,439 shares of the company’s stock worth $1,084,000 after buying an additional 325 shares during the last quarter. Wellington Management Group LLP increased its stake in Dominion Resources by 10.3% in the first quarter. Wellington Management Group LLP now owns 28,779,149 shares of the company’s stock worth $2,161,888,000 after buying an additional 2,689,111 shares during the last quarter. Simmons Bank purchased a new stake in Dominion Resources during the first quarter worth $2,064,000. Geode Capital Management LLC increased its stake in Dominion Resources by 2.3% in the first quarter. Geode Capital Management LLC now owns 4,810,737 shares of the company’s stock worth $360,645,000 after buying an additional 106,946 shares during the last quarter. Finally, AXA increased its stake in Dominion Resources by 9.9% in the first quarter. AXA now owns 449,957 shares of the company’s stock worth $33,801,000 after buying an additional 40,361 shares during the last quarter. Institutional investors and hedge funds own 63.19% of the company’s stock.
Shares of Dominion Resources Inc. (NYSE:D) traded down 0.14% during mid-day trading on Wednesday, reaching $73.27. 1,436,991 shares of the company’s stock traded hands. Dominion Resources Inc. has a 12-month low of $64.54 and a 12-month high of $78.97. The firm has a market capitalization of $45.85 billion, a price-to-earnings ratio of 22.85 and a beta of 0.20. The stock has a 50-day moving average price of $74.18 and a 200 day moving average price of $74.20.
Dominion Resources (NYSE:D) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.71 EPS for the quarter, hitting the consensus estimate of $0.71. The business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Dominion Resources had a net margin of 17.44% and a return on equity of 14.48%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 EPS. Analysts anticipate that Dominion Resources Inc. will post $3.79 EPS for the current fiscal year.
The business also recently declared 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 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend was Wednesday, August 31st. Dominion Resources’s payout ratio is currently 87.23%.
A number of brokerages have recently issued reports on D. Zacks Investment Research cut Dominion Resources from a “hold” rating to a “sell” rating in a research note on Friday, July 22nd. Barclays PLC raised their price objective on Dominion Resources from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, September 26th. Deutsche Bank AG reaffirmed a “hold” rating and set a $73.00 price objective on shares of Dominion Resources in a research note on Thursday, August 25th. Canaccord Genuity reaffirmed a “hold” rating on shares of Dominion Resources in a research note on Friday, August 12th. Finally, Morgan Stanley cut Dominion Resources from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $82.00 to $79.00 in a research note on Monday, August 8th. They noted that the move was a valuation call. One research 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 an average target price of $76.77.
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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