Investors Sell Shares of Dominion Resources Inc. (D) on Strength (D)
Traders sold shares of Dominion Resources Inc. (NYSE:D) on strength during trading on Thursday. $23.60 million flowed into the stock on the tick-up and $62.39 million flowed out of the stock on the tick-down, for a money net flow of $38.79 million out of the stock. Of all equities tracked, Dominion Resources had the 0th highest net out-flow for the day. Dominion Resources traded up $0.42 for the day and closed at $76.94
D has been the topic of several recent research reports. Zacks Investment Research upgraded Dominion Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, April 12th. Deutsche Bank AG restated a “hold” rating and set a $72.00 price target on shares of Dominion Resources in a research report on Tuesday, April 19th. Vetr upgraded Dominion Resources from a “buy” rating to a “strong-buy” rating and set a $80.44 price target on the stock in a research report on Wednesday, April 20th. Bank of America Corp. restated a “buy” rating on shares of Dominion Resources in a research report on Tuesday, May 24th. Finally, Canaccord Genuity restated a “hold” rating on shares of Dominion Resources in a research report on Monday, June 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $76.94.
The stock has a market cap of $47.41 billion and a P/E ratio of 24.26. The firm’s 50 day moving average is $76.28 and its 200-day moving average is $72.63.
Dominion Resources (NYSE:D) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. During the same period in the previous year, the company earned $0.99 EPS. Equities research analysts predict that Dominion Resources Inc. will post $3.78 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.64%.
A number of large investors recently modified their holdings of the stock. Wells Fargo & Company MN increased its stake in shares of Dominion Resources by 5.3% in the fourth quarter. Wells Fargo & Company MN now owns 3,218,413 shares of the company’s stock worth $217,694,000 after buying an additional 160,910 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Dominion Resources by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 867,319 shares of the company’s stock worth $58,675,000 after buying an additional 58,715 shares during the period. Principal Financial Group Inc. increased its stake in shares of Dominion Resources by 2.2% in the fourth quarter. Principal Financial Group Inc. now owns 778,554 shares of the company’s stock worth $52,661,000 after buying an additional 16,790 shares during the period. Cortland Advisers LLC increased its stake in shares of Dominion Resources by 100.0% in the fourth quarter. Cortland Advisers LLC now owns 600,000 shares of the company’s stock worth $40,584,000 after buying an additional 300,000 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Dominion Resources by 34.6% in the fourth quarter. Bank of Montreal Can now owns 357,618 shares of the company’s stock worth $24,190,000 after buying an additional 91,928 shares during the period.
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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