Dominion Resources Inc. (D) Sees Unusually-High Trading Volume
Dominion Resources Inc. (NYSE:D) saw unusually-high trading volume on Tuesday . Approximately 4,665,427 shares changed hands during mid-day trading, an increase of 95% from the previous session’s volume of 2,390,687 shares.The stock last traded at $74.43 and had previously closed at $74.99.
Several brokerages have issued reports on D. Zacks Investment Research upgraded Dominion Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, April 12th. Deutsche Bank AG restated a “hold” rating and set a $72.00 price objective on shares of Dominion Resources in a research note on Tuesday, April 19th. Vetr upgraded Dominion Resources from a “buy” rating to a “strong-buy” rating and set a $80.44 price objective on the stock in a research note on Wednesday, April 20th. Bank of America Corp. restated a “buy” rating on shares of Dominion Resources in a research note on Tuesday, May 24th. Finally, Canaccord Genuity restated a “hold” rating on shares of Dominion Resources in a research note on Monday, June 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Dominion Resources currently has an average rating of “Hold” and an average price target of $77.13.
The company’s 50 day moving average is $76.88 and its 200-day moving average is $73.07. The firm has a market cap of $46.76 billion and a PE ratio of 23.30.
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 firm earned $2.60 billion during the quarter, compared to the consensus estimate of $2.99 billion. The business’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. On average, equities analysts anticipate that Dominion Resources Inc. will post $3.79 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Wednesday, August 31st.
Several hedge funds and institutional investors have recently bought and sold shares of D. Girard Partners LTD. boosted its position in Dominion Resources by 11.4% in the fourth quarter. Girard Partners LTD. now owns 19,441 shares of the company’s stock worth $1,315,000 after buying an additional 1,982 shares during the period. Venturi Wealth Management LLC purchased a new position in Dominion Resources during the fourth quarter worth about $1,598,000. Alpine Woods Capital Investors LLC boosted its position in Dominion Resources by 13.7% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 44,700 shares of the company’s stock worth $3,024,000 after buying an additional 5,400 shares during the period. Victory Capital Management Inc. boosted its position in Dominion Resources by 45.8% in the fourth quarter. Victory Capital Management Inc. now owns 45,217 shares of the company’s stock worth $3,058,000 after buying an additional 14,203 shares during the period. Finally, Veritable L.P. boosted its position in Dominion Resources by 0.4% in the fourth quarter. Veritable L.P. now owns 57,674 shares of the company’s stock worth $3,901,000 after buying an additional 246 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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