Investment House LLC raised its stake in shares of Dominion Resources Inc. (NYSE:D) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,498 shares of the company’s stock after buying an additional 48 shares during the period. Investment House LLC’s holdings in Dominion Resources were worth $428,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in D. Tompkins Financial Corp increased its position in shares of Dominion Resources by 635.3% in the first quarter. Tompkins Financial Corp now owns 27,690 shares of the company’s stock valued at $2,080,000 after buying an additional 23,924 shares during the last quarter. City Holding Co. increased its position in shares of Dominion Resources by 3.3% in the first quarter. City Holding Co. now owns 21,969 shares of the company’s stock valued at $1,650,000 after buying an additional 700 shares during the last quarter. Carroll Financial Associates Inc. increased its position in shares of Dominion Resources by 2.1% in the first quarter. Carroll Financial Associates Inc. now owns 5,640 shares of the company’s stock valued at $423,000 after buying an additional 116 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Dominion Resources by 11.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,781 shares of the company’s stock valued at $1,703,000 after buying an additional 2,297 shares during the last quarter. Finally, Oliver Luxxe Assets LLC increased its position in shares of Dominion Resources by 3.6% in the first quarter. Oliver Luxxe Assets LLC now owns 26,307 shares of the company’s stock valued at $1,976,000 after buying an additional 903 shares during the last quarter. 63.21% of the stock is currently owned by institutional investors.

Dominion Resources Inc. (NYSE:D) traded up 0.38% during midday trading on Thursday, reaching $77.04. 2,083,062 shares of the company were exchanged. The firm’s 50-day moving average is $75.28 and its 200-day moving average is $74.16. Dominion Resources Inc. has a one year low of $64.54 and a one year high of $78.97. The firm has a market cap of $48.21 billion, a P/E ratio of 24.02 and a beta of 0.14.

Dominion Resources (NYSE:D) last released its earnings results on Wednesday, August 3rd. The company reported $0.71 earnings per share for the quarter, hitting the consensus estimate of $0.71. The business had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.99 billion. Dominion Resources had a net margin of 17.44% and a return on equity of 14.48%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share. On average, equities analysts expect 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. Investors of record on Friday, September 2nd were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Wednesday, August 31st. Dominion Resources’s dividend payout ratio is currently 87.23%.

Several brokerages recently issued reports on D. Zacks Investment Research downgraded shares of Dominion Resources from a “hold” rating to a “sell” rating in a research note on Friday, July 22nd. Morgan Stanley downgraded shares of 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. Canaccord Genuity reaffirmed a “hold” rating on shares of Dominion Resources in a research note 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. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $77.00 price target on shares of Dominion Resources in a research note on Wednesday, June 22nd. One equities 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 company. The company has an average rating of “Hold” and an average price target of $77.22.

About Dominion Resources

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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