Baker Ellis Asset Management LLC Has $723,000 Position in Dominion Resources Inc. (D)
Baker Ellis Asset Management LLC continued to hold its position in shares of Dominion Resources Inc. (NYSE:D) during the second quarter, Holdings Channel reports. The firm owned 9,277 shares of the company’s stock at the end of the second quarter. Baker Ellis Asset Management LLC’s holdings in Dominion Resources were worth $723,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of D. Virginia Retirement System bought a new stake in shares of Dominion Resources during the first quarter worth $725,000. Ngam Advisors L.P. raised its stake in shares of Dominion Resources by 5.7% in the first quarter. Ngam Advisors L.P. now owns 67,314 shares of the company’s stock worth $5,057,000 after buying an additional 3,611 shares during the period. Teachers Advisors Inc. raised its stake in shares of Dominion Resources by 2.6% in the first quarter. Teachers Advisors Inc. now owns 634,746 shares of the company’s stock worth $47,682,000 after buying an additional 16,016 shares during the period. Rehmann Capital Advisory Group bought a new stake in shares of Dominion Resources during the first quarter worth $205,000. Finally, Allegis Investment Advisors LLC raised its stake in shares of Dominion Resources by 26.0% in the first quarter. Allegis Investment Advisors LLC now owns 13,531 shares of the company’s stock worth $1,016,000 after buying an additional 2,792 shares during the period. 63.21% of the stock is currently owned by institutional investors and hedge funds.
Dominion Resources Inc. (NYSE:D) traded up 0.04% during trading on Thursday, hitting $71.91. 2,105,780 shares of the company were exchanged. The company has a market capitalization of $45.00 billion, a price-to-earnings ratio of 22.42 and a beta of 0.20. Dominion Resources Inc. has a 12 month low of $64.54 and a 12 month high of $78.97. The company has a 50-day moving average of $75.11 and a 200-day moving average of $74.31.
Dominion Resources (NYSE:D) last announced its earnings results on Wednesday, August 3rd. The company reported $0.71 earnings per share for the quarter, meeting the consensus estimate of $0.71. The business earned $2.60 billion during 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 business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. Analysts forecast that Dominion Resources Inc. will post $3.79 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd were paid a $0.70 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $2.80 annualized dividend and a dividend yield of 3.89%. Dominion Resources’s dividend payout ratio (DPR) is presently 87.23%.
D has been the topic of several recent research reports. JPMorgan Chase & Co. lowered shares of Dominion Resources from an “overweight” rating to a “neutral” rating and upped their price target for the company from $76.00 to $81.00 in a report on Thursday, June 16th. They noted that the move was a valuation call. BMO Capital Markets reissued a “hold” rating and set a $77.00 target price on shares of Dominion Resources in a research note on Wednesday, June 22nd. Zacks Investment Research lowered shares of Dominion Resources from a “hold” rating to a “sell” rating in a research note on Friday, July 22nd. Morgan Stanley lowered shares of Dominion Resources from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $82.00 to $79.00 in a research note on Monday, August 8th. They noted that the move was a valuation call. Finally, Canaccord Genuity reissued a “hold” rating on shares of Dominion Resources in a research note on Friday, August 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $76.77.
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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