Whittier Trust Co. of Nevada Inc. Increases Position in Dominion Resources Inc. (D)
Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Dominion Resources Inc. (NYSE:D) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,915 shares of the company’s stock after buying an additional 150 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Dominion Resources were worth $617,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Advisory Services Network LLC raised its position in shares of Dominion Resources by 14.4% in the second quarter. Advisory Services Network LLC now owns 1,513 shares of the company’s stock valued at $118,000 after buying an additional 191 shares during the last quarter. Cribstone Capital Management LLC bought a new position in shares of Dominion Resources during the second quarter valued at approximately $168,000. Kistler Tiffany Companies LLC raised its position in shares of Dominion Resources by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 2,585 shares of the company’s stock valued at $201,000 after buying an additional 12 shares during the last quarter. Rockland Trust Co. bought a new position in shares of Dominion Resources during the second quarter valued at approximately $202,000. Finally, First Merchants Corp bought a new position in shares of Dominion Resources during the second quarter valued at approximately $204,000. 63.21% of the stock is owned by institutional investors and hedge funds.
Dominion Resources Inc. (NYSE:D) traded down 0.57% during midday trading on Friday, reaching $71.50. 1,882,762 shares of the company were exchanged. Dominion Resources Inc. has a 52-week low of $64.54 and a 52-week high of $78.97. The company has a 50 day moving average of $74.82 and a 200-day moving average of $74.27. The company has a market capitalization of $44.74 billion, a price-to-earnings ratio of 22.29 and a beta of 0.20.
Dominion Resources (NYSE:D) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.71 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.71. Dominion Resources had a return on equity of 14.48% and a net margin of 17.44%. The company earned $2.60 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, equities research analysts anticipate that Dominion Resources Inc. will post $3.79 earnings per share for the current fiscal year.
The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend was Wednesday, August 31st. Dominion Resources’s dividend payout ratio is currently 87.23%.
D has been the subject of several research analyst reports. Citigroup Inc. decreased their price objective on shares of Dominion Resources from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Tuesday, October 4th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $73.00 price objective on shares of Dominion Resources in a research report on Thursday, August 25th. Barclays PLC raised their price target on shares of Dominion Resources from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, September 26th. JPMorgan Chase & Co. lowered shares of Dominion Resources from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $76.00 to $81.00 in a research report on Thursday, June 16th. They noted that the move was a valuation call. Finally, Canaccord Genuity reissued a “hold” rating on shares of Dominion Resources in a research report on Friday, August 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Dominion Resources 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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