25,000 Shares in Dominion Resources Inc. (D) Acquired by Bp Plc
Bp Plc purchased a new position in Dominion Resources Inc. (NYSE:D) during the second quarter, Holdings Channel reports. The firm purchased 25,000 shares of the company’s stock, valued at approximately $1,948,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. 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 acquired a new stake in shares of Dominion Resources during the second quarter valued at about $168,000. Kistler Tiffany Companies LLC increased its stake 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 period. Rockland Trust Co. acquired a new stake in shares of Dominion Resources during the second quarter valued at about $202,000. Finally, First Merchants Corp acquired a new stake in shares of Dominion Resources during the second quarter valued at about $204,000. Institutional investors and hedge funds own 63.19% of the company’s stock.
Dominion Resources Inc. (NYSE:D) traded up 0.07% during midday trading on Monday, hitting $72.83. 1,613,690 shares of the stock traded hands. Dominion Resources Inc. has a 1-year low of $64.54 and a 1-year high of $78.97. The firm has a market cap of $45.57 billion, a P/E ratio of 22.71 and a beta of 0.20. The company has a 50-day moving average price of $74.30 and a 200-day moving average price of $74.24.
Dominion Resources (NYSE:D) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.71 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. The company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Dominion Resources had a net margin of 17.44% and a return on equity of 14.48%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS. Analysts predict that Dominion Resources Inc. will post $3.79 EPS for the current year.
The firm also recently disclosed 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 of this dividend was Wednesday, August 31st. This represents a $2.80 annualized dividend and a dividend yield of 3.84%. Dominion Resources’s dividend payout ratio is currently 87.23%.
Several analysts have issued reports on D shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $77.00 price target on shares of Dominion Resources in a report on Wednesday, June 22nd. Morgan Stanley downgraded shares of Dominion Resources from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $82.00 to $79.00 in a report 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 report on Friday, August 12th. Citigroup Inc. reduced their price target on shares of Dominion Resources from $78.00 to $74.00 and set a “neutral” rating on the stock in a report on Tuesday, October 4th. Finally, Barclays PLC upped their price target on shares of Dominion Resources from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, September 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target 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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