BNP Paribas Arbitrage SA reduced its position in shares of Dominion Resources Inc. (NYSE:D) by 53.0% during the third quarter, Holdings Channel reports. The fund owned 46,627 shares of the company’s stock after selling 52,624 shares during the period. BNP Paribas Arbitrage SA’s holdings in Dominion Resources were worth $3,463,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of D. Kistler Tiffany Companies LLC boosted 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. Segment Wealth Management LLC boosted its position in shares of Dominion Resources by 0.5% in the second quarter. Segment Wealth Management LLC now owns 4,019 shares of the company’s stock valued at $313,000 after buying an additional 19 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in shares of Dominion Resources by 1.0% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,115 shares of the company’s stock valued at $165,000 after buying an additional 20 shares during the last quarter. Gamble Jones Investment Counsel boosted its position in shares of Dominion Resources by 0.6% in the second quarter. Gamble Jones Investment Counsel now owns 3,735 shares of the company’s stock valued at $291,000 after buying an additional 21 shares during the last quarter. Finally, Blue Chip Partners Inc. boosted its position in shares of Dominion Resources by 0.3% in the second quarter. Blue Chip Partners Inc. now owns 6,944 shares of the company’s stock valued at $541,000 after buying an additional 22 shares during the last quarter. 64.73% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Dominion Resources (NYSE:D)

Shares of Dominion Resources Inc. (NYSE:D) traded up 1.25% during midday trading on Tuesday, hitting $76.11. 3,376,858 shares of the company’s stock traded hands. Dominion Resources Inc. has a 1-year low of $64.54 and a 1-year high of $78.97. The company has a 50 day moving average price of $72.97 and a 200 day moving average price of $74.43. The firm has a market capitalization of $47.70 billion, a price-to-earnings ratio of 22.94 and a beta of 0.22.

Dominion Resources (NYSE:D) last announced its quarterly earnings data on Monday, October 31st. The company reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. The business earned $3.13 billion during the quarter, compared to analyst estimates of $3.28 billion. Dominion Resources had a net margin of 18.05% and a return on equity of 14.48%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 earnings per share. Equities analysts anticipate that Dominion Resources Inc. will post $3.80 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Friday, December 2nd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Wednesday, November 30th. Dominion Resources’s dividend payout ratio is currently 84.59%.

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Several equities analysts have recently commented on the stock. Barclays PLC increased 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. Deutsche Bank AG reaffirmed a “hold” rating and set a $73.00 price target on shares of Dominion Resources in a research report on Thursday, August 25th. Canaccord Genuity reaffirmed a “hold” rating on shares of Dominion Resources in a research report on Friday, August 12th. Morgan Stanley lowered shares of Dominion Resources from an “overweight” rating to an “equal weight” rating and dropped their price objective 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, Citigroup Inc. dropped their price objective on shares of Dominion Resources from $78.00 to $74.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Dominion Resources has an average rating of “Hold” and a consensus price target of $77.56.

In related news, Director Ron W. Jibson acquired 3,500 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was acquired at an average price of $70.98 per share, with a total value of $248,430.00. Following the completion of the transaction, the director now owns 1,142 shares of the company’s stock, valued at $81,059.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.37% of the company’s stock.

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.

5 Day Chart for NYSE:D

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