Dominion Resources Inc. (D) Position Boosted by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC raised its position in shares of Dominion Resources Inc. (NYSE:D) by 18.0% during the third quarter, Holdings Channel reports. The fund owned 117,810 shares of the company’s stock after buying an additional 17,975 shares during the period. Nisa Investment Advisors LLC’s holdings in Dominion Resources were worth $8,750,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Exxonmobil Investment Management Inc. TX raised its stake in shares of Dominion Resources by 9.8% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 159,508 shares of the company’s stock valued at $12,430,000 after buying an additional 14,295 shares in the last quarter. CHICAGO TRUST Co NA raised its stake in shares of Dominion Resources by 5.8% in the second quarter. CHICAGO TRUST Co NA now owns 5,457 shares of the company’s stock valued at $425,000 after buying an additional 300 shares in the last quarter. DNB Asset Management AS raised its stake in shares of Dominion Resources by 13.9% in the second quarter. DNB Asset Management AS now owns 60,461 shares of the company’s stock valued at $4,712,000 after buying an additional 7,400 shares in the last quarter. NEXT Financial Group Inc raised its stake in shares of Dominion Resources by 43.5% in the second quarter. NEXT Financial Group Inc now owns 4,323 shares of the company’s stock valued at $336,000 after buying an additional 1,310 shares in the last quarter. Finally, Park National Corp OH raised its stake in shares of Dominion Resources by 1.2% in the second quarter. Park National Corp OH now owns 31,511 shares of the company’s stock valued at $2,456,000 after buying an additional 359 shares in the last quarter. Institutional investors own 64.73% of the company’s stock.
Shares of Dominion Resources Inc. (NYSE:D) traded up 0.84% during midday trading on Tuesday, hitting $75.80. The stock had a trading volume of 1,408,370 shares. The firm has a market capitalization of $47.51 billion, a PE ratio of 22.85 and a beta of 0.22. Dominion Resources Inc. has a 1-year low of $64.54 and a 1-year high of $78.97. The company’s 50 day moving average price is $72.97 and its 200-day moving average price is $74.43.
Dominion Resources (NYSE:D) last posted its quarterly earnings data on Monday, October 31st. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.12 by $0.02. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations 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 was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. Equities analysts predict 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. Investors of record on Friday, December 2nd will be given a $0.70 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $2.80 annualized dividend and a yield of 3.72%. Dominion Resources’s dividend payout ratio is currently 84.59%.
Several analysts recently issued reports on D shares. Morgan Stanley lowered Dominion Resources from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $82.00 to $79.00 in a report on Monday, August 8th. They noted that the move was a valuation call. Canaccord Genuity reiterated a “hold” rating on shares of Dominion Resources in a report on Friday, August 12th. Deutsche Bank AG reiterated a “hold” rating and set a $73.00 price objective on shares of Dominion Resources in a report on Thursday, August 25th. Barclays PLC increased their target price 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. Finally, Citigroup Inc. lowered their target price on shares of Dominion Resources from $78.00 to $74.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $77.56.
In related news, Director Ron W. Jibson acquired 3,500 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were acquired at an average cost of $70.98 per share, with a total value of $248,430.00. Following the transaction, the director now owns 1,142 shares of the company’s stock, valued at approximately $81,059.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is currently owned by corporate insiders.
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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