Carroll Financial Associates Inc. decreased its position in shares of Dominion Resources Inc. (NYSE:D) by 0.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 5,838 shares of the company’s stock after selling 2 shares during the period. Carroll Financial Associates Inc.’s holdings in Dominion Resources were worth $433,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Wealthcare Capital Management LLC acquired a new position in shares of Dominion Resources during the second quarter worth $111,000. Advisory Services Network LLC boosted 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 worth $118,000 after buying an additional 191 shares during the period. MCF Advisors LLC boosted its position in shares of Dominion Resources by 26.6% in the second quarter. MCF Advisors LLC now owns 1,516 shares of the company’s stock worth $118,000 after buying an additional 319 shares during the period. Tower Research Capital LLC TRC purchased a new position in Dominion Resources during the second quarter valued at approximately $119,000. Finally, Point72 Asia Hong Kong Ltd purchased a new position in Dominion Resources during the second quarter valued at approximately $125,000. Institutional investors and hedge funds own 64.25% of the company’s stock.
Dominion Resources Inc. (NYSE:D) traded up 1.48% during mid-day trading on Friday, reaching $73.95. 1,392,659 shares of the company traded hands. The stock has a market capitalization of $46.35 billion, a PE ratio of 22.29 and a beta of 0.22. Dominion Resources Inc. has a 52-week low of $64.54 and a 52-week high of $78.97. The firm’s 50-day moving average is $72.86 and its 200 day moving average is $74.37.
Dominion Resources (NYSE:D) last issued its quarterly earnings data on Monday, October 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.02. Dominion Resources had a net margin of 18.05% and a return on equity of 14.48%. The company earned $3.13 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the company earned $1.03 earnings per share. Dominion Resources’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts expect that Dominion Resources Inc. will post $3.80 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Friday, December 2nd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Wednesday, November 30th. Dominion Resources’s dividend payout ratio (DPR) is 84.59%.
Several research analysts have commented on D shares. Morgan Stanley cut shares of Dominion Resources from an “overweight” rating to an “equal weight” rating and lowered their price target 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. Deutsche Bank AG reiterated a “hold” rating and set a $73.00 price target on shares of Dominion Resources in a report on Thursday, August 25th. Canaccord Genuity reiterated a “hold” rating on shares of Dominion Resources in a report on Friday, August 12th. Citigroup Inc. lowered their price target on shares of Dominion Resources from $78.00 to $74.00 and set a “neutral” rating for the company in a report on Tuesday, October 4th. Finally, Barclays PLC boosted their price target on shares of Dominion Resources from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, September 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. Dominion Resources currently has an average rating of “Hold” and an average target price of $75.38.
In other news, Director Ron W. Jibson acquired 3,500 shares of the stock in a transaction on Thursday, November 10th. The stock was bought 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 directly owns 1,142 shares of the company’s stock, valued at $81,059.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.37% of the stock is currently owned by company insiders.
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.