Today, Dominion Resources Inc. (D) Position Decreased by Carroll Financial Associates Inc.

Today, Dominion Resources Inc. (D) Position Decreased by Carroll Financial Associates Inc.
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.

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