North Star Investment Management Corp. maintained its position in shares of Dominion Resources Inc. (NYSE:D) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,248 shares of the company’s stock at the end of the third quarter. North Star Investment Management Corp.’s holdings in Dominion Resources were worth $241,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in D. Kistler Tiffany Companies LLC boosted 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 worth $201,000 after buying an additional 12 shares in the last quarter. Segment Wealth Management LLC boosted its stake 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 worth $313,000 after buying an additional 19 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake 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 worth $165,000 after buying an additional 20 shares in the last quarter. Gamble Jones Investment Counsel boosted its stake 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 worth $291,000 after buying an additional 21 shares in the last quarter. Finally, Blue Chip Partners Inc. boosted its stake 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 worth $541,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.
Dominion Resources Inc. (NYSE:D) traded up 1.48% during trading on Friday, reaching $73.95. 1,392,659 shares of the company’s stock traded hands. The company’s 50 day moving average is $72.86 and its 200-day moving average is $74.37. The stock has a market cap of $46.35 billion, a price-to-earnings 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.
Dominion Resources (NYSE:D) last posted its quarterly earnings data on Monday, October 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. The business earned $3.13 billion during the quarter, compared to the consensus estimate of $3.28 billion. Dominion Resources had a return on equity of 14.48% and a net margin of 18.05%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 earnings per share. On average, analysts anticipate that Dominion Resources Inc. will post $3.80 earnings per share for the current fiscal 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 issued a $0.70 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $2.80 dividend on an annualized basis and a yield of 3.79%. Dominion Resources’s dividend payout ratio (DPR) is 84.59%.
A number of brokerages have commented on D. Deutsche Bank AG reiterated a “hold” rating and issued a $73.00 price target on shares of Dominion Resources in a research note on Thursday, August 25th. Citigroup Inc. cut their price target on shares of Dominion Resources from $78.00 to $74.00 and set a “neutral” rating for the company in a research note on Tuesday, October 4th. Barclays PLC increased their price target on shares of Dominion Resources from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, September 26th. Canaccord Genuity reiterated a “hold” rating on shares of Dominion Resources in a research note on Friday, August 12th. Finally, Morgan Stanley cut shares of Dominion Resources from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $82.00 to $79.00 in a research note on Monday, August 8th. They noted that the move was a valuation call. One equities 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. The company presently has a consensus rating of “Hold” and an average target price of $75.38.
In other news, Director Ron W. Jibson acquired 3,500 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was acquired at an average price of $70.98 per share, for a total transaction of $248,430.00. Following the completion of the acquisition, the director now owns 1,142 shares in the company, valued at $81,059.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is owned by company 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.