Tdam USA Inc. increased its position in Dominion Resources, Inc. (NYSE:D) by 3.7% during the first quarter, Holdings Channel reports. The fund owned 164,328 shares of the utilities provider’s stock after buying an additional 5,883 shares during the period. Tdam USA Inc.’s holdings in Dominion Resources were worth $12,747,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of D. Tradewinds Capital Management LLC raised its position in Dominion Resources by 1.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock valued at $101,000 after buying an additional 13 shares in the last quarter. Enterprise Financial Services Corp raised its position in Dominion Resources by 62.6% in the first quarter. Enterprise Financial Services Corp now owns 1,376 shares of the utilities provider’s stock valued at $107,000 after buying an additional 530 shares in the last quarter. Clean Yield Group acquired a new position in Dominion Resources during the first quarter valued at approximately $117,000. Bollard Group LLC raised its position in Dominion Resources by 0.9% in the first quarter. Bollard Group LLC now owns 1,516 shares of the utilities provider’s stock valued at $118,000 after buying an additional 13 shares in the last quarter. Finally, Hudock Capital Group LLC raised its position in Dominion Resources by 0.3% in the first quarter. Hudock Capital Group LLC now owns 2,146 shares of the utilities provider’s stock valued at $166,000 after buying an additional 6 shares in the last quarter. 66.71% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Dominion Resources, Inc. (D) opened at 80.71 on Friday. Dominion Resources, Inc. has a 12 month low of $69.51 and a 12 month high of $81.65. The stock has a market cap of $50.77 billion, a PE ratio of 22.60 and a beta of 0.29. The firm’s 50-day moving average is $79.11 and its 200 day moving average is $76.72.
Dominion Resources (NYSE:D) last announced its quarterly earnings results on Thursday, May 4th. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.01. Dominion Resources had a net margin of 18.29% and a return on equity of 14.53%. The company had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter in the previous year, the business posted $0.96 earnings per share. Dominion Resources’s quarterly revenue was up 15.9% on a year-over-year basis. On average, equities analysts predict that Dominion Resources, Inc. will post $3.65 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Friday, June 2nd will be given a $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Wednesday, May 31st. This is a boost from Dominion Resources’s previous quarterly dividend of $0.76. Dominion Resources’s payout ratio is currently 84.59%.
Several equities analysts recently commented on D shares. Zacks Investment Research lowered shares of Dominion Resources from a “hold” rating to a “sell” rating in a report on Tuesday, March 21st. Deutsche Bank AG increased their target price on shares of Dominion Resources from $74.00 to $76.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Barclays PLC reaffirmed an “overweight” rating and set a $89.00 target price (up previously from $80.00) on shares of Dominion Resources in a report on Sunday, April 23rd. Tudor Pickering lowered shares of Dominion Resources from a “buy” rating to a “hold” rating in a report on Monday, April 3rd. Finally, Royal Bank Of Canada set a $77.00 target price on shares of Dominion Resources and gave the company a “hold” rating in a report on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $80.00.
About Dominion Resources
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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