Dominion Resources (D) has risen sharply, recording gains of 4.6% in the past 4 weeks. However, the stock has corrected -0.84% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.22% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 1.63% and the 50-Day Moving Average is 5.57%.
Dominion Resources (NYSE:D): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.30 and $77.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.53, notching a gain of 0.51% for the day. The total traded volume was 1,925,991 . The stock had closed at $77.14 on the previous day.
The company Insiders own 0.37% of Dominion Resources shares according to the proxy statements. Institutional Investors own 62.78% of Dominion Resources shares. During last six month period, the net percent change held by insiders has seen a change of -7.6%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Vice President) of Dominion Resources Inc /Va/, Blue Robert M had sold 3,088 shares worth of $216,561 in a transaction dated February 5, 2016. In this transaction, 3,088 shares were sold at $70.13 per share.
Dominion Resources, Inc. (Dominion) 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 in three segments: Dominion Virginia Power (DVP), Dominion Generation and Dominion Energy. As of December 31, 2014, the Companys portfolio of assets includes approximately 24,600 megawatt (MW) of generating capacity; 6,400 miles of electric transmission lines; 57,100 miles of electric distribution lines; 10,900 miles of natural gas transmission, gathering and storage pipeline, and 21,900 miles of gas distribution pipeline, exclusive of service lines. Dominions operations are conducted through various subsidiaries, including Virginia Power and Dominion Gas. The Company also operates one of the underground natural gas storage systems, with approximately 947 billion cubic feet (bcf) of storage capacity.