Jolley Asset Management adds Dominion Resources (D) to its portfolio

Dominion Resources (D) : Jolley Asset Management added new position in Dominion Resources during the most recent quarter end. The investment management firm now holds 1,300 shares of Dominion Resources which is valued at $91,078 , the company said in a statement filed on Apr 21, 2016 with the SEC.Dominion Resources makes up approximately 0.08% of Jolley Asset Management’s portfolio.

Dominion Resources opened for trading at $70.14 and hit $71.22 on the upside on Wednesday, eventually ending the session at $70.75, with a gain of 1.22% or 0.85 points. The heightened volatility saw the trading volume jump to 32,44,268 shares. Company has a market cap of $42,197 M.

Other Hedge Funds, Including , Cornerstone Advisors reduced its stake in D by selling 88 shares or 12.88% in the most recent quarter. The Hedge Fund company now holds 595 shares of D which is valued at $41,686. Dominion Resources makes up approx 0.04% of Cornerstone Advisors’s portfolio.Btr Capital Management Inc reduced its stake in D by selling 520 shares or 10.95% in the most recent quarter. The Hedge Fund company now holds 4,230 shares of D which is valued at $309,002. Dominion Resources makes up approx 0.07% of Btr Capital Management Inc’s portfolio.Blue Bell Private Wealth Management boosted its stake in D in the latest quarter, The investment management firm added 1,219 additional shares and now holds a total of 1,719 shares of Dominion Resources which is valued at $125,573. Dominion Resources makes up approx 0.08% of Blue Bell Private Wealth Management’s portfolio.

On the company’s financial health, Dominion Resources reported $0.70 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Feb 1, 2016. Analyst had a consensus of $0.88.Analysts expectations of $ 3728.86.During the same quarter in the previous year, the company posted $0.84 EPS.

Many Wall Street Analysts have commented on Dominion Resources. Company shares were Reiterated by Barclays on Feb 4, 2016 to “Overweight”, Firm has raised the Price Target to $ 80 from a previous price target of $76 .Shares were Reiterated by UBS on Feb 3, 2016 to “Neutral” and Lowered the Price Target to $ 71 from a previous price target of $73 .Dominion Resources was Downgraded by Citigroup to ” Neutral” on Feb 2, 2016.

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 Company’s portfolio of assets includes approximately 24600 megawatt (MW) of generating capacity; 6400 miles of electric transmission lines; 57100 miles of electric distribution lines; 10900 miles of natural gas transmission gathering and storage pipeline and 21900 miles of gas distribution pipeline exclusive of service lines. Dominion’s 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.

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