Dominion Resources (D) : Pensionfund Sabic added new position in Dominion Resources during the most recent quarter end. The investment management firm now holds 28,000 shares of Dominion Resources which is valued at $2 Million according to a report filed by the company on Apr 4, 2016 with the SEC.Dominion Resources makes up approximately 0.62% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including , Pensionfund Dsm Netherlands added D to its portfolio by purchasing 59,000 company shares during the most recent quarter which is valued at $4.3 Million. Dominion Resources makes up approx 0.59% of Pensionfund Dsm Netherlands’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 closed down -0.17 points or -0.23% at $72.87 with 26,27,648 shares getting traded on Monday. Post opening the session at $73.1, the shares hit an intraday low of $72.83 and an intraday high of $73.59 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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 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. 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.