Agran Libbie Lowers stake in Dominion Resources (D)

Dominion Resources (D) : Agran Libbie reduced its stake in Dominion Resources by 0.19% during the most recent quarter end. The investment management company now holds a total of 138,150 shares of Dominion Resources which is valued at $9,845,951 after selling 258 shares in Dominion Resources , the firm said in a disclosure report filed with the SEC on May 2, 2016.Dominion Resources makes up approximately 2.53% of Agran Libbie’s portfolio.

Dominion Resources closed down -0.72 points or -1.00% at $71.27 with 23,79,898 shares getting traded on Friday. Post opening the session at $72.11, the shares hit an intraday low of $70.57 and an intraday high of $72.22 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Wedbush Securities Inc boosted its stake in D in the latest quarter, The investment management firm added 18,142 additional shares and now holds a total of 34,379 shares of Dominion Resources which is valued at $2,450,191. Dominion Resources makes up approx 0.44% of Wedbush Securities Inc’s portfolio.Commonwealth Financial Services boosted its stake in D in the latest quarter, The investment management firm added 918 additional shares and now holds a total of 1,631 shares of Dominion Resources which is valued at $116,568. Dominion Resources makes up approx 0.17% of Commonwealth Financial Services’s portfolio.Cape Cod Five Cents Savings Bank reduced its stake in D by selling 1,425 shares or 10.56% in the most recent quarter. The Hedge Fund company now holds 12,072 shares of D which is valued at $862,786. Dominion Resources makes up approx 0.16% of Cape Cod Five Cents Savings Bank’s portfolio.

On the company’s financial health, Dominion Resources reported $0.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.94.Analysts expectations of $ 3450.99.During the same quarter in the previous year, the company posted $0.99 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 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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