Burnham Asset Management Corp Ny Lowers stake in Dominion Resources (D)

Dominion Resources (D) : Burnham Asset Management Corp Ny reduced its stake in Dominion Resources by 2.19% during the most recent quarter end. The investment management company now holds a total of 56,051 shares of Dominion Resources which is valued at $4 Million after selling 1,255 shares in Dominion Resources , the firm said in a disclosure report filed with the SEC on May 13, 2016.Dominion Resources makes up approximately 1.28% of Burnham Asset Management Corp Ny’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp reduced its stake in D by selling 20,299 shares or 29.57% in the most recent quarter. The Hedge Fund company now holds 48,340 shares of D which is valued at $3.5 Million. Dominion Resources makes up approx 0.01% of Susquehanna International Group Llp’s portfolio. Novare Capital Management added D to its portfolio by purchasing 2,746 company shares during the most recent quarter which is valued at $197,959. Dominion Resources makes up approx 0.06% of Novare Capital Management’s portfolio.

Dominion Resources opened for trading at $70.62 and hit $71.04 on the upside on Wednesday, eventually ending the session at $70.94, with a gain of 0.23% or 0.16 points. The heightened volatility saw the trading volume jump to 20,55,012 shares. Company has a market cap of $43,715 M.

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.

Investors should note that on May 11, 2016, Dominion Resources announced a cash dividend of $0.7000. The company’s management has announced Jun 1, 2016 as the ex-dividend date and fixed the record date on Jun 3, 2016. The payable date has been fixed on Jun 20, 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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