Coconut Grove Bank Lowers stake in Dominion Resources (D)

Dominion Resources (D) : Coconut Grove Bank reduced its stake in Dominion Resources by 9.93% during the most recent quarter end. The investment management company now holds a total of 14,691 shares of Dominion Resources which is valued at $1.1 Million after selling 1,620 shares in Dominion Resources , the firm said in a disclosure report filed with the SEC on May 11, 2016.Dominion Resources makes up approximately 0.96% of Coconut Grove Bank’s portfolio.

Other Hedge Funds, Including , Norinchukin Bank The boosted its stake in D in the latest quarter, The investment management firm added 2,794 additional shares and now holds a total of 63,408 shares of Dominion Resources which is valued at $4.6 Million. Dominion Resources makes up approx 0.11% of Norinchukin Bank The’s portfolio.Schroder Investment Management Group boosted its stake in D in the latest quarter, The investment management firm added 6,093 additional shares and now holds a total of 14,159 shares of Dominion Resources which is valued at $1 Million.Bartlett reduced its stake in D by selling 50 shares or 2.05% in the most recent quarter. The Hedge Fund company now holds 2,391 shares of D which is valued at $170,407. Dominion Resources makes up approx 0.01% of Bartlett’s portfolio. New Jersey Better Educational Savings Trust added D to its portfolio by purchasing 8,000 company shares during the most recent quarter which is valued at $571,760. Dominion Resources makes up approx 0.39% of New Jersey Better Educational Savings Trust’s portfolio.Vnbtrust National Association reduced its stake in D by selling 15 shares or 0.39% in the most recent quarter. The Hedge Fund company now holds 3,863 shares of D which is valued at $276,089. Dominion Resources makes up approx 0.16% of Vnbtrust National Association’s portfolio.

Dominion Resources opened for trading at $72.01 and hit $72.35 on the upside on Monday, eventually ending the session at $72.22, with a gain of 0.18% or 0.13 points. The heightened volatility saw the trading volume jump to 15,13,719 shares. Company has a market cap of $44,503 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.

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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