Donaldson Capital Management buys $22.6 Million stake in Dominion Resources (D)

Dominion Resources (D) : Donaldson Capital Management scooped up 9,632 additional shares in Dominion Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 313,989 shares of Dominion Resources which is valued at $22.6 Million.Dominion Resources makes up approximately 3.31% of Donaldson Capital Management’s portfolio.

Other Hedge Funds, Including , Guardian Life Insurance Co Of America reduced its stake in D by selling 623 shares or 22.05% in the most recent quarter. The Hedge Fund company now holds 2,202 shares of D which is valued at $158,742. Dominion Resources makes up approx 0.03% of Guardian Life Insurance Co Of America’s portfolio.Leisure Capital Management reduced its stake in D by selling 228 shares or 6.39% in the most recent quarter. The Hedge Fund company now holds 3,342 shares of D which is valued at $240,925. Dominion Resources makes up approx 0.24% of Leisure Capital Management’s portfolio.Keybank National Associationoh boosted its stake in D in the latest quarter, The investment management firm added 16,728 additional shares and now holds a total of 320,807 shares of Dominion Resources which is valued at $23.1 Million. Dominion Resources makes up approx 0.15% of Keybank National Associationoh’s portfolio.Klingenstein Fields Co reduced its stake in D by selling 200 shares or 1.48% in the most recent quarter. The Hedge Fund company now holds 13,316 shares of D which is valued at $949,031. Dominion Resources makes up approx 0.05% of Klingenstein Fields Co’s portfolio.

Dominion Resources opened for trading at $71.15 and hit $71.2 on the upside on Friday, eventually ending the session at $70.98, with a gain of 0.14% or 0.1 points. The heightened volatility saw the trading volume jump to 21,55,800 shares. Company has a market cap of $43,739 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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