Kanawha Capital Management buys $11,234,226 stake in Dominion Resources (D)

Dominion Resources (D) : Kanawha Capital Management scooped up 5,389 additional shares in Dominion Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 157,188 shares of Dominion Resources which is valued at $11,234,226.Dominion Resources makes up approximately 1.92% of Kanawha Capital Management’s portfolio.

Dominion Resources opened for trading at $71.7 and hit $72.475 on the upside on Monday, eventually ending the session at $72.1, with a gain of 0.88% or 0.63 points. The heightened volatility saw the trading volume jump to 30,25,241 shares. Company has a market cap of $43,002 M.

Other Hedge Funds, Including , Family Capital Trust Co reduced its stake in D by selling 910 shares or 25.21% in the most recent quarter. The Hedge Fund company now holds 2,700 shares of D which is valued at $189,162. Dominion Resources makes up approx 0.11% of Family Capital Trust Co’s portfolio. Neville Rodie Shaw Inc added D to its portfolio by purchasing 3,756 company shares during the most recent quarter which is valued at $274,376. Dominion Resources makes up approx 0.03% of Neville Rodie Shaw Inc’s portfolio.Beese Fulmer Investment Management boosted its stake in D in the latest quarter, The investment management firm added 425 additional shares and now holds a total of 47,252 shares of Dominion Resources which is valued at $3,451,759. Dominion Resources makes up approx 0.99% of Beese Fulmer Investment Management’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 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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