Main Street Research buys $10.7 Million stake in Dominion Resources (D)

Dominion Resources (D) : Main Street Research scooped up 2,720 additional shares in Dominion Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 148,828 shares of Dominion Resources which is valued at $10.7 Million.Dominion Resources makes up approximately 2.76% of Main Street Research’s portfolio.

Other Hedge Funds, Including , Mizuho Asset Managementltd. reduced its stake in D by selling 3,530 shares or 48.7% in the most recent quarter. The Hedge Fund company now holds 3,718 shares of D which is valued at $268,031. Dominion Resources makes up approx 0.07% of Mizuho Asset Managementltd.’s portfolio.Capwealth Advisors boosted its stake in D in the latest quarter, The investment management firm added 106 additional shares and now holds a total of 705 shares of Dominion Resources which is valued at $50,823. Dominion Resources makes up approx 0.01% of Capwealth Advisors’s portfolio.New York State Common Retirement Fund reduced its stake in D by selling 29,100 shares or 1.86% in the most recent quarter. The Hedge Fund company now holds 1,534,300 shares of D which is valued at $109.3 Million. Dominion Resources makes up approx 0.17% of New York State Common Retirement Fund’s portfolio.Cambridge Investment Research Advisors reduced its stake in D by selling 2,539 shares or 3.24% in the most recent quarter. The Hedge Fund company now holds 75,871 shares of D which is valued at $5.4 Million. Dominion Resources makes up approx 0.12% of Cambridge Investment Research Advisors’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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