Pennsylvania Trust Co Lowers stake in Dominion Resources (D)

Dominion Resources (D) : Pennsylvania Trust Co reduced its stake in Dominion Resources by 0.39% during the most recent quarter end. The investment management company now holds a total of 141,288 shares of Dominion Resources which is valued at $10.2 Million after selling 554 shares in Dominion Resources , the firm said in a disclosure report filed with the SEC on May 13, 2016.Dominion Resources makes up approximately 0.87% of Pennsylvania Trust Co’s portfolio.

Other Hedge Funds, Including , Schnieders Capital Management added D to its portfolio by purchasing 5,165 company shares during the most recent quarter which is valued at $372,345. Dominion Resources makes up approx 0.22% of Schnieders Capital Management’s portfolio.Lipe Dalton reduced its stake in D by selling 190 shares or 5.34% in the most recent quarter. The Hedge Fund company now holds 3,366 shares of D which is valued at $242,655. Dominion Resources makes up approx 0.19% of Lipe Dalton’s portfolio.Cibc Asset Management Inc reduced its stake in D by selling 812 shares or 0.8% in the most recent quarter. The Hedge Fund company now holds 100,399 shares of D which is valued at $7.2 Million. Dominion Resources makes up approx 0.05% of Cibc Asset Management Inc’s portfolio.Cadence Bank Na boosted its stake in D in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 3,849 shares of Dominion Resources which is valued at $274,318. Dominion Resources makes up approx 0.14% of Cadence Bank Na’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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