Dominion Resources (D) : Wesbanco Bank Inc reduced its stake in Dominion Resources by 1.28% during the most recent quarter end. The investment management company now holds a total of 182,273 shares of Dominion Resources which is valued at $13.1 Million after selling 2,363 shares in Dominion Resources , the firm said in a disclosure report filed with the SEC on May 12, 2016.Dominion Resources makes up approximately 0.79% of Wesbanco Bank Inc’s portfolio.
Other Hedge Funds, Including , Ancora Inverness reduced its stake in D by selling 425 shares or 3.09% in the most recent quarter. The Hedge Fund company now holds 13,333 shares of D which is valued at $961,176. Dominion Resources makes up approx 0.39% of Ancora Inverness’s portfolio. Cipher Capital Lp added D to its portfolio by purchasing 13,421 company shares during the most recent quarter which is valued at $967,520. Dominion Resources makes up approx 0.09% of Cipher Capital Lp’s portfolio. Huntington Asset Advisors added D to its portfolio by purchasing 18,825 company shares during the most recent quarter which is valued at $1.4 Million. Dominion Resources makes up approx 0.89% of Huntington Asset Advisors’s portfolio.River Wealth Advisors boosted its stake in D in the latest quarter, The investment management firm added 257 additional shares and now holds a total of 35,134 shares of Dominion Resources which is valued at $2.5 Million. Dominion Resources makes up approx 1.49% of River Wealth Advisors’s portfolio.World Asset Management Inc reduced its stake in D by selling 5,925 shares or 9.03% in the most recent quarter. The Hedge Fund company now holds 59,707 shares of D which is valued at $4.3 Million. Dominion Resources makes up approx 0.17% of World Asset Management Inc’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 Companys 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. Dominions 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.