Dominion Resources (NYSE:D) has climbed 1.05% in the past week and advanced 4.42% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.26% and the outperformance has advanced to 3.47% for the last 4 weeks period.
Dominion Resources (NYSE:D): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.84 and $73.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $74.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $74.12, notching a gain of 0.31% for the day. The total traded volume was 7,977,950 . The stock had closed at $73.89 on the previous day.
The company shares have rallied 8.58% from its 1 Year high price. On Aug 20, 2015, the shares registered one year high at $76.59 and the one year low was seen on Dec 11, 2015. The 50-Day Moving Average price is $72.08 and the 200 Day Moving Average price is recorded at $70.67.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Blue Robert M, officer (Senior Vice President) of Dominion Resources Inc /Va/, had unloaded 3,088 shares at an average price of $70.13 in a transaction dated on February 5, 2016. The total value of the transaction was worth $216,561.
Many analysts have stated their opinion on the company shares. Equity Analysts at the JP Morgan downgrades the rating on Dominion Resources (NYSE:D). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Overweight. The Analysts at the ratings agency raises the price target from $76 per share to $81 per share. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 0.37% of Dominion Resources shares according to the proxy statements. Institutional Investors own 63.01% of Dominion Resources shares. During last six month period, the net percent change held by insiders has seen a change of -7.6%.
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 24,600 megawatt (MW) of generating capacity; 6,400 miles of electric transmission lines; 57,100 miles of electric distribution lines; 10,900 miles of natural gas transmission, gathering and storage pipeline, and 21,900 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.