Large Outflow of Money Witnessed in Dominion Resources

Dominion Resources (NYSE:D) jumped 0.04 points or 0.05% on strong buying and was last priced at $73.39 per share. The shares saw huge fund flow intraday; a massive $23.87 million made their way in through the upticks but an even bigger $71.4 million made their way out through downticks. As per the last observation, the net money flow stood at $(-47.53) million and the up/down ratio was found to be 0.33. The shares have seen a weekly value change of 0.58% .A block trade was recorded in the company shares with a net money flow of $(-41.57) million. The composite value of the funds in upticks was $1.61 million and the total value of funds in downticks was $43.19. As can be seen from the data, the block transaction had the up/down ratio of 0.04.


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%. On the companys insider trading activities, The officer (Senior Vice President), of Dominion Resources Inc /Va/, Blue Robert M had unloaded 3,088 shares at $70.13 per share in a transaction on February 5, 2016. The total value of transaction was $216,561. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Dominion Resources (NYSE:D) : On Monday heightened volatility was witnessed in Dominion Resources (NYSE:D) which led to swings in the share price. The stock opened for trading at $73.5 and hit $73.96 on the upside , eventually ending the session at $73.39, with a gain of 0.05% or 0.04 points. The heightened volatility saw the trading volume jump to 3,182,936 shares. The 52-week high of the share price is $76.59 and the company has a market cap of $45,224 million. The 52-week low of the share price is at $64.54 .

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Barclays maintains its outlook on Dominion Resources (NYSE:D). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm raises the price target from $80 per share to $85 per share. The rating by the firm was issued on March 18, 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 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.