First United Bank Trust buys $1,908,165 stake in Dominion Resources (D)

Dominion Resources (D) : First United Bank Trust scooped up 2,197 additional shares in Dominion Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 13, 2016. The investment management firm now holds a total of 24,536 shares of Dominion Resources which is valued at $1,908,165.Dominion Resources makes up approximately 1.61% of First United Bank Trust’s portfolio.

Other Hedge Funds, Including , Douglass Winthrop Advisors boosted its stake in D in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 7,225 shares of Dominion Resources which is valued at $561,888. Dominion Resources makes up approx 0.04% of Douglass Winthrop Advisors’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in D in the latest quarter, The investment management firm added 825 additional shares and now holds a total of 4,725 shares of Dominion Resources which is valued at $367,463. Dominion Resources makes up approx 0.07% of Franklin Street Advisors Inc Nc’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in D in the latest quarter, The investment management firm added 14,295 additional shares and now holds a total of 159,508 shares of Dominion Resources which is valued at $12,471,931. Dominion Resources makes up approx 0.26% of Exxonmobil Investment Management Inc Tx’s portfolio.Daiwa Sb Investments Ltd. boosted its stake in D in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 640 shares of Dominion Resources which is valued at $50,042. Dominion Resources makes up approx 0.01% of Daiwa Sb Investments Ltd.’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in D by selling 30,854 shares or 23.71% in the most recent quarter. The Hedge Fund company now holds 99,251 shares of D which is valued at $7,760,436. Dominion Resources makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio.

Dominion Resources opened for trading at $77.66 and hit $78.06 on the upside on Monday, eventually ending the session at $77.82, with a gain of 0.37% or 0.29 points. The heightened volatility saw the trading volume jump to 15,21,548 shares. Company has a market cap of $47,954 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.

Many Wall Street Analysts have commented on Dominion Resources. Company shares were Reiterated by UBS on Jul 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 77 from a previous price target of $74 .Dominion Resources was Downgraded by JP Morgan to ” Neutral” on Jun 16, 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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