Dominion Resources (D) : Iowa State Bank scooped up 785 additional shares in Dominion Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 6, 2016. The investment management firm now holds a total of 61,299 shares of Dominion Resources which is valued at $4,792,969.Dominion Resources makes up approximately 2.43% of Iowa State Bank’s portfolio.
Other Hedge Funds, Including , 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. Pensionfund Dsm Netherlands sold out all of its stake in D during the most recent quarter. The investment firm sold 59,000 shares of D which is valued $4,628,550.First Financial Bank N.a. – Trust Division reduced its stake in D by selling 68 shares or 1.71% in the most recent quarter. The Hedge Fund company now holds 3,918 shares of D which is valued at $307,367. Dominion Resources makes up approx 0.06% of First Financial Bank N.a. – Trust Division’s portfolio.Cullinan Associates Inc boosted its stake in D in the latest quarter, The investment management firm added 1,600 additional shares and now holds a total of 24,978 shares of Dominion Resources which is valued at $1,944,787. Dominion Resources makes up approx 0.16% of Cullinan Associates Inc’s portfolio.
Dominion Resources closed down -0.04 points or -0.05% at $78.15 with 18,31,981 shares getting traded on Monday. Post opening the session at $77.69, the shares hit an intraday low of $77.22 and an intraday high of $78.2677 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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 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.