Shares of Dominion Resources (D) Sees Large Outflow of Money

Dominion Resources (D) : Tuesdays money flow analysis of Dominion Resources (D) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $2.86 million. In comparison, the inflow of money on upticks was a meager $1.24 million. The dollar value of composite uptick trades minus the downtick trades was negative $1.62 million. The uptick to downtick ratio of 0.43 in the money flow shows weakness. The downtick transaction value was high at $1.28 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($1.28 million). Dominion Resources (D) gained $0.06 at $75.75, a change of 0.08% over the previous days close.


Also, Morgan Stanley downgrades its rating on Dominion Resources (NYSE:D). The global brokerage major lowers the current price target from $82 per share to $79 per share. Analysts at the Morgan Stanley have a current rating of Equal-weight on the shares. The shares were previously rated Overweight. The rating by the firm was issued on August 8, 2016.

Dominion Resources, Inc. has lost 1.16% in the last five trading days and dropped 3.39% in the last 4 weeks. Dominion Resources, Inc. is up 4.56% in the last 3-month period. Year-to-Date the stock performance stands at 13.02%.

Dominion Resources (NYSE:D): The stock opened at $75.65 on Tuesday but the bulls could not build on the opening and the stock topped out at $76.02 for the day. The stock traded down to $74.84 during the day, due to lack of any buying support eventually closed down at $74.95 with a loss of -0.98% for the day. The stock had closed at $75.69 on the previous day. The total traded volume was 2,415,477 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Vice President) of Dominion Resources Inc /Va/, Blue Robert M had sold 3,088 shares worth of $216,561 in a transaction dated February 5, 2016. In this transaction, 3,088 shares were sold at $70.13 per share.

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.

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