Callahan Advisors LLC raised its stake in shares of Dominion Resources Inc. (NYSE:D) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,668 shares of the company’s stock after buying an additional 318 shares during the period. Callahan Advisors LLC’s holdings in Dominion Resources were worth $3,325,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Kistler Tiffany Companies LLC boosted its stake in Dominion Resources by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 2,585 shares of the company’s stock valued at $201,000 after buying an additional 12 shares in the last quarter. Windward Capital Management Co. CA boosted its stake in Dominion Resources by 0.9% in the second quarter. Windward Capital Management Co. CA now owns 3,369 shares of the company’s stock valued at $263,000 after buying an additional 29 shares in the last quarter. Private Trust Co. NA boosted its stake in Dominion Resources by 0.8% in the first quarter. Private Trust Co. NA now owns 6,073 shares of the company’s stock valued at $456,000 after buying an additional 49 shares in the last quarter. Chesley Taft & Associates LLC boosted its stake in Dominion Resources by 0.3% in the first quarter. Chesley Taft & Associates LLC now owns 15,492 shares of the company’s stock valued at $1,164,000 after buying an additional 50 shares in the last quarter. Finally, Boltwood Capital Management boosted its stake in Dominion Resources by 0.3% in the second quarter. Boltwood Capital Management now owns 19,593 shares of the company’s stock valued at $1,527,000 after buying an additional 68 shares in the last quarter. Institutional investors and hedge funds own 63.41% of the company’s stock.

Shares of Dominion Resources Inc. (NYSE:D) traded up 1.12% during mid-day trading on Monday, hitting $75.90. 2,133,317 shares of the stock traded hands. The stock has a market cap of $47.50 billion, a price-to-earnings ratio of 23.67 and a beta of 0.14. Dominion Resources Inc. has a 52 week low of $64.54 and a 52 week high of $78.97. The firm’s 50-day moving average is $75.34 and its 200-day moving average is $74.09.

Dominion Resources (NYSE:D) last released its earnings results on Wednesday, August 3rd. The company reported $0.71 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.71. The company earned $2.60 billion during the quarter, compared to the consensus estimate of $2.99 billion. Dominion Resources had a return on equity of 14.48% and a net margin of 17.44%. Dominion Resources’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS. On average, analysts forecast that Dominion Resources Inc. will post $3.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Investors of record on Friday, September 2nd will be given a $0.70 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $2.80 dividend on an annualized basis and a yield of 3.69%. Dominion Resources’s payout ratio is 87.23%.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Dominion Resources from a “hold” rating to a “sell” rating in a research report on Friday, July 22nd. Morgan Stanley cut shares of Dominion Resources from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $82.00 to $79.00 in a report on Monday, August 8th. They noted that the move was a valuation call. Canaccord Genuity reissued a “hold” rating on shares of Dominion Resources in a report on Monday, June 6th. Deutsche Bank AG reissued a “hold” rating and issued a $73.00 target price on shares of Dominion Resources in a report on Thursday, August 25th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $77.00 target price on shares of Dominion Resources in a report on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Dominion Resources presently has a consensus rating of “Hold” and an average target price of $77.22.

About Dominion Resources

Dominion Resources, Inc (Dominion) is a holding company. The Company 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 through three segments: Dominion Virginia Power (DVP), Dominion Generation and Dominion Energy.

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