Dominion Resources, Inc. (D) Shares Bought by YorkBridge Wealth Partners LLC
YorkBridge Wealth Partners LLC raised its stake in Dominion Resources, Inc. (NYSE:D) by 6.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 3,652 shares of the utilities provider’s stock after buying an additional 235 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Dominion Resources were worth $282,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the company. Palisade Capital Management LLC NJ boosted its stake in shares of Dominion Resources by 1.9% in the first quarter. Palisade Capital Management LLC NJ now owns 6,805 shares of the utilities provider’s stock valued at $528,000 after buying an additional 130 shares in the last quarter. City Holding Co. boosted its stake in shares of Dominion Resources by 4.4% in the first quarter. City Holding Co. now owns 22,744 shares of the utilities provider’s stock valued at $1,764,000 after buying an additional 950 shares in the last quarter. Coastline Trust Co boosted its position in Dominion Resources by 4.0% in the first quarter. Coastline Trust Co now owns 12,319 shares of the utilities provider’s stock worth $956,000 after buying an additional 475 shares during the period. Bank of Montreal Can boosted its position in Dominion Resources by 6.8% in the first quarter. Bank of Montreal Can now owns 432,917 shares of the utilities provider’s stock worth $33,581,000 after buying an additional 27,629 shares during the period. Finally, BB&T Corp boosted its position in Dominion Resources by 3.5% in the first quarter. BB&T Corp now owns 122,663 shares of the utilities provider’s stock worth $9,516,000 after buying an additional 4,101 shares during the period. Institutional investors own 66.71% of the company’s stock.
Shares of Dominion Resources, Inc. (NYSE:D) opened at 80.71 on Friday. The stock’s 50 day moving average is $79.11 and its 200-day moving average is $76.72. The stock has a market capitalization of $50.77 billion, a price-to-earnings ratio of 22.60 and a beta of 0.29. Dominion Resources, Inc. has a 52 week low of $69.51 and a 52 week high of $81.65.
Dominion Resources (NYSE:D) last issued its earnings results on Thursday, May 4th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. Dominion Resources had a return on equity of 14.53% and a net margin of 18.29%. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same period last year, the company earned $0.96 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, analysts anticipate that Dominion Resources, Inc. will post $3.65 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Friday, June 2nd will be given a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.84%. This is an increase from Dominion Resources’s previous quarterly dividend of $0.76. The ex-dividend date is Wednesday, May 31st. Dominion Resources’s dividend payout ratio (DPR) is presently 84.59%.
A number of research firms have weighed in on D. Royal Bank Of Canada set a $77.00 price objective on shares of Dominion Resources and gave the company a “hold” rating in a research report on Saturday, June 3rd. Morgan Stanley cut their price objective on shares of Dominion Resources from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Monday, May 8th. Zacks Investment Research cut shares of Dominion Resources from a “hold” rating to a “sell” rating in a research report on Monday, April 10th. Tudor Pickering cut shares of Dominion Resources from a “buy” rating to a “hold” rating in a research report on Monday, April 3rd. Finally, Barclays PLC reiterated an “overweight” rating and set a $89.00 price objective (up previously from $80.00) on shares of Dominion Resources in a research report on Sunday, April 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Dominion Resources has an average rating of “Hold” and an average target price of $80.00.
About Dominion Resources
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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