Cadence Bank NA boosted its stake in Dominion Resources, Inc. (NYSE:D) by 2.5% during the fourth quarter, Holdings Channel reports. The fund owned 3,912 shares of the company’s stock after buying an additional 95 shares during the period. Cadence Bank NA’s holdings in Dominion Resources were worth $300,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the company. Linscomb & Williams Inc. raised its stake in Dominion Resources by 5.9% in the fourth quarter. Linscomb & Williams Inc. now owns 44,729 shares of the company’s stock valued at $3,426,000 after buying an additional 2,499 shares during the last quarter. Bessemer Group Inc. raised its position in Dominion Resources by 11.5% in the fourth quarter. Bessemer Group Inc. now owns 17,974 shares of the company’s stock valued at $1,377,000 after buying an additional 1,849 shares during the last quarter. RFG Advisory Group LLC raised its position in Dominion Resources by 1.3% in the fourth quarter. RFG Advisory Group LLC now owns 6,337 shares of the company’s stock valued at $457,000 after buying an additional 79 shares during the last quarter. Ecofin Ltd. raised its position in Dominion Resources by 15.0% in the fourth quarter. Ecofin Ltd. now owns 32,429 shares of the company’s stock valued at $2,484,000 after buying an additional 4,230 shares during the last quarter. Finally, Capital Investment Advisory Services LLC bought a new position in Dominion Resources during the fourth quarter valued at $859,000. Hedge funds and other institutional investors own 65.81% of the company’s stock.
Shares of Dominion Resources, Inc. (NYSE:D) opened at 73.37 on Friday. The stock has a market capitalization of $46.01 billion, a P/E ratio of 21.33 and a beta of 0.25. The stock has a 50 day moving average of $75.10 and a 200-day moving average of $74.59. Dominion Resources, Inc. has a one year low of $67.58 and a one year high of $78.97.
Dominion Resources (NYSE:D) last issued its earnings results on Wednesday, February 1st. The company reported $0.99 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.00 by $0.01. Dominion Resources had a return on equity of 15.42% and a net margin of 18.09%. The business earned $3.08 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same period last year, the firm posted $0.70 EPS. Dominion Resources’s quarterly revenue was up 20.6% compared to the same quarter last year. Equities analysts forecast that Dominion Resources, Inc. will post $3.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 20th. Shareholders of record on Friday, March 3rd will be given a $0.755 dividend. This is a positive change from Dominion Resources’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Wednesday, March 1st. This represents a $3.02 dividend on an annualized basis and a yield of 4.12%. Dominion Resources’s payout ratio is 81.40%.
Several research firms recently weighed in on D. Evercore ISI began coverage on shares of Dominion Resources in a research report on Thursday, January 5th. They set a “hold” rating for the company. RBC Capital Markets restated a “hold” rating and set a $79.00 price target on shares of Dominion Resources in a research report on Wednesday, January 4th. Finally, Credit Suisse Group began coverage on shares of Dominion Resources in a research report on Wednesday, January 25th. They set an “outperform” rating and a $81.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Dominion Resources currently has a consensus rating of “Hold” and a consensus price target of $78.72.
In other Dominion Resources news, insider Diane Leopold sold 3,000 shares of the business’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $71.67, for a total transaction of $215,010.00. Following the completion of the sale, the insider now directly owns 42,926 shares in the company, valued at approximately $3,076,506.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Susan N. Story purchased 1,000 shares of the business’s stock in a transaction on Friday, February 3rd. The shares were purchased at an average price of $71.90 per share, with a total value of $71,900.00. Following the completion of the purchase, the director now owns 1,562 shares in the company, valued at $112,307.80. The disclosure for this purchase can be found here. 0.37% of the stock is currently owned by insiders.
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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