Adirondack Trust Co. Acquires 20 Shares of Dominion Resources, Inc. (D)

Adirondack Trust Co. raised its position in shares of Dominion Resources, Inc. (NYSE:D) by 0.6% during the first quarter, Holdings Channel reports. The firm owned 3,473 shares of the company’s stock after buying an additional 20 shares during the period. Adirondack Trust Co.’s holdings in Dominion Resources were worth $269,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norway Savings Bank acquired a new position in shares of Dominion Resources during the fourth quarter worth about $100,000. Burt Wealth Advisors boosted its position in shares of Dominion Resources by 23.8% in the third quarter. Burt Wealth Advisors now owns 1,416 shares of the company’s stock worth $105,000 after buying an additional 272 shares during the period. Bollard Group LLC boosted its position in shares of Dominion Resources by 653.0% in the third quarter. Bollard Group LLC now owns 1,491 shares of the company’s stock worth $111,000 after buying an additional 1,293 shares during the period. TLP Group LLC acquired a new position in shares of Dominion Resources during the third quarter worth about $120,000. Finally, First Quadrant L P CA boosted its position in shares of Dominion Resources by 576.7% in the third quarter. First Quadrant L P CA now owns 2,030 shares of the company’s stock worth $151,000 after buying an additional 1,730 shares during the period. 65.93% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Dominion Resources (NYSE:D)

Dominion Resources, Inc. (NYSE:D) traded down 0.23% on Thursday, hitting $77.75. 1,245,304 shares of the stock traded hands. Dominion Resources, Inc. has a 12 month low of $68.71 and a 12 month high of $79.36. The firm has a 50-day moving average price of $77.13 and a 200-day moving average price of $74.88. The company has a market capitalization of $48.84 billion, a PE ratio of 22.60 and a beta of 0.25.

Dominion Resources (NYSE:D) last posted its earnings results on Wednesday, February 1st. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.00 by $0.01. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Dominion Resources had a net margin of 18.09% and a return on equity of 15.42%. Dominion Resources’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period last year, the firm earned $0.70 earnings per share. Analysts forecast that Dominion Resources, Inc. will post $3.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 20th. Stockholders of record on Friday, March 3rd were issued a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.88%. This is a positive change from Dominion Resources’s previous quarterly dividend of $0.70. The ex-dividend date was Wednesday, March 1st. Dominion Resources’s payout ratio is 81.40%.

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D has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Dominion Resources from a “sell” rating to a “buy” rating and set a $87.00 target price for the company in a report on Tuesday. Deutsche Bank AG lifted their target price on shares of Dominion Resources from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Tuesday. Tudor Pickering cut shares of Dominion Resources from a “buy” rating to a “hold” rating in a report on Monday, April 3rd. Evercore ISI initiated coverage on shares of Dominion Resources in a report on Thursday, January 5th. They issued a “hold” rating for the company. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $79.00 target price on shares of Dominion Resources in a report on Wednesday, January 4th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $79.64.

In related news, Director Susan N. Story purchased 1,000 shares of the company’s stock in a transaction that occurred 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 purchase, the director now owns 1,562 shares of the company’s stock, valued at $112,307.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John W. Harris sold 5,697 shares of Dominion Resources stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $76.55, for a total transaction of $436,105.35. Following the completion of the sale, the director now directly owns 22,503 shares in the company, valued at approximately $1,722,604.65. The disclosure for this sale can be found here. 0.37% of the stock is owned by insiders.

Dominion Resources Company Profile

Dominion Resources, Inc (Dominion) 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.

5 Day Chart for NYSE:D

Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Resources, Inc. (NYSE:D).

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