UBS Asset Management Americas Inc. Has $159,211,000 Stake in Dominion Resources Inc. (D)
UBS Asset Management Americas Inc. boosted its position in Dominion Resources Inc. (NYSE:D) by 6.4% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,143,665 shares of the company’s stock after buying an additional 129,632 shares during the period. UBS Asset Management Americas Inc. owned about 0.34% of Dominion Resources worth $159,211,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of D. Strs Ohio boosted its position in Dominion Resources by 5.8% in the second quarter. Strs Ohio now owns 384,730 shares of the company’s stock valued at $29,982,000 after buying an additional 21,131 shares during the last quarter. Miller Howard Investments Inc. NY boosted its position in Dominion Resources by 30.3% in the second quarter. Miller Howard Investments Inc. NY now owns 165,049 shares of the company’s stock valued at $12,862,000 after buying an additional 38,372 shares during the last quarter. Hayek Kallen Investment Management boosted its position in Dominion Resources by 0.8% in the second quarter. Hayek Kallen Investment Management now owns 6,978 shares of the company’s stock valued at $544,000 after buying an additional 57 shares during the last quarter. Huntington National Bank boosted its position in Dominion Resources by 11.0% in the second quarter. Huntington National Bank now owns 186,335 shares of the company’s stock valued at $14,521,000 after buying an additional 18,523 shares during the last quarter. Finally, Magellan Asset Management Ltd bought a new position in Dominion Resources during the second quarter valued at approximately $19,385,000. Institutional investors and hedge funds own 64.73% of the company’s stock.
Shares of Dominion Resources Inc. (NYSE:D) opened at 75.41 on Wednesday. Dominion Resources Inc. has a 12-month low of $64.54 and a 12-month high of $78.97. The company has a market cap of $47.26 billion, a price-to-earnings ratio of 22.73 and a beta of 0.22. The stock has a 50 day moving average of $72.97 and a 200 day moving average of $74.43.
Dominion Resources (NYSE:D) last released its quarterly earnings data on Monday, October 31st. The company reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.02. Dominion Resources had a net margin of 18.05% and a return on equity of 14.48%. The firm earned $3.13 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts expect that Dominion Resources Inc. will post $3.80 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Friday, December 2nd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $2.80 dividend on an annualized basis and a yield of 3.68%. Dominion Resources’s dividend payout ratio (DPR) is 84.59%.
Several equities analysts recently commented on D shares. Morgan Stanley cut shares of Dominion Resources from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $82.00 to $79.00 in a research note on Monday, August 8th. They noted that the move was a valuation call. Canaccord Genuity reiterated a “hold” rating on shares of Dominion Resources in a research note on Friday, August 12th. Barclays PLC increased their price objective on shares of Dominion Resources from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, September 26th. Citigroup Inc. dropped their price objective on shares of Dominion Resources from $78.00 to $74.00 and set a “neutral” rating for the company in a research note on Tuesday, October 4th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $73.00 price objective on shares of Dominion Resources in a research note on Thursday, August 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $77.56.
In other news, Director Ron W. Jibson bought 3,500 shares of the company’s stock in a transaction dated Thursday, November 10th. The stock was bought at an average price of $70.98 per share, with a total value of $248,430.00. Following the completion of the acquisition, the director now owns 1,142 shares of the company’s stock, valued at $81,059.16. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.37% of the company’s stock.
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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