Today’s Ownership Action: Dominion Resources Inc (NYSE:D) Institutional Investors Sentiment Change

November 24, 2016 - By Peter Erickson   ·   0 Comments

Today's Ownership Action: Dominion Resources Inc (NYSE:D) Institutional Investors Sentiment Change

Sentiment for Dominion Resources Inc (NYSE:D)

Dominion Resources Inc (NYSE:D) institutional sentiment decreased to 1.18 in Q2 2016. Its down -0.35, from 1.53 in 2016Q1. The ratio dropped, as 435 investment managers started new and increased positions, while 284 sold and reduced equity positions in Dominion Resources Inc. The investment managers in our partner’s database reported: 392.42 million shares, up from 384.67 million shares in 2016Q1. Also, the number of investment managers holding Dominion Resources Inc in their top 10 positions decreased from 14 to 12 for a decrease of 2. Sold All: 39 Reduced: 245 Increased: 366 New Position: 69.

Dominion Resources, Inc. is a holding company. The company has a market cap of $46.27 billion. The Firm is a producer and transporter of energy. It has a 22.02 P/E ratio. The Firm is a well-known provider of electricity, natural gas and related services to clients in the eastern region of the United States.

The stock decreased 0.46% or $0.34 on November 23, hitting $72.87. About 3.36M shares traded hands or 35.48% up from the average. Dominion Resources, Inc. (NYSE:D) has risen 4.01% since April 22, 2016 and is uptrending. It has underperformed by 1.40% the S&P500.

Analysts await Dominion Resources, Inc. (NYSE:D) to report earnings on February, 6. They expect $1.01 EPS, up 44.29% or $0.31 from last year’s $0.7 per share. D’s profit will be $641.32M for 18.04 P/E if the $1.01 EPS becomes a reality. After $1.14 actual EPS reported by Dominion Resources, Inc. for the previous quarter, Wall Street now forecasts -11.40% negative EPS growth.

According to Zacks Investment Research, “Dominion Resources is a producer of energy. Dominion has one of the larger British Thermal Unit production capability among integrated utilities in the northeast quadrant of the United States. Dominion is also one of the largest independent oil and natural gas exploration and production companies in North America. In addition, the company operates one of the nation’s largest underground natural gas storage system. (Company Press Release)”

Financial Engines Advisors L.L.C. holds 16.04% of its portfolio in Dominion Resources, Inc. for 245,281 shares. Sasco Capital Inc Ct owns 2.73 million shares or 5.32% of their US portfolio. Moreover, Wills Financial Group Inc. has 5.15% invested in the company for 79,297 shares. The Pennsylvania-based Symons Capital Management Inc has invested 4.59% in the stock. Donaldson Capital Management Llc, a Indiana-based fund reported 324,197 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 0 insider sales for $248,417 net activity.

Dominion Resources, Inc. (NYSE:D) Ratings Coverage

Ratings analysis reveals 55% of Dominion Midstream’s analysts are positive. Out of 11 Wall Street analysts rating Dominion Midstream, 6 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $41.0 while the high is $85. The stock’s average target of $69.56 is -4.54% below today’s ($72.87) share price. D was included in 17 notes of analysts from July 23, 2015. The firm earned “Outperform” rating on Tuesday, November 3 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, July 23 by DA Davidson. As per Tuesday, November 17, the company rating was initiated by Scotia Capital. The company was maintained on Friday, March 18 by Barclays Capital. The stock has “Overweight” rating given by Barclays Capital on Thursday, February 4. The rating was downgraded by JP Morgan on Thursday, June 16 to “Neutral”. UBS downgraded the shares of D in a report on Friday, January 29 to “Neutral” rating. The stock of Dominion Resources, Inc. (NYSE:D) has “Overweight” rating given on Monday, September 26 by Barclays Capital. The firm earned “Sell” rating on Friday, September 11 by Goldman Sachs. Argus Research maintained Dominion Resources, Inc. (NYSE:D) on Thursday, December 10 with “Buy” rating.

D Company Profile

Dominion Resources, Inc. (Dominion), incorporated on February 18, 1983, is a holding company. The Firm is a producer and transporter of energy. The Firm is a well-known provider of electricity, natural gas and related services to clients in the eastern region of the United States. The Firm operates through three divisions: Dominion Virginia Power (DVP), Dominion Generation and Dominion Energy. The Company’s portfolio of assets includes approximately 24,300 megawatt (MW) of generating capacity; 6,500 miles of electric transmission lines; 57,300 miles of electric distribution lines; 12,200 miles of natural gas transmission, gathering and storage pipeline, and 22,000 miles of gas distribution pipeline, exclusive of service lines. The Firm also operates underground natural gas storage systems, with approximately 933 billion cubic feet (bcf) of storage capacity.

Another recent and important Dominion Resources, Inc. (NYSE:D) news was published by Fool.com which published an article titled: “Warm Weather Fuels a Big Quarter for Dominion Resources, Inc.” on October 31, 2016.

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By Peter Erickson


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