Short Interest Don’t Lie: Dominion Resources Incorporated (NYSE:D) Just Reported Increased Shorts

December 1, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Don't Lie: Dominion Resources Incorporated (NYSE:D) Just Reported Increased Shorts

The stock of Dominion Resources Incorporated (NYSE:D) registered an increase of 2.01% in short interest. D’s total short interest was 19.04M shares in December as published by FINRA. Its up 2.01% from 18.66M shares, reported previously. With 1.97M shares average volume, it will take short sellers 10 days to cover their D’s short positions. The short interest to Dominion Resources Incorporated’s float is 3.05%. The stock decreased 2.81% or $2.12 during the last trading session, hitting $73.29. Dominion Resources, Inc. (NYSE:D) has risen 3.18% since April 28, 2016 and is uptrending. It has underperformed by 2.74% the S&P500.

Dominion Resources, Inc. is a holding company. The company has a market cap of $46.51 billion. The Firm is a producer and transporter of energy. It has a 22.15 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.

Insitutional Activity: The institutional sentiment decreased to 1.18 in Q2 2016. Its down 0.35, from 1.53 in 2016Q1. The ratio is negative, as 39 funds sold all Dominion Resources, Inc. shares owned while 245 reduced positions. 69 funds bought stakes while 366 increased positions. They now own 392.42 million shares or 2.01% more from 384.67 million shares in 2016Q1.
Farmers Merchants Invs holds 0.61% or 70,570 shares in its portfolio. Principal Fincl Grp Inc holds 841,734 shares or 0.09% of its portfolio. Moreover, Ngam Lp has 0.08% invested in Dominion Resources, Inc. (NYSE:D) for 71,591 shares. accumulated 25.31 million shares or 0.53% of the stock. Family Capital holds 0.12% of its portfolio in Dominion Resources, Inc. (NYSE:D) for 2,700 shares. Gulf Intl Commercial Bank (Uk) last reported 0.23% of its portfolio in the stock. Wills Fincl Gp reported 79,297 shares or 5.15% of all its holdings. Violich has 0.49% invested in the company for 19,892 shares. Wellington Shields Ltd Liability last reported 0.15% of its portfolio in the stock. Mcmillion Mngmt holds 0.19% of its portfolio in Dominion Resources, Inc. (NYSE:D) for 3,166 shares. Next Gp holds 0.11% of its portfolio in Dominion Resources, Inc. (NYSE:D) for 4,323 shares. Kistler owns 2,585 shares or 0.1% of their US portfolio. Teachers Insur & Annuity Association Of America last reported 138,200 shares in the company. Canal has invested 0.89% of its portfolio in Dominion Resources, Inc. (NYSE:D). Ls Investment Advsrs Ltd Llc has invested 0.18% of its portfolio in Dominion Resources, Inc. (NYSE:D).

Insider Transactions: Since November 10, 2016, the stock had 1 buying transaction, and 0 insider sales for $248,417 net activity. Jibson Ron W bought $248,417 worth of stock.

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

Out of 11 analysts covering Dominion Midstream (NYSE:D), 6 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 55% are positive. Dominion Midstream has been the topic of 17 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Thursday, February 4 the stock rating was maintained by Barclays Capital with “Overweight”. The rating was downgraded by Goldman Sachs on Friday, September 11 to “Sell”. On Thursday, July 23 the stock rating was initiated by DA Davidson with “Buy”. On Friday, January 29 the stock rating was downgraded by UBS to “Neutral”. RBC Capital Markets maintained Dominion Resources, Inc. (NYSE:D) on Tuesday, November 3 with “Outperform” rating. As per Friday, March 18, the company rating was maintained by Barclays Capital. The stock has “Neutral” rating given by JP Morgan on Thursday, June 16. The stock of Dominion Resources, Inc. (NYSE:D) has “Buy” rating given on Thursday, December 10 by Argus Research. Barclays Capital maintained Dominion Resources, Inc. (NYSE:D) on Monday, September 26 with “Overweight” rating. The firm has “Sector Outperform” rating given on Tuesday, November 17 by Howard Weil.

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 Forbes.com which published an article titled: “Ex-Dividend Reminder: Cinemark Holdings, Abercrombie & Fitch and Dominion …” on November 28, 2016.

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By Winifred Garcia

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