Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Dominion Resources Inc. (NYSE:D) by 4.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,849,074 shares of the companys stock after buying an additional 71,448 shares during the period. Mitsubishi UFJ Trust & Banking Corps holdings in Dominion Resources were worth $137,331,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of D. Strs Ohio raised its stake in Dominion Resources by 5.8% in the second quarter. Strs Ohio now owns 384,730 shares of the companys stock worth $29,982,000 after buying an additional 21,131 shares during the last quarter. Miller Howard Investments Inc. NY raised its stake in Dominion Resources by 30.3% in the second quarter. Miller Howard Investments Inc. NY now owns 165,049 shares of the companys stock worth $12,862,000 after buying an additional 38,372 shares during the last quarter. Hayek Kallen Investment Management raised its stake in Dominion Resources by 0.8% in the second quarter. Hayek Kallen Investment Management now owns 6,978 shares of the companys stock worth $544,000 after buying an additional 57 shares during the last quarter. BlackRock Japan Co. Ltd raised its stake in Dominion Resources by 4.1% in the third quarter. BlackRock Japan Co. Ltd now owns 787,404 shares of the companys stock worth $58,480,000 after buying an additional 31,145 shares during the last quarter. Finally, Huntington National Bank raised its stake in Dominion Resources by 11.0% in the second quarter. Huntington National Bank now owns 186,335 shares of the companys stock worth $14,521,000 after buying an additional 18,523 shares during the last quarter. Hedge funds and other institutional investors own 64.61% of the companys stock.
Shares of Dominion Resources Inc. (NYSE:D) opened at 76.75 on Monday. Dominion Resources Inc. has a 12 month low of $66.25 and a 12 month high of $78.97. The firm has a market cap of $48.10 billion, a PE ratio of 23.13 and a beta of 0.20. The stocks 50 day moving average is $73.81 and its 200 day moving average is $74.83.
Dominion Resources (NYSE:D) last announced its quarterly earnings results on Monday, October 31st. The company reported $1.14 earnings per share for the quarter, beating analysts consensus estimates of $1.12 by $0.02. Dominion Resources had a return on equity of 14.48% and a net margin of 18.05%. The business earned $3.13 billion during the quarter, compared to analysts expectations of $3.28 billion. During the same quarter last year, the business posted $1.03 earnings per share. The businesss revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts anticipate that Dominion Resources Inc. will post $3.80 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 20th. Stockholders of record on Friday, December 2nd were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Wednesday, November 30th. Dominion Resourcess dividend payout ratio is currently 84.59%.
Several research analysts have recently weighed in on D shares. Barclays PLC boosted their price target on shares of Dominion Resources from $80.00 to $84.00 and gave the company an overweight rating in a research report on Monday, September 26th. Citigroup Inc. lowered their price target on shares of Dominion Resources from $78.00 to $74.00 and set a neutral rating on the stock in a research report on Tuesday, October 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $78.35.
In related news, Director Ron W. Jibson acquired 3,500 shares of the companys stock in a transaction that occurred on Thursday, November 10th. The stock was purchased at an average price of $70.98 per share, for a total transaction of $248,430.00. Following the transaction, the director now owns 1,142 shares in the company, valued at approximately $81,059.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is owned by insiders.
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