Dominion Resources, Inc. Unusual Bullish Options Activity Means Profits for Traders

 Dominion Resources, Inc. Unusual Bullish Options Activity Means Profits for Traders

In today’s session Dominion Resources, Inc. (D) registered an unusually high (262) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious D increase. With 262 contracts traded and 17154 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: D170120C00075000 closed last at: $1.5 or 3.2% down. About 400,281 shares traded hands. Dominion Resources, Inc. (NYSE:D) has declined 0.26% since March 16, 2016 and is downtrending. It has underperformed by 5.80% the S&P500.

Analysts await Dominion Resources, Inc. (NYSE:D) to report earnings on November, 7. They expect $1.13 earnings per share, up 9.71% or $0.10 from last year’s $1.03 per share. D’s profit will be $712.28 million for 16.22 P/E if the $1.13 EPS becomes a reality. After $0.71 actual earnings per share reported by Dominion Resources, Inc. for the previous quarter, Wall Street now forecasts 59.15% EPS growth.

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. The company was maintained on Thursday, February 4 by Barclays Capital. The company was maintained on Tuesday, August 25 by Deutsche Bank. On Tuesday, November 17 the stock rating was initiated by Howard Weil with “Sector Outperform”. UBS downgraded the shares of D in a report on Friday, January 29 to “Neutral” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, November 3 report. The stock of Dominion Resources, Inc. (NYSE:D) earned “Buy” rating by Argus Research on Thursday, December 10. The company was downgraded on Thursday, June 16 by JP Morgan. The rating was initiated by Scotia Capital on Tuesday, November 17 with “Sector Outperform”. The company was initiated on Thursday, July 23 by DA Davidson. Citigroup initiated the shares of D in a report on Friday, September 18 with “Buy” rating.

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)”

Insitutional Activity: The institutional sentiment increased to 1.53 in Q2 2016. Its up 0.39, from 1.14 in 2016Q1. The ratio increased, 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.
Jacobus Wealth Mgmt has 4,800 shares for 0.11% of their US portfolio. Sumitomo Mitsui Asset Management Limited accumulated 0.11% or 46,035 shares. Beaumont Finance Prtn Ltd Llc accumulated 74,915 shares or 0.96% of the stock. First Natl Tru, a Pennsylvania-based fund reported 76,776 shares. Gamco Invsts Et Al reported 21,542 shares or 0.01% of all its holdings. One Natl Association accumulated 0.05% or 7,053 shares. Rhumbline Advisers has invested 0.21% of its portfolio in Dominion Resources, Inc. (NYSE:D). Dowling And Yahnke Llc owns 6,228 shares or 0.06% of their US portfolio. Avalon Advsr Llc owns 293,017 shares or 0.88% of their US portfolio. State Of New Jersey Common Pension Fund D has 835,000 shares for 0.3% of their US portfolio. Glg Ltd Liability Co last reported 4,077 shares in the company. Stralem Inc, a New York-based fund reported 355,690 shares. Washington Trust Natl Bank has 1,787 shares for 0.04% of their US portfolio. Rbo & Ltd Liability Company has invested 1.49% of its portfolio in Dominion Resources, Inc. (NYSE:D). Daiwa Secs Inc holds 0.01% or 14,700 shares in its portfolio.

Dominion Resources, Inc. is a holding company. The company has a market cap of $46.21 billion. The Firm is a producer and transporter of energy. It has a 22.89 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.

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.

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