Time to Buy Dominion Resources, Inc. After Today’s Option Traders Bet?

 Time to Buy Dominion Resources, Inc. After Today's Option Traders Bet?

In today’s session Dominion Resources, Inc. (D) registered an unusually high (320) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious D increase. With 320 contracts traded and 324 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: D161216C00077500 closed last at: $0.8 or 100% up. About 1.18M shares traded hands. Dominion Resources, Inc. (NYSE:D) has declined 0.88% since March 31, 2016 and is downtrending. It has underperformed by 3.40% 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 $700.10M for 16.36 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. Howard Weil initiated Dominion Resources, Inc. (NYSE:D) on Tuesday, November 17 with “Sector Outperform” rating. The stock has “Overweight” rating given by Barclays Capital on Friday, March 18. The stock of Dominion Resources, Inc. (NYSE:D) earned “Sell” rating by Goldman Sachs on Friday, September 11. On Friday, September 18 the stock rating was initiated by Citigroup with “Buy”. As per Tuesday, November 3, the company rating was maintained by RBC Capital Markets. The rating was downgraded by Citigroup to “Neutral” on Tuesday, February 2. The stock of Dominion Resources, Inc. (NYSE:D) has “Neutral” rating given on Thursday, June 16 by JP Morgan. Deutsche Bank maintained the shares of D in a report on Tuesday, August 25 with “Hold” rating. The stock has “Buy” rating given by Argus Research on Thursday, December 10. On Tuesday, November 17 the stock rating was initiated by Scotia Capital with “Sector Outperform”.

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 improved, 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.
National Bank Of Montreal Can owns 465,449 shares or 0.04% of their US portfolio. Susquehanna International Grp Limited Liability Partnership has 14,500 shares for 0% of their US portfolio. Umb State Bank N A Mo holds 0.17% or 50,942 shares in its portfolio. First Republic Invest Mngmt Inc has invested 0.06% of its portfolio in Dominion Resources, Inc. (NYSE:D). Putnam Fl Management Communication has 0.2% invested in the company for 21,745 shares. Blackrock Inv Management Limited Company holds 3.04M shares or 0.3% of its portfolio. Schroder Management Grp holds 0% or 20,959 shares in its portfolio. First Finance Corp In last reported 3,531 shares in the company. Bb&T owns 102,581 shares or 0.17% of their US portfolio. Swiss Comml Bank holds 0.31% or 2.45 million shares in its portfolio. Sumitomo Life Insur Company has 28,991 shares for 0.31% of their US portfolio. State Board Of Administration Of Florida Retirement Systems last reported 0.21% of its portfolio in the stock. Financial Counselors Inc last reported 133,235 shares in the company. Blackrock Group Ltd reported 5.50 million shares or 0.22% of all its holdings. First Niagara Comml Bank has invested 0.09% of its portfolio in Dominion Resources, Inc. (NYSE:D).

Dominion Resources, Inc. is a holding company. The company has a market cap of $45.81 billion. The Firm is a producer and transporter of energy. It has a 22.36 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.

More news for Dominion Resources, Inc. (NYSE:D) were recently published by: Fool.com, which released: “Warm Weather Fuels a Big Quarter for Dominion Resources, Inc.” on October 31, 2016. Nasdaq.com‘s article titled: “Dominion Resources Inc Q3 Income Climbs 17%” and published on October 31, 2016 is yet another important article.

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