Dominion Resources: Time to Move On

We first recommended Dominion Resources (D) in mid-2012 as one element on the high-dividend side of a barbell approach, thinking that it would contribute attractive income, downside protection, and ballast for a typical investor's equity portfolio. The stock has performed better than expected, producing good income in a low interest rate environment, but also recording significant stock price appreciation.   

Dominion Resources has fully participated in the markets gains over this period, and has significantly out-performed the utility sector.  In light of the stock's 20% plus gains year to date, and with Dominion Resources now selling at a premium valuation, we think it's opportune to lock in a gain by selling the position....307 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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