Dominion Resources Inc. (Virginia) Reaches New 12-Month High at $61.94 (D)
Dominion Resources Inc. (Virginia) (NYSE:D)’s share price reached a new 52-week high during trading on Thursday, American Banking News reports. The stock traded as high as $61.94 and last traded at $59.88, with a volume of 6,875,778 shares traded. The stock had previously closed at $58.61.
A number of analysts have recently weighed in on D shares. Analysts at Macquarie cut their price target on shares of Dominion Resources Inc. (Virginia) (NYSE:D) from $64.00 to $63.00 in a research note to investors on Tuesday, July 16th. They now have an “outperform” rating on the stock. Separately, analysts at BGC Financial initiated coverage on shares of Dominion Resources Inc. (Virginia) (NYSE:D) in a research note to investors on Wednesday, July 10th. They set a “hold” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Dominion Resources Inc. (Virginia) (NYSE:D) in a research note to investors on Monday, June 17th.
Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $67.54.
Dominion Resources Inc. has a 1-year low of $48.94 and a 1-year high of $61.85. The stock’s 50-day moving average is $58.73 and its 200-day moving average is $58.22. The company has a market cap of $34.686 billion and a price-to-earnings ratio of 136.62.
Dominion Resources Inc. (Virginia) (NYSE:D) last announced its earnings results on Tuesday, August 6th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.04. During the same quarter in the previous year, the company posted $0.59 earnings per share. Analysts expect that Dominion Resources Inc. will post $3.34 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 20th. Investors of record on Friday, September 6th will be paid a dividend of $0.56 per share. This represents a $2.25 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Wednesday, September 4th.
Dominion Resources, Inc (NYSE:D) is a producer and transporter of energy.
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