Dominion Resources Inc. (Virginia) Price Target Raised to $68.00 at Barclays Capital (D)
Barclays Capital raised their target price on shares of Dominion Resources Inc. (Virginia) (NYSE:D) from $66.00 to $68.00 in a research note issued on Friday, ARN reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s target price suggests a potential upside of 13.75% from the company’s current price.
A number of other analysts have also recently weighed in on D. Analysts at JPMorgan Chase & Co. upgraded shares of Dominion Resources Inc. (Virginia) (NYSE:D) from a “neutral” rating to an “overweight” rating in a research note to investors on Friday. They now have a $68.00 price target on the stock, up previously from $61.00. Separately, 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. Finally, 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.
Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $69.00.
Shares of Dominion Resources Inc. (NYSE:D) traded up 2.63% during mid-day trading on Friday, hitting $61.35. 1,931,388 shares of the company’s stock traded hands. Dominion Resources Inc. has a 52 week low of $48.94 and a 52 week high of $61.94. The stock has a 50-day moving average of $58.76 and a 200-day moving average of $58.23. The company has a market cap of $35.523 billion and a price-to-earnings ratio of 139.35.
Dominion Resources Inc. (Virginia) (NYSE:D) last announced its earnings results on Tuesday, August 6th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.66 by $0.04. During the same quarter in the prior 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 declared a quarterly dividend, which is scheduled for Friday, September 20th. Investors of record on Friday, September 6th will be given a dividend of $0.56 per share. This represents a $2.25 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Wednesday, September 4th.
Dominion Resources, Inc (NYSE:D) is a producer and transporter of energy.
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