Dominion Resources Inc. (Virginia)’s Buy Rating Reaffirmed at Macquarie (D)
Dominion Resources Inc. (Virginia) (NYSE:D)‘s stock had its “buy” rating reaffirmed by investment analysts at Macquarie in a note issued to investors on Friday, Analyst Ratings.Net reports. They currently have a $63.00 price target on the stock. Macquarie’s target price indicates a potential upside of 5.39% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital raised their price target on shares of Dominion Resources Inc. (Virginia) (NYSE:D) from $66.00 to $68.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, 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. 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 issued a hold rating and eight have assigned a buy rating to the company. Dominion Resources Inc. (Virginia) presently has an average rating of “Hold” and a consensus price target of $69.00.
Dominion Resources Inc. (NYSE:D) traded up 2.53% during mid-day trading on Friday, hitting $61.29. 2,736,544 shares of the company’s stock traded hands. Dominion Resources Inc. has a 1-year low of $48.94 and a 1-year high of $61.94. The stock’s 50-day moving average is $58.76 and its 200-day moving average is $58.23. The company has a market cap of $35.488 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 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.66 by $0.04. During the same quarter in the prior year, the company posted $0.59 earnings per share. On average, analysts predict that Dominion Resources Inc. will post $3.34 earnings per share 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 3.76%. The ex-dividend date is Wednesday, September 4th.
Dominion Resources, Inc (NYSE:D) is a producer and transporter of energy.
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