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Dominion Resources Inc. (Virginia) (NYSE:D) was downgraded by equities research analysts at S&P Equity Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, Analyst Ratings.Net reports.

Dominion Resources Inc. (NYSE:D) traded down 0.26% during mid-day trading on Friday, hitting $66.874. The stock had a trading volume of 1,369,896 shares. Dominion Resources Inc. has a one year low of $53.79 and a one year high of $68.47. The stock’s 50-day moving average is $65.31 and its 200-day moving average is $62.74. The company has a market cap of $38.816 billion and a price-to-earnings ratio of 63.80.

Dominion Resources Inc. (Virginia) (NYSE:D) last announced its earnings results on Friday, January 31st. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by $0.15. During the same quarter in the previous year, the company posted $0.69 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 Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of 0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Wednesday, February 26th. This is a positive change from Dominion Resources Inc. (Virginia)’s previous quarterly dividend of $0.56.

Several other analysts have also recently commented on the stock. Analysts at Ned Davis Research upgraded shares of Dominion Resources Inc. (Virginia) from a “sell” rating to a “neutral” rating in a research note to investors on Monday. Separately, analysts at Morgan Stanley upgraded shares of Dominion Resources Inc. (Virginia) from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, January 13th. Finally, analysts at UBS AG upgraded shares of Dominion Resources Inc. (Virginia) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, January 9th. They now have a $72.00 price target on the stock, up previously from $63.00. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $64.73.

Dominion Resources, Inc (NYSE:D) is a producer and transporter of energy.

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