Dominion Resources Director Sells $356,134 in Stock (D)
Dominion Resources (NYSE:D) Director David A. Wollard sold 5,058 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $70.41, for a total transaction of $356,133.78. Following the completion of the sale, the director now directly owns 16,148 shares in the company, valued at approximately $1,136,981. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Dominion Resources (NYSE:D) traded down 0.54% on Friday, hitting $69.85. 1,619,816 shares of the company’s stock traded hands. Dominion Resources has a 52 week low of $53.79 and a 52 week high of $73.75. The stock’s 50-day moving average is $70.42 and its 200-day moving average is $68.21. The company has a market cap of $40.625 billion and a P/E ratio of 25.82.
Dominion Resources (NYSE:D) last released its earnings data on Wednesday, April 30th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.97 by $0.07. During the same quarter in the prior year, the company posted $0.83 earnings per share. On average, analysts predict that Dominion Resources will post $3.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 20th. Investors of record on Friday, May 30th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, May 28th.
D has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Dominion Resources in a research note on Thursday, April 24th. They now have a $70.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Dominion Resources in a research note on Wednesday, April 23rd. They now have a $71.00 price target on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Dominion Resources in a research note on Thursday, April 3rd. They now have a $75.00 price target on the stock, up previously from $71.00. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Dominion Resources has an average rating of “Hold” and an average price target of $68.90.
Dominion Resources, Inc (NYSE:D) is a producer and transporter of energy.
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