Dominion Resources Receives Consensus Rating of “Hold” from Analysts (NYSE:D)
Dominion Resources (NYSE:D) has been given a consensus recommendation of “Hold” by the seventeen analysts that are covering the company, Analyst RN reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $69.55.
Dominion Resources (NYSE:D) opened at 69.59 on Wednesday. Dominion Resources has a 1-year low of $56.58 and a 1-year high of $73.75. The stock’s 50-day moving average is $68.89 and its 200-day moving average is $69.59. The company has a market cap of $40.548 billion and a P/E ratio of 26.38.
Dominion Resources (NYSE:D) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. During the same quarter in the previous year, the company posted $0.62 earnings per share. Analysts expect that Dominion Resources will post $3.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Saturday, September 20th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Wednesday, August 27th.
D has been the subject of a number of recent research reports. Analysts at Jefferies Group cut their price target on shares of Dominion Resources from $73.50 to $72.00 in a research note on Thursday, July 31st. They now have a “hold” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Dominion Resources from $64.00 to $67.00 in a research note on Thursday, July 31st. They now have a “market perform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. set a $77.00 price target on shares of Dominion Resources in a research note on Wednesday, July 9th. They now have an “overweight” rating on the stock.
In other Dominion Resources news, Director Mark J. Kington bought 15,000 shares of the stock on the open market in a transaction that occurred on Wednesday, August 6th. The stock was purchased at an average price of $64.87 per share, with a total value of $973,050.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Dominion Resources, Inc (NYSE:D) is a producer and transporter of energy.
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