Dominion Resources Given Average Rating of “Hold” by Analysts (NYSE:D)
Dominion Resources (NYSE:D) has been given an average recommendation of “Hold” by the seventeen brokerages that are presently covering the company, AnalystRatings.NET reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $69.55.
A number of research firms have recently commented on D. 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.
Shares of Dominion Resources (NYSE:D) opened at 69.51 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 $68.80 and its 200-day moving average is $69.62. The company has a market cap of $40.501 billion and a price-to-earnings ratio of 26.42.
Dominion Resources (NYSE:D) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.62 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.62. During the same quarter last year, the company posted $0.62 earnings per share. On average, analysts predict that Dominion Resources will post $3.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Saturday, September 20th. Shareholders 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.
Dominion Resources, Inc (NYSE:D) is a producer and transporter of energy.
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