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Dominion Resources (NYSE:D)‘s stock had its “outperform” rating reissued by equities researchers at Credit Suisse in a research report issued on Thursday. They currently have a $78.00 price target on the stock, up from their previous price target of $76.00. Credit Suisse’s price objective would suggest a potential upside of 11.97% from the stock’s previous close.

The analysts wrote, “Dominion continues to find opportunities to deploy incremental capital into projects with attractive returns, as discussed in our 9.2.14 note around the Atlantic Coast Pipeline project and firmed up with the updated 5-year capex budget that is up $3 BN for 2014-19 vs last year’s 2013-18 plan with $2.2 BN more in 2014-16. We see the expanded capex program as setting the stage for Dominion to extend the 5-6% EPS growth target beyond the current 5-year plan, which will likely be a central point of discussion at the February Analyst Day.”

D has been the subject of a number of other 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $70.25.

Dominion Resources (NYSE:D) traded up 0.79% during mid-day trading on Thursday, hitting $70.21. The stock had a trading volume of 1,661,907 shares. Dominion Resources has a 1-year low of $56.99 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 $69.72. The company has a market cap of $40.909 billion and a P/E ratio of 26.41.

Dominion Resources (NYSE:D) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.62 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.62. During the same quarter in the prior 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.

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

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