Dominion Resources, Inc. (D) Given Consensus Recommendation of “Hold” by Brokerages
Dominion Resources, Inc. (NYSE:D) has earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $79.00.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Dominion Resources from a “sell” rating to a “hold” rating in a report on Monday, April 3rd. Royal Bank Of Canada set a $77.00 price objective on Dominion Resources and gave the company a “hold” rating in a report on Saturday, June 3rd. Morgan Stanley cut their price objective on Dominion Resources from $81.00 to $79.00 and set an “equal weight” rating on the stock in a report on Monday, May 8th. Barclays PLC reissued an “overweight” rating and issued a $89.00 price objective (up from $80.00) on shares of Dominion Resources in a report on Sunday, April 23rd. Finally, Deutsche Bank AG increased their price objective on Dominion Resources from $74.00 to $76.00 and gave the company a “hold” rating in a report on Tuesday, April 11th.
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Dominion Resources (NYSE D) traded down 0.64% during midday trading on Monday, reaching $80.19. The company had a trading volume of 1,092,688 shares. The company has a market capitalization of $50.44 billion, a P/E ratio of 22.45 and a beta of 0.29. Dominion Resources has a 1-year low of $69.51 and a 1-year high of $81.65. The firm has a 50-day moving average of $79.11 and a 200 day moving average of $76.72.
Dominion Resources (NYSE:D) last released its quarterly earnings results on Thursday, May 4th. The utilities provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. Dominion Resources had a return on equity of 14.53% and a net margin of 18.29%. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same period last year, the business posted $0.96 earnings per share. The firm’s revenue was up 15.9% compared to the same quarter last year. On average, equities research analysts forecast that Dominion Resources will post $3.65 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Friday, June 2nd will be issued a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 3.84%. This is a positive change from Dominion Resources’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Wednesday, May 31st. Dominion Resources’s dividend payout ratio (DPR) is 84.59%.
A number of hedge funds have recently bought and sold shares of D. Tradewinds Capital Management LLC raised its stake in Dominion Resources by 1.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock valued at $101,000 after buying an additional 13 shares during the period. Enterprise Financial Services Corp raised its stake in Dominion Resources by 62.6% in the first quarter. Enterprise Financial Services Corp now owns 1,376 shares of the utilities provider’s stock valued at $107,000 after buying an additional 530 shares during the period. Clean Yield Group bought a new stake in Dominion Resources during the first quarter valued at approximately $117,000. Bollard Group LLC raised its stake in Dominion Resources by 0.9% in the first quarter. Bollard Group LLC now owns 1,516 shares of the utilities provider’s stock valued at $118,000 after buying an additional 13 shares during the period. Finally, Advantage Investment Management LLC raised its stake in Dominion Resources by 247.7% in the first quarter. Advantage Investment Management LLC now owns 1,582 shares of the utilities provider’s stock valued at $123,000 after buying an additional 1,127 shares during the period. 66.70% of the stock is currently owned by hedge funds and other institutional investors.
Dominion Resources Company Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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