Barclays Maintains Dominion Resources to Overweight with Price Target $84.00

Brokerage firm Barclays Maintains its rating on Dominion Resources(NYSE:D). In a research note issued to the investors, the brokerage major Raises the price-target to $84.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Sep 26, 2016.

In a different note, On Aug 8, 2016, Morgan Stanley said it Downgrades its rating on Dominion Resources. In the research note, the firm Lowers the price-target to $82.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Dominion Resources (D) made into the market gainers list on Thursdays trading session with the shares advancing 0.38% or 0.29 points. Due to strong positive momentum, the stock ended at $77.04, which is also near the day’s high of $77.32. The stock began the session at $77 and the volume stood at 20,83,062 shares. The 52-week high of the shares is $78.97 and the 52 week low is $64.54. The company has a current market capitalization of $48,209 M and it has 62,57,63,030 shares in outstanding.

Dominion Resources(D) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.60B. Analysts had an estimated revenue of $2.99B. Earnings per share were $0.71. Analysts had estimated an EPS of $0.72.

Several Insider Transactions has been reported to the SEC. On Feb 5, 2016, Robert M Blue (Senior Vice President) sold 3,088 shares at $70.13 per share price.Also, On Mar 10, 2015, Helen E Dragas (director) purchased 18,545 shares at $69.87 per share price.On Feb 24, 2015, Michael E Szymanczyk (director) purchased 10,000 shares at $73.54 per share price, according to the Form-4 filing with the securities and exchange commission.

Dominion Resources Inc. (Dominion) is a producer and transporter of energy. The Company is a provider of electricity natural gas and related services to customers in the eastern region of the United States. The Company operates in three segments: Dominion Virginia Power (DVP) Dominion Generation and Dominion Energy. As of December 31 2014 the Company’s portfolio of assets includes approximately 24600 megawatt (MW) of generating capacity; 6400 miles of electric transmission lines; 57100 miles of electric distribution lines; 10900 miles of natural gas transmission gathering and storage pipeline and 21900 miles of gas distribution pipeline exclusive of service lines. Dominion’s operations are conducted through various subsidiaries including Virginia Power and Dominion Gas. The Company also operates one of the underground natural gas storage systems with approximately 947 billion cubic feet (bcf) of storage capacity.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Dominion Resources - Is it time to Sell?

Top Brokerage Firms are advising their investors on Dominion Resources. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.