Brokerage firm JP Morgan Downgrades its rating on Dominion Resources(NYSE:D). In a research note issued to the investors, the brokerage major Raises the price-target to $81.00 per share. The shares have been rated Neutral. Previously, the analysts had a Overweight rating on the shares. The rating by JP Morgan was issued on Jun 16, 2016.
Dominion Resources (D) shares turned negative on Tuesdays trading session with the shares closing down -0.01 points or -0.01% at a volume of 28,09,722. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $74.58. The peak price level was also seen at $74.58 while the days lowest was $73.8. Finally the shares closed at $74.35. The 52-week high of the shares is $76.59 while the 52-week low is $64.54. According to the latest information available, the market cap of the company is $45,816 M.
Dominion Resources(D) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.92B. Analysts had an estimated revenue of $3.45B. Earnings per share were $0.96. Analysts had estimated an EPS of $0.94.
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 Companys 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. Dominions 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.