A number of firms have modified their ratings and price targets on shares of Dominion Resources (NYSE: D) recently:
Dominion Resources, Inc. (NYSE:D) traded up 0.18% during trading on Tuesday, reaching $78.06. The company’s stock had a trading volume of 2,869,038 shares. The company has a market capitalization of $49.03 billion, a P/E ratio of 22.69 and a beta of 0.25. The firm’s 50-day moving average price is $75.65 and its 200 day moving average price is $74.65. Dominion Resources, Inc. has a 12-month low of $68.71 and a 12-month high of $79.36.
Dominion Resources (NYSE:D) last issued its earnings results on Wednesday, February 1st. The company reported $0.99 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by $0.01. Dominion Resources had a return on equity of 15.42% and a net margin of 18.09%. The firm earned $3.08 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. Dominion Resources’s quarterly revenue was up 20.6% compared to the same quarter last year. On average, analysts predict that Dominion Resources, Inc. will post $3.68 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 20th. Stockholders of record on Friday, March 3rd were given a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.87%. This is a positive change from Dominion Resources’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Wednesday, March 1st. Dominion Resources’s payout ratio is presently 81.40%.
In related news, Director Susan N. Story purchased 1,000 shares of Dominion Resources stock in a transaction dated Friday, February 3rd. The stock was purchased at an average cost of $71.90 per share, with a total value of $71,900.00. Following the transaction, the director now owns 1,562 shares in the company, valued at approximately $112,307.80. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John W. Harris sold 5,697 shares of the business’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $76.55, for a total value of $436,105.35. Following the completion of the transaction, the director now directly owns 22,503 shares of the company’s stock, valued at $1,722,604.65. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.
Dominion Resources, Inc (Dominion) 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.