Dominion Resources Inc. (NYSE:D) – Analysts at KeyCorp issued their Q4 2016 earnings per share (EPS) estimates for shares of Dominion Resources in a report released on Tuesday. KeyCorp analyst P. Ridzon anticipates that the brokerage will post earnings per share of $0.98 for the quarter. KeyCorp also issued estimates for Dominion Resources’ FY2017 earnings at $3.70 EPS.
A number of other equities research analysts have also issued reports on D. Morgan Stanley lowered shares of Dominion Resources from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $82.00 to $79.00 in a report on Monday, August 8th. They noted that the move was a valuation call. Canaccord Genuity restated a “hold” rating on shares of Dominion Resources in a report on Friday, August 12th. Deutsche Bank AG restated a “hold” rating and set a $73.00 price target on shares of Dominion Resources in a report on Thursday, August 25th. Barclays PLC boosted their price target on shares of Dominion Resources from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, September 26th. Finally, Citigroup Inc. cut their price target on shares of Dominion Resources from $78.00 to $74.00 and set a “neutral” rating on the stock in a report on Tuesday, October 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $75.38.
Dominion Resources (NYSE:D) opened at 72.87 on Wednesday. The company’s 50 day moving average is $72.78 and its 200 day moving average is $74.35. Dominion Resources has a 12-month low of $64.54 and a 12-month high of $78.97. The firm has a market cap of $45.67 billion, a price-to-earnings ratio of 21.96 and a beta of 0.22.
Dominion Resources (NYSE:D) last posted its earnings results on Monday, October 31st. The company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.28 billion. Dominion Resources had a net margin of 18.05% and a return on equity of 14.48%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Friday, December 2nd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.84%. The ex-dividend date is Wednesday, November 30th. Dominion Resources’s dividend payout ratio is 84.59%.
In other Dominion Resources news, Director Ron W. Jibson bought 3,500 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was bought at an average cost of $70.98 per share, with a total value of $248,430.00. Following the completion of the transaction, the director now directly owns 1,142 shares of the company’s stock, valued at approximately $81,059.16. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.37% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Burt Wealth Advisors increased its stake in Dominion Resources by 23.8% in the third quarter. Burt Wealth Advisors now owns 1,416 shares of the company’s stock valued at $105,000 after buying an additional 272 shares in the last quarter. Wealthcare Capital Management LLC purchased a new stake in Dominion Resources during the second quarter valued at about $111,000. Bollard Group LLC increased its stake in Dominion Resources by 653.0% in the third quarter. Bollard Group LLC now owns 1,491 shares of the company’s stock valued at $111,000 after buying an additional 1,293 shares in the last quarter. Advisory Services Network LLC increased its stake in Dominion Resources by 14.4% in the second quarter. Advisory Services Network LLC now owns 1,513 shares of the company’s stock valued at $118,000 after buying an additional 191 shares in the last quarter. Finally, MCF Advisors LLC increased its stake in Dominion Resources by 26.6% in the second quarter. MCF Advisors LLC now owns 1,516 shares of the company’s stock valued at $118,000 after buying an additional 319 shares in the last quarter. 64.25% of the stock is owned by institutional investors.
Dominion Resources Company Profile