Shares of Dominion Resources Inc. (NYSE:D) have earned an average rating of “Hold” from the twelve analysts that are presently covering the stock. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $77.56.
D has been the topic of a number of recent research reports. Canaccord Genuity reaffirmed a “hold” rating on shares of Dominion Resources in a research note on Friday, August 12th. Deutsche Bank AG reaffirmed a “hold” rating and set a $73.00 price target on shares of Dominion Resources in a research note on Thursday, August 25th. Citigroup Inc. decreased their price target on shares of Dominion Resources from $78.00 to $74.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 4th. Morgan Stanley downgraded shares of Dominion Resources from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $82.00 to $79.00 in a research note on Monday, August 8th. They noted that the move was a valuation call. Finally, Barclays PLC increased their target price on shares of Dominion Resources from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, September 26th.
In related news, Director Ron W. Jibson purchased 3,500 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were purchased at an average cost of $70.98 per share, for a total transaction of $248,430.00. Following the completion of the acquisition, the director now owns 1,142 shares in the company, valued at approximately $81,059.16. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.37% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Burt Wealth Advisors boosted its position in shares of 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 during the last quarter. Wealthcare Capital Management LLC acquired a new position in shares of Dominion Resources during the second quarter valued at about $111,000. Bollard Group LLC boosted its position in shares of 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 during the last quarter. Advisory Services Network LLC boosted its position in shares of 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 during the last quarter. Finally, MCF Advisors LLC boosted its position in shares of 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 during the last quarter. Institutional investors own 64.73% of the company’s stock.
Shares of Dominion Resources (NYSE:D) traded up 1.58% during midday trading on Monday, hitting $75.12. 1,039,192 shares of the stock were exchanged. Dominion Resources has a 12 month low of $64.54 and a 12 month high of $78.97. The firm has a 50 day moving average of $72.86 and a 200-day moving average of $74.37. The stock has a market cap of $47.08 billion, a P/E ratio of 22.64 and a beta of 0.22.
Dominion Resources (NYSE:D) last released its quarterly earnings results on Monday, October 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.28 billion. Dominion Resources had a net margin of 18.05% and a return on equity of 14.48%. Dominion Resources’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Equities research analysts anticipate that Dominion Resources will post $3.80 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Friday, December 2nd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Wednesday, November 30th. Dominion Resources’s payout ratio is presently 84.59%.