Dominion Resources (D) : Analyst Rating Update

Dominion Resources (D) has an average broker rating of 2.12, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Dominion Resources (D) : The most positive equity analysts on Dominion Resources (D) expects the shares to touch $83, whereas, the least positive believes that the stock will trade at $71 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $78.86 with an expected fluctuation of $5.15 from the mean.

Dominion Resources (NYSE:D): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.45 and $78.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.92, notching a gain of 0.60% for the day. The total traded volume was 2,949,078 . The stock had closed at $78.45 on the previous day.

Also, JP Morgan downgrades its rating on Dominion Resources (NYSE:D). The global brokerage major raises the current price target from $76 per share to $81 per share. Analysts at the JP Morgan have a current rating of Neutral on the shares. The shares were previously rated Overweight. The rating by the firm was issued on June 16, 2016. The company shares have rallied 12.99% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $78.52 and the one year low was seen on Dec 11, 2015. The 50-Day Moving Average price is $73.31 and the 200 Day Moving Average price is recorded at $71.54.

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 24,600 megawatt (MW) of generating capacity; 6,400 miles of electric transmission lines; 57,100 miles of electric distribution lines; 10,900 miles of natural gas transmission, gathering and storage pipeline, and 21,900 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.

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