Dominion Resources (D) is Reiterated by UBS to Neutral, Raises Price Target to $ 77

Dominion Resources (D) was Reiterated by UBS to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 77 from a previous price target of $74 . UBS advised their investors in a research report released on Jul 6, 2016.

Many Wall Street Analysts have commented on Dominion Resources. Dominion Resources was Downgraded by JP Morgan to ” Neutral” on Jun 16, 2016.

On the company’s financial health, Dominion Resources reported $0.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.94.Analysts expectations of $ 3450.99.During the same quarter in the previous year, the company posted $0.99 EPS.

Dominion Resources opened for trading at $78 and hit $78.515 on the upside on Tuesday, eventually ending the session at $78.45, with a gain of 0.76% or 0.59 points. The heightened volatility saw the trading volume jump to 24,70,164 shares. Company has a market cap of $48,342 M.

In a different news, on Feb 5, 2016, Robert M Blue (Senior Vice President) sold 3,088 shares at $70.13 per share price. According to the SEC, 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 Company’s 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. Dominion’s 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.

Dominion Resources

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