Dominion Resources (D) : Average target price received by Dominion Resources (D) is $79.71 with an expected standard deviation of $3.99. The most aggressive target on the stock is $83, whereas the most downbeat target is $72. 7 financial analysts are currently covering the stock.
Dominion Resources (D) stated gains of 2,967,428 shares or 18.3% in the short interest. The short interest registered from 16,218,994 on June 15,2016 to 19,186,422 on June 30,2016. In terms of floated shares, the shorted positions stood at 3.1%. The stock has been averaging 3,809,134 shares daily in trading and would need 5 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Major Brokerage house, JP Morgan downgrades its ratings on Dominion Resources (NYSE:D). In the latest research report, JP Morgan raises the target price from $76 per share to $81 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on June 16, 2016.
Dominion Resources (NYSE:D): On Thursdays trading session , Opening price of the stock was $77.3 with an intraday high of $77.49. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $76.96. However, the stock managed to close at $77.14, a loss of 0.81% for the day. On the previous day, the stock had closed at $77.77. The total traded volume of the day was 2,250,944 shares.
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.