Short Term Price Target on Dominion Resources (D)

Dominion Resources (NYSE:D) : The most positive equity analysts on Dominion Resources (NYSE: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.

Shares of Dominion Resources, Inc. rose by 5.38% in the last five trading days and 8.72% for the last 4 weeks. Dominion Resources, Inc. is up 4.38% in the last 3-month period. Year-to-Date the stock performance stands at 17.52%. Also, JP Morgan downgrades their rating on the shares of Dominion Resources (NYSE:D). The current rating of the shares is Neutral. Earlier, the shares were rated a Overweight by the brokerage firm. Equity Analysts at the Firm raises the price target to $81 per share from $76 per share. The rating by the firm was issued on June 16, 2016.

Dominion Resources (NYSE:D) : 13 analysts are covering Dominion Resources (NYSE:D) and their average rating on the stock is 2.12, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Dominion Resources (NYSE:D) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Dominion Resources (NYSE:D): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.65 and $76.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.93, notching a gain of 1.99% for the day. The total traded volume was 3,348,224 . The stock had closed at $76.41 on the previous day.

In an insider trading activity,The officer (Senior Vice President) of Dominion Resources Inc /Va/, Blue Robert M sold 3,088 shares at $70.13 on February 5, 2016. The Insider selling transaction had a total value worth of $216,561. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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