Dominion Resources (D) Releases Earnings Results, Reports EPS of $0.71 EPS

Dominion Resources (D) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.71 EPS for the quarter. Analysts had a consensus estimate of $0.71. The company posted revenue of $2598.00 million in the period, compared to analysts expectations of $2918.93 million. The company’s revenue was down -5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Many Wall Street Analysts have commented on Dominion Resources. Company shares were Reiterated by UBS on Jul 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 77 from a previous price target of $74 .Dominion Resources was Downgraded by JP Morgan to ” Neutral” on Jun 16, 2016.

Dominion Resources closed down -0.21 points or -0.27% at $77.37 with 26,28,545 shares getting traded on Tusday. Post opening the session at $77.32, the shares hit an intraday low of $76.63 and an intraday high of $77.58 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

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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