Dominion Resources (D) is Reiterated by Barclays to Overweight, Raises Price Target to $ 84

Dominion Resources (D) was Reiterated by Barclays to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 84 from a previous price target of $80 . Barclays advised their investors in a research report released on Sep 26, 2016.

Many Wall Street Analysts have commented on Dominion Resources. Dominion Resources was Downgraded by Morgan Stanley to ” Equal-Weight” on Aug 8, 2016. 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 .

On the company’s financial health, Dominion Resources reported $0.71 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.71. The company had revenue of $2598.00 million for the quarter, 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.

Dominion Resources opened for trading at $77 and hit $77.32 on the upside on Thursday, eventually ending the session at $77.04, with a gain of 0.38% or 0.29 points. The heightened volatility saw the trading volume jump to 20,83,062 shares. Company has a market cap of $48,209 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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