Dominion Resources Inc. (NYSE:D)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $78.51 and last traded at $78.17, with a volume of 998,716 shares. The stock had previously closed at $77.86.

D has been the topic of a number of analyst reports. Barclays PLC lifted their price objective on shares of Dominion Resources from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, March 18th. Zacks Investment Research raised shares of Dominion Resources from a “sell” rating to a “hold” rating in a report on Tuesday, April 12th. Deutsche Bank AG reaffirmed a “hold” rating and set a $72.00 price objective on shares of Dominion Resources in a report on Tuesday, April 19th. Vetr raised shares of Dominion Resources from a “buy” rating to a “strong-buy” rating and set a $80.44 price objective on the stock in a report on Wednesday, April 20th. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of Dominion Resources in a report on Tuesday, May 24th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $76.94.

The stock has a market cap of $48.63 billion and a price-to-earnings ratio of 24.89. The stock’s 50 day moving average price is $73.55 and its 200 day moving average price is $71.60.

Dominion Resources (NYSE:D) last released its earnings results on Wednesday, May 4th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. During the same period in the previous year, the firm earned $0.99 earnings per share. On average, equities analysts anticipate that Dominion Resources Inc. will post $3.79 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 20th. Investors of record on Friday, June 3rd were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, June 1st. This represents a $2.80 annualized dividend and a dividend yield of 3.55%.

Other large investors have added to or reduced their stakes in the company. Azimuth Capital Management LLC boosted its stake in Dominion Resources by 6.3% in the fourth quarter. Azimuth Capital Management LLC now owns 15,286 shares of the company’s stock valued at $1,034,000 after buying an additional 900 shares during the period. Haverford Trust Co. boosted its stake in Dominion Resources by 15.2% in the fourth quarter. Haverford Trust Co. now owns 15,565 shares of the company’s stock valued at $1,053,000 after buying an additional 2,052 shares during the period. Wedbush Securities Inc. boosted its stake in Dominion Resources by 7.3% in the fourth quarter. Wedbush Securities Inc. now owns 16,237 shares of the company’s stock valued at $1,098,000 after buying an additional 1,107 shares during the period. SVA Plumb Wealth Management LLC boosted its stake in Dominion Resources by 12.9% in the fourth quarter. SVA Plumb Wealth Management LLC now owns 17,537 shares of the company’s stock valued at $1,186,000 after buying an additional 1,999 shares during the period. Finally, Girard Partners LTD. boosted its stake in Dominion Resources by 11.4% in the fourth quarter. Girard Partners LTD. now owns 19,441 shares of the company’s stock valued at $1,315,000 after buying an additional 1,982 shares during the period.

Dominion Resources, Inc (Dominion) is a holding company. The Company 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 through three segments: Dominion Virginia Power (DVP), Dominion Generation and Dominion Energy.

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