Equities analysts expect Dominion Resources, Inc. (NYSE:D) to post earnings per share of $0.93 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Dominion Resources’ earnings, with estimates ranging from $0.80 to $1.02. Dominion Resources posted earnings of $0.96 per share during the same quarter last year, which would suggest a negative year over year growth rate of 3.1%. The company is scheduled to report its next quarterly earnings results before the market opens on Thursday, May 4th.

On average, analysts expect that Dominion Resources will report full year earnings of $3.67 per share for the current year, with EPS estimates ranging from $3.58 to $3.75. For the next financial year, analysts expect that the company will post earnings of $4.08 per share, with EPS estimates ranging from $3.92 to $4.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Dominion Resources.

Dominion Resources (NYSE:D) last announced its earnings results on Wednesday, February 1st. The utilities provider reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by $0.01. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.84 billion. Dominion Resources had a net margin of 18.09% and a return on equity of 15.42%. Dominion Resources’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.70 EPS.

D has been the topic of a number of recent analyst reports. Zacks Investment Research cut Dominion Resources from a “hold” rating to a “sell” rating in a report on Tuesday, March 21st. Credit Suisse Group AG initiated coverage on Dominion Resources in a report on Wednesday, January 25th. They set an “outperform” rating and a $81.00 price target on the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $79.00 price target on shares of Dominion Resources in a report on Wednesday, January 4th. Deutsche Bank AG lifted their price target on Dominion Resources from $74.00 to $76.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Finally, Evercore ISI initiated coverage on Dominion Resources in a report on Thursday, January 5th. They set a “hold” rating on the stock. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Dominion Resources has an average rating of “Hold” and a consensus target price of $79.64.

In other Dominion Resources news, Director John W. Harris sold 5,697 shares of Dominion Resources stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $76.55, for a total transaction of $436,105.35. Following the transaction, the director now directly owns 22,503 shares in the company, valued at approximately $1,722,604.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Diane Leopold sold 3,000 shares of Dominion Resources stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $71.67, for a total transaction of $215,010.00. Following the transaction, the insider now owns 42,926 shares in the company, valued at $3,076,506.42. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.

A number of institutional investors have recently bought and sold shares of D. Norway Savings Bank bought a new position in Dominion Resources during the fourth quarter valued at approximately $100,000. Burt Wealth Advisors raised its stake in Dominion Resources by 23.8% in the third quarter. Burt Wealth Advisors now owns 1,416 shares of the utilities provider’s stock valued at $105,000 after buying an additional 272 shares during the last quarter. Bollard Group LLC raised its stake in Dominion Resources by 653.0% in the third quarter. Bollard Group LLC now owns 1,491 shares of the utilities provider’s stock valued at $111,000 after buying an additional 1,293 shares during the last quarter. TLP Group LLC acquired a new stake in Dominion Resources during the third quarter valued at about $120,000. Finally, First Quadrant L P CA raised its stake in Dominion Resources by 576.7% in the third quarter. First Quadrant L P CA now owns 2,030 shares of the utilities provider’s stock valued at $151,000 after buying an additional 1,730 shares during the last quarter. Hedge funds and other institutional investors own 65.93% of the company’s stock.

Shares of Dominion Resources (NYSE:D) traded up 0.06% during midday trading on Thursday, reaching $77.99. The company’s stock had a trading volume of 2,540,680 shares. The stock has a market capitalization of $48.99 billion, a PE ratio of 22.67 and a beta of 0.25. Dominion Resources has a 12 month low of $68.71 and a 12 month high of $79.36. The stock’s 50 day moving average is $77.24 and its 200 day moving average is $74.89.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 20th. Shareholders of record on Friday, March 3rd were given a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 3.87%. This is a boost from Dominion Resources’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Wednesday, March 1st. Dominion Resources’s payout ratio is presently 81.40%.

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Dominion Resources Company Profile

Dominion Resources, Inc (Dominion) is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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