Dominion Resources Receives Market Perform Rating from Sanford C. Bernstein (D)
Dominion Resources (NYSE: D)‘s stock had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Tuesday, Analyst Ratings Network reports. They currently have a $48.00 price objective on the stock. Sanford C. Bernstein’s price target would indicate a potential downside of 13.59% from the stock’s previous close.
Shares of Dominion Resources (NYSE: D) traded down 0.02% during mid-day trading on Tuesday, hitting $55.54. Dominion Resources has a 52 week low of $48.94 and a 52 week high of $61.85. The stock’s 50-day moving average is currently $59.85. The company has a market cap of $32.084 billion and a P/E ratio of 105.41.
Dominion Resources (NYSE: D) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.83 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.90 by $0.07. During the same quarter in the previous year, the company posted $0.85 earnings per share. Dominion Resources has set its FY13 guidance at $3.20-3.50 EPS. Analysts expect that Dominion Resources will post $3.37 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Dominion Resources in a research note to investors on Tuesday, May 28th. They now have a $62.00 price target on the stock. Separately, analysts at Ned Davis Research downgraded shares of Dominion Resources from a “neutral” rating to a “sell” rating in a research note to investors on Monday, May 13th. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Dominion Resources in a research note to investors on Tuesday, May 7th. They now have a $61.00 price target on the stock.
Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $67.46.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 20th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.56 per share. This represents a $2.25 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Wednesday, June 5th.
Dominion Resources, Inc. (NYSE: D) is a producer and transporter of energy.
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