Jefferies & Co Upgrades Dominion Resources to Buy (D)

By admin | 6 years ago

Dominion Resources (NYSE: D) was upgraded by investment analysts at Jefferies & Co from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Shares of Dominion Resources opened at 51.89 on Thursday. Dominion Resources has a one year low of $44.50 and a one year high of $53.68. The company has a market cap of $29.655 billion and a P/E ratio of 20.86.

Dominion Resources last issued its quarterly earnings data on Thursday, April 26th. The company reported $0.85 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.86 by $0.01. On average, analysts predict that Dominion Resources will post $1.01 earnings per share next quarter.

D has been the subject of a number of other recent research reports. Analysts at Jefferies Group (NYSE: JEF) upgraded shares of Dominion Resources from a “hold” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $58.00 price target on the stock. Analysts at ISI Group raised their price target on shares of Dominion Resources from $51.00 to $52.00 in a research note to investors on Monday, April 30th. They now have a “hold” rating on the stock.

Dominion Resources, Inc. (Dominion) is a producer and transporter of energy. The Company’s portfolio of assets includes approximately 27,500 megawatts of generation; 6,000 miles of electric transmission lines; 56,000 miles of electric distribution lines in Virginia and North Carolina; 12,000 miles of natural gas transmission, gathering and storage pipeline; 21,700 miles of gas distribution pipeline, exclusive of service lines of two inches in diameter or less, and 1.

About the author