Dominion Resources (D) Receiving Favorable News Coverage, Report Shows

Headlines about Dominion Resources (NYSE:D) have trended positive recently, according to Alpha One Sentiment. The research group, a division of Accern, ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Dominion Resources earned a news sentiment score of 0.26 on Alpha One’s scale. Alpha One also assigned news articles about the utilities provider an impact score of 34 out of 100, indicating that recent news coverage is unlikely to have an impact on the company’s share price in the near future.

These are some of the news articles that may have effected Alpha One Sentiment’s scoring:

D has been the subject of a number of analyst reports. Credit Suisse Group AG initiated coverage on Dominion Resources in a research report on Wednesday, January 25th. They issued an “outperform” rating and a $81.00 price target for the company. Zacks Investment Research downgraded Dominion Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, March 21st. Royal Bank of Canada restated a “hold” rating and issued a $77.00 price target on shares of Dominion Resources in a research report on Thursday, February 16th. Deutsche Bank AG lifted their target price on Dominion Resources from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Finally, Barclays PLC reiterated an “overweight” rating and set a $89.00 target price (up from $80.00) on shares of Dominion Resources in a research report on Sunday, April 23rd. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $80.11.

Dominion Resources (NYSE:D) traded down 0.41% during trading on Friday, reaching $78.00. The company’s stock had a trading volume of 1,262,964 shares. Dominion Resources has a 1-year low of $69.51 and a 1-year high of $79.36. The stock has a market capitalization of $49.06 billion, a PE ratio of 21.84 and a beta of 0.25. The stock has a 50 day moving average price of $77.66 and a 200 day moving average price of $75.66.

Dominion Resources (NYSE:D) last announced its quarterly earnings data on Thursday, May 4th. The utilities provider reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.01. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.49 billion. Dominion Resources had a return on equity of 15.42% and a net margin of 18.09%. Dominion Resources’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 earnings per share. Analysts anticipate that Dominion Resources will post $3.66 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Friday, June 2nd will be issued a dividend of $0.775 per share. The ex-dividend date is Wednesday, May 31st. This is a positive change from Dominion Resources’s previous quarterly dividend of $0.76. This represents a $3.10 annualized dividend and a dividend yield of 3.96%. Dominion Resources’s dividend payout ratio is 81.40%.

In other news, Director John W. Harris sold 5,697 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $76.55, for a total transaction of $436,105.35. Following the completion of the transaction, the director now directly owns 22,503 shares of the company’s stock, valued at $1,722,604.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is currently owned by corporate insiders.

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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.

5 Day Chart for NYSE:D

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