Company Update: Dominion Resources Inc (NYSE:D) – Dominion to Award $1 Million in Environmental Grants

[PR Newswire] – RICHMOND, Va., Feb. 2, 2016 /PRNewswire/ — Dominion Resources announced today that it will provide $1 million in environmental stewardship grants through the Dominion Foundation, the company’s philanthropic arm. The competitive program is designed to support specific short-term projects by nonprofit organizations working to improve the environment in communities served by Dominion companies . “Each year Dominion partners with a broad range of nonprofits to fund meaningful environmental projects that preserve, enhance or make nature more accessible within our communities,” said Hunter A. Applewhite, president of the Dominion Foundation. Read more on this. Dominion Resources, Inc. (D) , with a current market cap of $41.61B, started trading this morning at $69.24. Looking at today’s trading action, the company’s one day range from $68.62 to $70.10 with its 52-week range being $64.54 to $78.88. D shares are currently priced at 18.23x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 8.71x earnings multiple. And for dividend hunters, the company pays shareholders $2.80 per share annually in dividends, yielding 3.88%. In a review of the consensus earnings estimate this quarter, 7 sell-side analysts are looking at $0.97 per share, which would be $0.02 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $3.85 which would be a $0.41 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.52 Billion. If realized, that would be a 3.23% increase over the year-ago quarter. More recently, Citigroup downgraded D from Buy to Neutral (Feb 2, 2016). Previously, Scotia Howard Weil Initiated D at to Sector Outperform. With the above information in mind, readers should note that the average price target is $77.29, which is 11.63% above where the stock opened this morning. See more in (NYSE:D) Similar Articles: Stock Update: Dominion Resources Inc (NYSE:D) – SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Questar Corporation of an Investigation Concerning the Fairness of the Sale of the Company to Dominion Resources, Inc. – STR Company Update: Dominion Resources Inc (NYSE:D) – Dominion Declares Quarterly Dividend of 70 Cents Company Update: Dominion Resources Inc (NYSE:D) – Dominion Resources, Inc., Recommends Shareholder Rejection of ‘Mini-Tender’ Offer By TRC Capital Corporation
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