Dominion Resources (D) Gets a Buy Rating from Barclays

Barclays analyst Eric Beaumont maintained a Buy rating on Dominion Resources (DResearch Report) today and set a price target of $74.00. The company’s shares closed last Monday at $71.83.

According to TipRanks.com, Beaumont is a 3-star analyst with an average return of 1.0% and a 47.5% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Public Service Enterprise, and American Electric Power.

Currently, the analyst consensus on Dominion Resources is a Moderate Buy with an average price target of $81.56, representing a 21.2% upside. In a report issued on March 16, UBS also maintained a Buy rating on the stock with a $87.00 price target.

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The company has a one-year high of $90.89 and a one-year low of $57.79. Currently, Dominion Resources has an average volume of 3.87M.

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Dominion Energy, Inc. engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Power Delivery, Power Generation, and Gas Infrastructure. The Power Delivery segment regulates electric distribution and transmission. The Power Generation segment includes regulated electric fleet and merchant electric fleet. The Gas Infrastructure segment comprises gas transmission and storage, gas distribution and storage, liquefied natural gas import, and storage. The company was founded by William W. Berry in 1983 and is headquartered in Richmond, VA.