J.P. Morgan Sticks to Its Hold Rating for Dominion Resources


In a report released today, Christopher Turnure from J.P. Morgan maintained a Hold rating on Dominion Resources (NYSE: D), with a price target of $62. The company’s shares opened today at $61.79, close to its 52-week low of $61.53.

According to TipRanks.com, Turnure is a 3-star analyst with an average return of 1.7% and a 61.1% success rate. Turnure covers the Utilities sector, focusing on stocks such as Edison International, Atmos Energy Corp, and Black Hills Corp.

Dominion Resources has an analyst consensus of Moderate Buy, with a price target consensus of $74.

See today’s analyst top recommended stocks >>

Based on Dominion Resources’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.48 billion and net profit of $503 million. In comparison, last year the company earned revenue of $3.32 billion and had a net profit of $632 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts