Morgan Stanley Keeps Their Hold Rating on Dominion Resources (D)
Morgan Stanley analyst Stephen Byrd maintained a Hold rating on Dominion Resources (D) today and set a price target of $87.00. The company’s shares closed last Monday at $82.14, close to its 52-week high of $82.59.
According to TipRanks.com, Byrd is a 1-star analyst with an average return of -0.7% and a 54.8% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Consolidated Edison, Inc., and American Electric Power.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dominion Resources with a $85.50 average price target.
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Dominion Resources’ market cap is currently $67.23B and has a P/E ratio of 56.03. The company has a Price to Book ratio of 2.52.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of D in relation to earlier this year.
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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.