Company Update (NYSE:D): Dominion Recognized As Founding Partner In EPA’s Methane Reduction Strategy

[PR Newswire] – RICHMOND, Va., March 30, 2016 /PRNewswire/ — Dominion ( NYSE:D ) was recognized today by the U.S. Environmental Protection Agency as a Founding Partner in the EPA’s Natural Gas STAR Methane Challenge Program, which will provide a new mechanism for oil and natural gas companies to measure and reduce methane emissions. The voluntary Methane Challenge is one of the key elements of President Obama’s Climate Action Plan announced in March 2014. “By participating in this program, Dominion will continue to demonstrate a leadership position to achieve sustainable environmental improvements while at the same time operating our businesses in a safe and reliable manner,” said, Diane Leopold, president, Dominion Energy. Read more on this. Dominion Resources, Inc. (D) , currently valued at $44.50B, started the session at $74.79. Today’s price range has been between $74.10 and $74.87 per share with a one year range of $64.54 to $76.59. D shares are currently priced at 19.22x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.94x earnings multiple. And for passive income investors, the company pays shareholders $2.80 per share annually in dividends, yielding 3.81%. According to a consensus of 8 analysts, the earnings estimate of $0.96 per share would be $0.03 worse than the year-ago quarter and a $0.04 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.82, which would be a $0.38 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.49 Billion. If reported, that would be a 2.35% 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 $76.63, which is 2.46% above where the stock opened this morning. See more in (NYSE:D) Similar Articles: Company Update: Dominion Resources Inc (NYSE:D) – Dominion to Award $1 Million in Environmental Grants Company Update: Dominion Resources Inc (NYSE:D) – Dominion Declares Quarterly Dividend of 70 Cents Market Update: Dominion Resources Inc (NYSE:D) – Dominion And Dominion Midstream Schedule Third-Quarter Earnings Conference Call