Company Update (NYSE:D): Dominion’s Support for Military Receives More Accolades

[PR Newswire] – RICHMOND, Va., April 13, 2016 /PRNewswire/ — Dominion, an award-winning military employer, continues to earn recognition for its strong support of active military, veterans and retired military through its job hiring practices and supportive work environment for military service members. “Dominion is built on a proud legacy of public service, community involvement and workplace safety,” said Thomas F. Farrell, II, Chairman, President and CEO of Dominion Resources, Inc. “Military personnel bring with them the same values and work ethic. The most recent recognition is the “Employer Support of the Guard and Reserves, or ESGR, Extraordinary Employer Support Award.” This Department of Defense award recognizes sustained employer support of the National Guard and Reserve service by prior recipients of the Secretary of Defense Freedom Award, of which Dominion won in 2008. Read more on this. Dominion Resources, Inc. (D) , valued at $43.29B, started the session at $73.44. Looking at the equity, the company’s one day range is $72.40 to $73.44 with a trailing 52-week range being $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 16.76x forward p/e ratio. And for passive income investors, the company pays shareholders $2.80 per share annually in dividends, yielding 3.83%. In a review of the consensus earnings estimate this quarter, 8 sell-side analysts are looking at $0.96 per share, which would be $0.03 worse than the year-ago quarter and a $0.04 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.81 would be a $0.37 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.43 Billion. If reported, that would be a 0.59% increase over the year-ago quarter. In terms of ratings, Citigroup downgraded D from Buy to Neutral (Feb 2, 2016). Previously, Scotia Howard Weil Initiated D at to Sector Outperform. The average price target for D shares by the analysts covering the stock is $77.20, which is 5.12% above where the stock opened this morning. See more in (NYSE:D) Similar Articles: Company Update (NYSE:D): Dominion Resources and the Library of Virginia Honor Eight African-American ‘Strong Men & Women in Virginia History’ 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