Company Update: Dominion Resources Inc (NYSE:D) – Dominion Virginia Power Resumes Appliance Recycling Program

[PR Newswire] – RICHMOND, Va., March 9, 2016 /PRNewswire/ — Dominion Virginia Power is resuming its Residential Appliance Recycling Program after a brief hiatus. Customers can once again enroll in this program and have their old, operational refrigerators and freezers picked up and recycled at no cost to them. “This energy conservation program has proven to be popular with our customers, with thousands of them participating since it began last summer,” said Brett Crable, director-New Technology and Energy Conservation. Read more on this. Dominion Resources, Inc. (D) , with a current market cap of $42.70B, opened this morning at $71.70. Today’s price range has been between $71.60 and $72.33 per share with a trailing 52-week range being $64.54 to $76.59. Priced at 18.77x this year’s forecasted earnings, D shares are relatively expensive compared to the industry’s 16.21x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.80 per share annually in dividends, yielding 3.96%. In a review of the consensus earnings estimate this quarter, 7 sell-side analysts are looking at $0.95 per share, which would be $0.04 worse than the year-ago quarter and a $0.05 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. In terms of ratings, Citigroup downgraded D from Buy to Neutral (Feb 2, 2016). Previously, Scotia Howard Weil Initiated D at to Sector Outperform. When considering if the stock is under or overvalued, the average price target is $76.69, which is 6.96% above where the stock opened this morning. See more in (NYSE:D) Similar Articles: Company Update: Dominion Resources Inc (NYSE:D) – Dominion Virginia Power, SunEnergy1 to Install Largest Solar Facility in Hampton Roads Company Update (NYSE:D): Dominion Resources and the Library of Virginia Honor Eight African-American ‘Strong Men & Women in Virginia History’ Stock Update: Dominion Resources Inc (NYSE:D) – Dominion Virginia Power Plans $9.5 Billion in Infrastructure and Upgrade Expenditures