Company Update (NYSE:D): Dominion’s Expanded EnergyShare Program Helps More Than 12,000 Virginians Pay Energy Bills and Weatherize Homes since September

[PR Newswire] – RICHMOND, Va., June 30, 2016 /PRNewswire/ — Dominion Virginia Power’s expanded EnergyShare program has already helped 10,740 families and individuals with bill payment assistance and weatherized 1,600 homes across Virginia in less than one year. “We are thrilled to report that our expanded EnergyShare program is succeeding in its mission to provide more energy assistance and sustainable energy savings to vulnerable individuals across Virginia,” said Robert M. Blue, president of Dominion Virginia Power. While EnergyShare has provided energy assistance to low-income and elderly Virginians since 1982, the program was expanded in funding and scope on Sept. 1, 2015, in accordance with Senate Bill 1349 and an executive directive by Gov. McAuliffe. Read more on this. Dominion Resources, Inc. (D) , valued at $48.02B, started the session at $76.65. A quick look at the market, the company’s stock traded between $76.47 and $77.93 and has traded between $64.54 and $77.93 over the past 12 months. Priced at 20.16x this year’s forecasted earnings, D shares are relatively expensive compared to the industry’s 15.26x forward p/e ratio. The company pays shareholders $2.80 per share annually in dividends, yielding 3.78%. Consensus earnings for the current quarter by the 10 sell-side analysts covering the stock is an estimate of $0.74 per share, which would be $0.01 better than the year-ago quarter and a $0.04 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.79, which would be a $0.35 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.99 Billion. If reported, that would be a 8.73% increase over the year-ago quarter. More recently, JP Morgan downgraded D from Overweight to Neutral (Jun 16, 2016). Previously, Citigroup downgraded D from Buy to Neutral. Investors should keep in mind is that the average price target is $77.93, which is 1.67% above where the stock opened this morning. See more in (NYSE:D) Similar Articles: Stock Update (NYSE:D): Public-Private Partnership among Commonwealth of Virginia, Microsoft and Dominion Delivers Additional Solar Energy to the State Company Update: Dominion Resources Inc (NYSE:D) – Dominion Virginia Power Resumes Appliance Recycling Program Company Update (NYSE:D): Dominion Resources and the Library of Virginia Honor Eight African-American ‘Strong Men & Women in Virginia History’