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Bank of America (Merrill Lynch) upgraded Dominion Resources Inc. (NYSE:D) from Neutral to Buy in a report released today.

Yesterday Dominion Resources Inc. (NYSE:D) traded -0.04% lower at $82.01. The company’s 50-day moving average is $78.12 and its 200-day moving average is $78.19. The last closing price is up 2.76% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time. 1,846,132 shares of the stock were exchanged, down from an average trading volume of 2,114,610

Bank of America (Merrill Lynch) has upgraded Dominion Resources Inc. (NYSE:D) from Neutral to Buy in a report released on 11/22/2017.

Previously on 10/24/2017, Bank of America (Merrill Lynch) reported on Dominion Resources Inc. (NYSE:D) raised the target price from $0.00 to $80.00. At the time, this indicated a possible downside of 0.00%.

See Chart Below

Dominion Resources Inc. (NYSE:D)

Dominion Resources Inc. has a 52 week low of $69.51 and a 52 week high of $81.65 with a P/E ratio of 23.26 The company’s market cap is currently $0.

In addition to Bank of America (Merrill Lynch) reporting its target price, a total of 15 brokers have issued a report on the stock. The consensus target price is $78.20 with 4 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 12 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Dominion Resources Inc. (NYSE:D)

Dominion Energy, Inc., formerly Dominion Resources, Inc., is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other. The DVP segment includes regulated electric distribution and regulated electric transmission. The Dominion Generation segment includes regulated electric fleet and merchant electric fleet. The Dominion Energy segment includes gas transmission and storage, gas gathering and processing, liquefied natural gas import and storage, and nonregulated retail energy marketing. As of December 31, 2016, Dominion served utility and retail energy customers, and operated an underground natural gas storage system with approximately one trillion cubic feet of storage capacity.

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