Company Update (NYSE:D): DVI Awarded Patent for Volt/VAR Optimization

[PR Newswire] – RICHMOND, Va., June 15, 2016 /PRNewswire/ — Dominion Voltage, Inc. (DVI), a grid optimization subsidiary of Dominion Resources, Inc. (NYSE: D), today announced that it was recently awarded a patent related … Read more on this. Dominion Resources, Inc. (D) , with a current value of $45.29B, began trading this morning at $73.69. Today, shares have traded between $73.24 and $74.00 per share and has traded between $64.54 and $76.59 over the past year. D shares are currently priced at 19.39x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.35x forward p/e ratio. And for passive income investors, the company pays shareholders $2.80 per share annually in dividends, yielding 3.82%. In a review of the consensus earnings estimate this quarter, 9 sell-side analysts are looking at $0.74 per share, which would be $0.01 better than the year-ago quarter and a $0.04 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.80 would be a $0.36 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.01 Billion. If realized, that would be a 9.45% 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. When considering if perhaps the stock is under or overvalued, the average price target is $77.75, which is 5.51% above where the stock opened this morning. See more in (NYSE:D) Similar Articles: Company Update (NYSE:D): Dominion, Questar File Merger Applications in Utah, Wyoming 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 Declares Quarterly Dividend of 70 Cents