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Dominion Resources: Will It Post Strong 1Q17 Earnings?

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Part 7
Dominion Resources: Will It Post Strong 1Q17 Earnings? PART 7 OF 7

Analysts Are Positive about Dominion Resources

Analysts’ recommendations

Wall Street analysts expect flattish movement in Dominion Resources (D) over the next year. According to analysts’ estimates, it has a price target of $78.31—compared to its current market price of $78.07.

Of the 21 analysts tracking Dominion Resources, two recommended it as a “strong buy,” while four recommended it as a “buy.” The other 15 analysts recommended Dominion Resources as a “hold.” No analysts offered a “sell” recommendations on the stock as of April 25, 2017.

Analysts Are Positive about Dominion Resources

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According to Wall Street analysts’ estimates, renewables giant NextEra Energy (NEE) has a price target of $140.36—compared to its current market price of $133.02. It implies an estimated gain of 5.5%

In comparison, the consensus price target for Southern Company (SO) is $50.84. Its current market price is $49.98, which implies a rise of 1.7% over the next year.

Read Is Dominion Resources the Best Dividend Stock among Utilities? to learn more about Dominion Resources from dividend investors’ perspective.

For ongoing updates on the industry, visit Market Realist’s Power Utilities page.

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