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Last $68.09 USD
Change Today +0.29 / 0.43%
Volume 2.7M
As of 8:04 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

dominion resources inc/va (D) Snapshot

Open
$68.47
Previous Close
$67.80
Day High
$68.51
Day Low
$67.43
52 Week High
12/29/14 - $80.89
52 Week Low
10/15/14 - $65.53
Market Cap
40.5B
Average Volume 10 Days
4.1M
EPS TTM
$3.48
Shares Outstanding
594.3M
EX-Date
08/26/15
P/E TM
19.6x
Dividend
$2.59
Dividend Yield
3.73%
Current Stock Chart for DOMINION RESOURCES INC/VA (D)

dominion resources inc/va (D) Details

Dominion Resources, Inc. produces and transports energy in the United States. The company operates through three segments: Dominion Virginia Power (DVP), Dominion Generation, and Dominion Energy. The DVP segment engages in regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. The Dominion Generation segment is involved in electricity generation through coal, nuclear, gas, oil, hydro, and renewable sources; and related energy supply operations. It also comprises generation operations of the company’s merchant fleet and energy marketing, and price risk management activities for these assets, as well as non-regulated retail energy marketing operations. The Dominion Energy segment engages in regulated natural gas distribution operations, gas transmission pipeline and storage operations, natural gas gathering and processing activities, and liquefied natural gas operations. The company’s portfolio of assets includes approximately 24,600 megawatts of generating capacity; 6,400 miles of electric transmission lines; 57,100 miles of electric distribution lines; 10,900 miles of natural gas transmission, gathering, and storage pipelines; and 21,900 miles of gas distribution pipeline. As of December 31, 2014, it served approximately 5 million utility and retail energy customers in 10 states; and operated underground natural gas storage systems with approximately 947 billion cubic feet of storage capacity. In addition, the company sells electricity at wholesale prices to rural electric cooperatives, municipalities, and into wholesale electricity markets. Dominion Resources, Inc. was founded in 1909 and is headquartered in Richmond, Virginia.

14,400 Employees
Last Reported Date: 02/27/15
Founded in 1909

dominion resources inc/va (D) Top Compensated Officers

Executive Chairman, Chief Executive Officer a...
Total Annual Compensation: $1.4M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $747.9K
Executive Vice President and Chief Executive ...
Total Annual Compensation: $641.1K
Executive Vice President and Chief Executive ...
Total Annual Compensation: $635.6K
President of Dominion Nuclear and Chief Nucle...
Total Annual Compensation: $492.6K
Compensation as of Fiscal Year 2014.

dominion resources inc/va (D) Key Developments

SunEdison and Dominion to Establish Joint Venture for 420 Megawatt for Four Brothers Solar Project in Utah

SunEdison announced that it has signed a definitive agreement with Dominion to establish a joint venture for Four Brothers, a 420 megawatt (MW) DC, or 320 megawatt AC, solar project in Utah. The project, which is being developed by SunEdison, is now under construction and fully financed with an expected commercial operation date of mid-2016. Under the terms of the JV, Dominion will invest $500 million to acquire 50% of the cash equity and 99% of the tax equity in Four Brothers, including funding of construction. SunEdison will contribute the remaining portion of the capital required to complete the project, which it has fully financed through a $150 million four-year term loan with Deutsche Bank. The total $650 million financing package fully funds the project for completion and long-term ownership.

Dominion Resources, Inc. Announces Unaudited Preliminary Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015 and Affirms Earnings Guidance for the Full Year of 2015

Dominion Resources, Inc. announced unaudited preliminary earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating earnings of $429 million or $0.73 per diluted share compared to $361 million or $0.62 per diluted share for the same period a year ago. Reported earnings were $413 million or $0.70 per diluted share compared to $159 million or $0.27 per diluted share for the same period a year ago. The increase in second-quarter 2015 operating earnings per share as compared to second-quarter 2014 operating earnings per share is primarily attributable to the absence of a planned refueling outage at Millstone Power Station, higher revenues from growth projects and weather offset by normal operating expense growth. Earnings, adjusted for non-recurring costs, came to 73 cents per share. For the six months ended June 30, 2015, the company reported operating earnings of $1,013 million or $1.71 per diluted share compared to $968 million or $1.66 per diluted share for the same period a year ago. Reported earnings were $949 million or $1.60 per diluted share compared to $538 million or $0.92 per diluted share for the same period a year ago. Funds from operations were $2.1 billion for the first six months of the year. The company expects operating earnings guidance for the year 2015, to remain between $3.50 to $3.85 per share. For the third quarter of 2015, the company expects operating earnings in the range of $0.95 to $1.10 per share, compared to third-quarter 2014 operating earnings of 93 cents per share. Positive drivers for the third quarter of 2015 compared to the same period of the prior year include an expected return to normal weather in the electric service territory and higher revenues from growth projects offset by share dilution and higher operating expenses. GAAP earnings for the third quarter of 2014 were 90 cents per share. A reconciliation between operating and GAAP earnings for the third quarter of 2014 may be found on Schedule 3 of this release.

Dominion Resources Seeks Acquisitions

Dominion Resources, Inc. (NYSE:D) is seeking acquisitions. Mark Mcgettrick, Chief Financial Officer, said, "We continue to actively seek acquisitions to support DM's future growth. Interest by other parties has been active and we are optimistic of additional transactions this year.”

 

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Industry Analysis

D

Industry Average

Valuation D Industry Range
Price/Earnings 23.2x
Price/Sales 3.3x
Price/Book 3.2x
Price/Cash Flow 13.1x
TEV/Sales 1.0x
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