A Director at Dominion Resources (NYSE: D) is Selling Shares

By Carrie Williams

Today, a Director at Dominion Resources (DResearch Report), Robert Spilman, sold shares of D for $92.34K.

Following Robert Spilman’s last D Sell transaction on February 24, 2015, the stock climbed by 14.0%. This is Spilman’s first transaction since reporting a Buy transaction on BSET back in April 2015

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Based on Dominion Resources’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $3.4 billion and quarterly net profit of $641 million. In comparison, last year the company earned revenue of $3.24 billion and had a net profit of $1.45 billion. D’s market cap is $51.97B and the company has a P/E ratio of 20.46. Currently, Dominion Resources has an average volume of 4.09M.

Based on 7 analyst ratings, the analyst consensus is Hold with an average price target of $74.58, reflecting a -2.3% downside.

The insider sentiment on Dominion Resources has been neutral according to 39 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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Dominion Energy, Inc. engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Power Delivery, Power Generation, and Gas Infrastructure.