UBS Maintains a 'Neutral' on Dominion Resources (D); Maintains Guidance Despite Weather & Loads
Tweet
Share
E-mailGet Alerts D Hot Sheet
Price: $68.77 +0.34%
Rating Summary:
4 Buy, 23 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 23 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
UBS maintains a 'Neutral' on Dominion Resources, Inc. (NYSE: D) price target of $52.00 (from $54.00).
Analyst, Julien Dumoulin-Smith, said, "Management maintained its $3.10-3.25 2012 EPS guidance range despite a -$0.16 negative weather impact in the quarter and lower weather-adj. sales guidance (1-2% vs. 2-2.5% previously)." (UBS lowers FY12 EPS estimate from $3.14 to $3.09)
"Mgmt reiterated its confidence in its ability to avoid tripping another over-earning determination for its ’11-’12 biennual review. Notable items in 2012 incl $150 Mn for weather and $74 Mn for the June storms on a pre-tax basis. Also incl in this calculation is a $283 Mn generation impairment recognized in 2011. We continue to believe the VA Supreme Court Case remains the most important event in 2H12. Hearings are scheduled for the week of Sept 10th, with a decision in early Nov; a favorable decision would increase D’s authorized ROE by 0.46%."
For an analyst ratings summary and ratings history on Dominion Resources, Inc. click here. For more ratings news on Dominion Resources, Inc. click here.
Shares of Dominion Resources, Inc. closed at $54.01 yesterday.
Analyst, Julien Dumoulin-Smith, said, "Management maintained its $3.10-3.25 2012 EPS guidance range despite a -$0.16 negative weather impact in the quarter and lower weather-adj. sales guidance (1-2% vs. 2-2.5% previously)." (UBS lowers FY12 EPS estimate from $3.14 to $3.09)
"Mgmt reiterated its confidence in its ability to avoid tripping another over-earning determination for its ’11-’12 biennual review. Notable items in 2012 incl $150 Mn for weather and $74 Mn for the June storms on a pre-tax basis. Also incl in this calculation is a $283 Mn generation impairment recognized in 2011. We continue to believe the VA Supreme Court Case remains the most important event in 2H12. Hearings are scheduled for the week of Sept 10th, with a decision in early Nov; a favorable decision would increase D’s authorized ROE by 0.46%."
For an analyst ratings summary and ratings history on Dominion Resources, Inc. click here. For more ratings news on Dominion Resources, Inc. click here.
Shares of Dominion Resources, Inc. closed at $54.01 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Solar Industries (SOIL:IN) PT Raised to INR23,500 at ICICI Securities
- Zedcor Inc (ZDC:CN) PT Raised to Cdn$7.75 at Desjardins
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
