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Stock Update (NYSE:D): Longtime Questar Executives Chosen to Head Dominion Questar

[PR Newswire] – RICHMOND, Va., April 27, 2016 /PRNewswire/ — Dominion ( NYSE:D ) has chosen longtime Questar Corp. (STR) executive Craig C. Wagstaff to lead its western U.S. natural gas operations once the previously announced combination of Dominion and Questar is completed. Wagstaff, currently president of Questar Gas Co., will become president of Dominion Questar. Dominion Questar will be based at the current Questar corporate headquarters in Salt Lake City. Read more on this. Dominion Resources, Inc. (D) , valued at $42.18B, began trading this morning at $70.14. Looking at today’s market, D one day range is $70.03 to $70.83 with the price of the stock fluctuating between $64.54 to $76.59 over the last 52 weeks. D shares are currently priced at 18.52x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.86x earnings multiple. And for passive income investors, the company pays shareholders $2.80 per share annually in dividends, yielding 4.00%. Consensus earnings for the current quarter by the 12 sell-side analysts covering the stock is an estimate of $0.94 per share, which would be $0.05 worse than the year-ago quarter and a $0.05 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.79 would be a $0.35 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.45 Billion. If reported, that would be a 1.17% 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. Given all the information above, we should disclose to readers that the average price target is $77.60, which is 10.64% above than it opened this morning. See more in (NYSE:D) Similar Articles: Company Update (NYSE:D): Dominion, Questar File Merger Applications in Utah, Wyoming Stock Update (NYSE:D): Federal Trade Commission Grants Antitrust Approval of Proposed Combination of Dominion, Questar Stock Update: Dominion Resources Inc (NYSE:D) – SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Questar Corporation of an Investigation Concerning the Fairness of the Sale of the Company to Dominion Resources, Inc. – STR
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