Goldman Sachs Raises EPS Estimates on Dominion Resources

A report from Goldman Sachs reiterates its Neutral rating and $47 price target on Dominion Resources (NYSE: D). It also raises 2011/12/13 EPS estimates to $3.06/3.22/3.53.

The report states, “After 3Q2011 reporting, we raise our EPS estimates but remain Neutral on D – preferring among large caps names such as PPL, PEG and EIX. We revise our 2011-2014 projections to reflect: (1) slightly higher earnings potential at VEPCO and (2) slightly lower interest costs, offset by (3) slightly lower expectations at Dominion Energy's producer services segment and Dominion's retail business."

D closed yesterday at $51.59.