Barclays likes Dominion Resources' prospects in 2014

|About: Dominion Resources, Inc. (D)|By:, SA News Editor

Looking for a utility play to usher in the new year? Barclays recommends Dominion (D -0.2%).

"The core electric utility in Virginia is a premium business ... and grows at above-average 5%-plus rates with a clear regulatory path for four years," Barclays says, adding that "the midstream business is growing even faster, at 28% LTM Y/Y with an announced MLP offering in 2014."

Price target is $73.

D is the firm's only utility pick for 2014.