Dominion Energy (NYSE:D) Price Target Cut to $67.00 by Analysts at Credit Suisse Group

Dominion Energy (NYSE:D – Get Rating) had its price target lowered by Credit Suisse Group from $69.00 to $67.00 in a research note published on Tuesday morning, Benzinga reports. The firm currently has a neutral rating on the utilities provider’s stock.

A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Dominion Energy from $76.00 to $66.00 and set a neutral rating for the company in a research report on Wednesday, January 11th. Guggenheim decreased their price objective on shares of Dominion Energy from $90.00 to $75.00 in a report on Monday, October 24th. TheStreet lowered shares of Dominion Energy from a b- rating to a c+ rating in a report on Thursday, October 6th. UBS Group decreased their price objective on shares of Dominion Energy from $73.00 to $63.00 and set a neutral rating on the stock in a report on Tuesday, December 6th. Finally, Mizuho decreased their price objective on shares of Dominion Energy from $81.00 to $71.00 and set a neutral rating on the stock in a report on Thursday, October 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $72.00.

Dominion Energy Trading Down 0.8 %

Shares of D stock opened at $62.48 on Tuesday. Dominion Energy has a 52-week low of $57.18 and a 52-week high of $88.78. The stock has a market cap of $52.06 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 2.63 and a beta of 0.40. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.57 and a current ratio of 0.71. The firm has a fifty day moving average of $60.77 and a 200-day moving average of $70.33.

Dominion Energy (NYSE:D – Get Rating) last announced its earnings results on Friday, November 4th. The utilities provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.03. The business had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Dominion Energy had a net margin of 14.73% and a return on equity of 12.84%. The firm’s revenue for the quarter was up 38.1% on a year-over-year basis. During the same quarter last year, the company posted $1.11 EPS. On average, equities research analysts forecast that Dominion Energy will post 4.1 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Investors of record on Friday, December 2nd were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.27%. The ex-dividend date was Thursday, December 1st. Dominion Energy’s payout ratio is 95.70%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Congress Asset Management Co. MA raised its position in Dominion Energy by 3.6% in the 2nd quarter. Congress Asset Management Co. MA now owns 3,570 shares of the utilities provider’s stock valued at $285,000 after buying an additional 125 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in Dominion Energy by 1.2% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider’s stock valued at $903,000 after buying an additional 128 shares during the last quarter. Golden State Equity Partners raised its position in Dominion Energy by 1.7% in the 1st quarter. Golden State Equity Partners now owns 7,635 shares of the utilities provider’s stock valued at $649,000 after buying an additional 129 shares during the last quarter. Covestor Ltd raised its position in Dominion Energy by 49.8% in the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after buying an additional 131 shares during the last quarter. Finally, Almanack Investment Partners LLC. raised its position in Dominion Energy by 4.8% in the 2nd quarter. Almanack Investment Partners LLC. now owns 2,838 shares of the utilities provider’s stock valued at $227,000 after buying an additional 131 shares during the last quarter. Institutional investors own 70.30% of the company’s stock.

About Dominion Energy

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Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.