Analysts Set Dominion Energy, Inc. (NYSE:D) Target Price at $49.90

Dominion Energy, Inc. (NYSE:DGet Free Report) has been given an average recommendation of “Hold” by the ten brokerages that are presently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $49.90.

Several brokerages have recently weighed in on D. BMO Capital Markets cut shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a research note on Monday, March 11th. StockNews.com cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Mizuho decreased their target price on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Wells Fargo & Company raised their target price on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. Finally, Guggenheim decreased their target price on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, March 4th.

View Our Latest Stock Report on Dominion Energy

Insider Activity at Dominion Energy

In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the acquisition, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the acquisition, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert M. Blue acquired 21,735 shares of the company’s stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the purchase, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by insiders.

Institutional Trading of Dominion Energy

Several institutional investors and hedge funds have recently made changes to their positions in the business. Covestor Ltd grew its stake in Dominion Energy by 49.8% in the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 131 shares in the last quarter. Pacific Center for Financial Services bought a new position in shares of Dominion Energy during the first quarter valued at approximately $28,000. Live Oak Investment Partners bought a new position in shares of Dominion Energy during the fourth quarter valued at approximately $34,000. Quilter Plc bought a new position in shares of Dominion Energy during the first quarter valued at approximately $595,800,000. Finally, Criterion Capital Advisors LLC bought a new position in shares of Dominion Energy during the fourth quarter valued at approximately $29,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

Shares of D stock opened at $49.19 on Friday. Dominion Energy has a one year low of $39.18 and a one year high of $58.69. The company’s 50-day moving average is $46.54 and its 200 day moving average is $45.85. The company has a market capitalization of $41.20 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04.

Dominion Energy (NYSE:DGet Free Report) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.11). The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. Dominion Energy’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 EPS. Sell-side analysts expect that Dominion Energy will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 114.59%.

Dominion Energy Company Profile

(Get Free Report

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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Analyst Recommendations for Dominion Energy (NYSE:D)

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