Dominion Energy (NYSE:D) Price Target Raised to $52.00

Dominion Energy (NYSE:D) had its target price upped by BMO Capital Markets from $51.00 to $52.00 in a research report sent to investors on Monday morning, Benzinga reports. The brokerage currently has a market perform rating on the utilities provider’s stock.

A number of other equities analysts also recently commented on the stock. Barclays reduced their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an overweight rating for the company in a research note on Monday, April 15th. Guggenheim decreased their price objective on Dominion Energy from $57.00 to $52.00 and set a buy rating for the company in a research note on Monday, March 4th. Evercore ISI lifted their target price on Dominion Energy from $47.00 to $53.00 and gave the company an in-line rating in a research note on Friday, May 3rd. Wells Fargo & Company increased their price target on shares of Dominion Energy from $51.00 to $55.00 and gave the company an equal weight rating in a research report on Friday, May 3rd. Finally, StockNews.com cut shares of Dominion Energy from a hold rating to a sell rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and an average price target of $50.73.

Dominion Energy Stock Performance

D stock opened at $52.15 on Monday. Dominion Energy has a twelve month low of $39.18 and a twelve month high of $57.02. The firm has a market cap of $43.68 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 3.43 and a beta of 0.59. The business’s fifty day simple moving average is $48.85 and its two-hundred day simple moving average is $46.92. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the prior year, the firm earned $0.99 EPS. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. Analysts predict that Dominion Energy will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend is Friday, May 31st. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Insider Transactions at Dominion Energy

In other Dominion Energy news, Director Joseph M. Rigby purchased 2,130 shares of the 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 directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Joseph M. Rigby acquired 2,130 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was bought at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the purchase, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert M. Blue bought 21,735 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the transaction, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. Insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Criterion Capital Advisors LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth $29,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Dominion Energy in the fourth quarter valued at about $30,000. Rise Advisors LLC purchased a new stake in Dominion Energy in the 1st quarter valued at approximately $30,000. Venturi Wealth Management LLC increased its position in Dominion Energy by 84.5% during the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 310 shares during the period. Finally, Briaud Financial Planning Inc purchased a new position in shares of Dominion Energy during the 3rd quarter worth approximately $36,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

About Dominion Energy

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.