Bank of America Upgrades Dominion Energy (NYSE:D) to “Neutral”

Dominion Energy (NYSE:DGet Free Report) was upgraded by stock analysts at Bank of America from an “underperform” rating to a “neutral” rating in a note issued to investors on Friday, MarketBeat reports. The firm presently has a $54.00 price target on the utilities provider’s stock, up from their prior price target of $43.00. Bank of America‘s price objective would suggest a potential upside of 1.75% from the stock’s current price.

D has been the topic of several other reports. Scotiabank decreased their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Evercore ISI upped their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a report on Friday, May 3rd. StockNews.com cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Wells Fargo & Company upped their target price on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Finally, Mizuho raised their price target on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $51.73.

View Our Latest Analysis on D

Dominion Energy Stock Up 0.4 %

D stock opened at $53.07 on Friday. Dominion Energy has a 52 week low of $39.18 and a 52 week high of $56.42. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. The company has a market cap of $44.45 billion, a P/E ratio of 27.36, a P/E/G ratio of 3.54 and a beta of 0.59. The company’s 50-day moving average price is $49.19 and its 200 day moving average price is $47.09.

Dominion Energy (NYSE:DGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS. On average, research analysts expect that Dominion Energy will post 2.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of Dominion Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Criterion Capital Advisors LLC bought a new position in shares of Dominion Energy in the 4th quarter valued at approximately $29,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Dominion Energy in the fourth quarter valued at approximately $30,000. Rise Advisors LLC acquired a new stake in shares of Dominion Energy in the first quarter worth $30,000. Venturi Wealth Management LLC boosted its holdings in shares of 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 buying an additional 310 shares during the period. Finally, Briaud Financial Planning Inc acquired a new position in Dominion Energy in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

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.

Further Reading

Analyst Recommendations for Dominion Energy (NYSE:D)

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