Brokerages Set Dominion Energy, Inc. (NYSE:D) PT at $57.18

Dominion Energy, Inc. (NYSE:D) has been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $57.18.

A number of brokerages recently issued reports on D. JPMorgan Chase & Co. raised their price objective on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Scotiabank raised their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company.

Dominion Energy Stock Up 1.0 %

NYSE D opened at $54.64 on Friday. Dominion Energy has a 52 week low of $46.56 and a 52 week high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The business’s fifty day simple moving average is $55.12 and its 200-day simple moving average is $56.35. The firm has a market cap of $46.55 billion, a PE ratio of 20.24, a P/E/G ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, equities analysts anticipate that Dominion Energy will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

Institutional Investors Weigh In On Dominion Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in D. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Dominion Energy by 450.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 378 shares during the period. Cape Investment Advisory Inc. increased its holdings in shares of Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 300 shares during the period. BankPlus Trust Department acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $26,000. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Finally, Fairway Wealth LLC acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Company Profile

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.