Dominion Energy (NYSE:D) Price Target Raised to $60.00

Dominion Energy (NYSE:D) had its target price lifted by UBS Group from $58.00 to $60.00 in a research report sent to investors on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the utilities provider’s stock.

A number of other research firms have also commented on D. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Morgan Stanley raised their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Scotiabank increased their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Twelve analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $57.58.

Dominion Energy Trading Down 0.9 %

NYSE D opened at $54.51 on Friday. Dominion Energy has a twelve month low of $46.56 and a twelve month high of $61.97. The business’s fifty day moving average is $55.19 and its 200 day moving average is $56.29. 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 company has a market cap of $46.44 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. As a group, sell-side analysts expect that Dominion Energy will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Hedge Funds Weigh In On Dominion Energy

A number of hedge funds have recently bought and sold shares of D. Simon Quick Advisors LLC increased its position in shares of Dominion Energy by 4.5% during the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after acquiring an additional 184 shares in the last quarter. Cadence Bank lifted its holdings in shares of Dominion Energy by 2.0% during the fourth quarter. Cadence Bank now owns 9,561 shares of the utilities provider’s stock valued at $515,000 after purchasing an additional 189 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its holdings in shares of Dominion Energy by 2.6% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock valued at $450,000 after purchasing an additional 195 shares in the last quarter. Choate Investment Advisors boosted its position in shares of Dominion Energy by 5.4% during the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock valued at $209,000 after buying an additional 198 shares during the last quarter. Finally, Passumpsic Savings Bank increased its holdings in Dominion Energy by 2.7% in the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after buying an additional 199 shares in the last quarter. 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.