Dominion Energy, Inc. (NYSE:D) Receives Consensus Recommendation of “Hold” from Brokerages

Dominion Energy, Inc. (NYSE:D) has been given an average rating of “Hold” by the thirteen brokerages that are currently covering the stock, Marketbeat reports. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $57.58.

D has been the topic of a number of recent research reports. Argus upgraded Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. UBS Group raised their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Scotiabank upped 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. JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Finally, Morgan Stanley boosted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th.

Institutional Investors Weigh In On Dominion Energy

Institutional investors have recently added to or reduced their stakes in the business. Summit Global Investments purchased a new position in Dominion Energy in the 1st quarter valued at approximately $2,724,000. GAMMA Investing LLC grew its position in shares of Dominion Energy by 6,252.7% in the first quarter. GAMMA Investing LLC now owns 1,276,770 shares of the utilities provider’s stock valued at $71,588,000 after purchasing an additional 1,256,672 shares in the last quarter. AdvisorNet Financial Inc grew its position in shares of Dominion Energy by 11.5% in the first quarter. AdvisorNet Financial Inc now owns 4,733 shares of the utilities provider’s stock valued at $265,000 after purchasing an additional 490 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in shares of Dominion Energy by 62.0% during the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 7,806 shares of the utilities provider’s stock valued at $438,000 after purchasing an additional 2,987 shares during the period. Finally, Farmers Trust Co. lifted its holdings in Dominion Energy by 38.1% during the 1st quarter. Farmers Trust Co. now owns 8,693 shares of the utilities provider’s stock worth $487,000 after purchasing an additional 2,400 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

D opened at $50.81 on Tuesday. Dominion Energy has a 1-year low of $46.62 and a 1-year high of $61.97. The company has a market cap of $43.30 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 1.22 and a beta of 0.57. The company’s fifty day moving average price is $55.21 and its two-hundred day moving average price is $56.04. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping 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%. On average, analysts expect that Dominion Energy will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.26%. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

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.