Dominion Energy Inc. (NYSE:D) Receives $59.14 Average PT from Brokerages

Shares of Dominion Energy Inc. (NYSE:D) have received a consensus rating of “Hold” from the eight research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $59.1429.

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Dominion Energy from $53.00 to $56.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 15th. Morgan Stanley cut their price objective on shares of Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 18th.

Institutional Trading of Dominion Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. SPC Financial Inc. lifted its stake in shares of Dominion Energy by 1.4% during the second quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock worth $688,000 after purchasing an additional 172 shares in the last quarter. Maridea Wealth Management LLC lifted its position in Dominion Energy by 2.1% during the 2nd quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock worth $505,000 after acquiring an additional 183 shares in the last quarter. Quotient Wealth Partners LLC lifted its position in shares of Dominion Energy by 2.4% during the second quarter. Quotient Wealth Partners LLC now owns 7,795 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 184 shares in the last quarter. Empirical Finance LLC boosted its stake in shares of Dominion Energy by 0.6% in the second quarter. Empirical Finance LLC now owns 29,240 shares of the utilities provider’s stock valued at $1,653,000 after purchasing an additional 186 shares during the period. Finally, Private Client Services LLC grew its holdings in Dominion Energy by 3.1% during the 2nd quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock valued at $352,000 after purchasing an additional 188 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D opened at $62.04 on Monday. Dominion Energy has a 1 year low of $48.07 and a 1 year high of $62.26. The company’s 50 day simple moving average is $57.50 and its 200 day simple moving average is $55.76. The company has a market capitalization of $52.95 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.33 and a beta of 0.57. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%. The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the prior year, the company earned $0.65 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, sell-side analysts predict that Dominion Energy will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.3%. Dominion Energy’s payout ratio is presently 92.07%.

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.