Dominion Energy Inc (NYSE:D) has received an average rating of “Hold” from the nineteen brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $82.33.
A number of research firms have weighed in on D. Argus cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 17th. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Wednesday, May 20th. UBS Group reissued a “buy” rating and set a $92.00 price objective on shares of Dominion Energy in a research report on Monday, July 6th. BMO Capital Markets cut Dominion Energy from a “market perform” rating to an “underperform” rating and set a $68.00 target price on the stock. in a report on Tuesday, July 7th. Finally, Wolfe Research upgraded Dominion Energy from a “peer perform” rating to an “outperform” rating and raised their target price for the company from $78.00 to $80.00 in a report on Monday, July 13th.
Shares of D opened at $78.44 on Friday. The stock has a market cap of $65.90 billion, a P/E ratio of 106.00, a price-to-earnings-growth ratio of 6.30 and a beta of 0.37. The stock’s 50-day moving average price is $79.29 and its two-hundred day moving average price is $79.62. The company has a current ratio of 0.64, a quick ratio of 0.46 and a debt-to-equity ratio of 1.30. Dominion Energy has a 1 year low of $57.79 and a 1 year high of $90.89.
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Dominion Energy (NYSE:D) last released its earnings results on Friday, July 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. Dominion Energy had a return on equity of 12.09% and a net margin of 3.77%. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the company earned $0.77 EPS. The company’s revenue was down 9.7% on a year-over-year basis. As a group, equities analysts forecast that Dominion Energy will post 3.53 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be issued a $0.94 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 4.79%. Dominion Energy’s dividend payout ratio is presently 88.68%.
Several hedge funds have recently added to or reduced their stakes in D. Public Employees Retirement Association of Colorado lifted its position in Dominion Energy by 12.0% during the first quarter. Public Employees Retirement Association of Colorado now owns 155,546 shares of the utilities provider’s stock valued at $11,229,000 after purchasing an additional 16,657 shares during the last quarter. Cadence Capital Management LLC grew its position in Dominion Energy by 92.3% in the first quarter. Cadence Capital Management LLC now owns 12,794 shares of the utilities provider’s stock worth $924,000 after acquiring an additional 6,142 shares in the last quarter. KBC Group NV increased its stake in Dominion Energy by 32.1% during the first quarter. KBC Group NV now owns 115,958 shares of the utilities provider’s stock worth $8,371,000 after acquiring an additional 28,174 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in Dominion Energy by 6.0% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 136,684 shares of the utilities provider’s stock valued at $9,867,000 after purchasing an additional 7,725 shares during the period. Finally, Aperio Group LLC lifted its stake in shares of Dominion Energy by 4.3% in the 1st quarter. Aperio Group LLC now owns 579,087 shares of the utilities provider’s stock valued at $41,805,000 after purchasing an additional 23,652 shares during the last quarter. 66.53% of the stock is currently owned by hedge funds and other institutional investors.
Dominion Energy Company Profile
Dominion Energy, Inc produces and transports energy. The company’s Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
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