Dominion Energy (NYSE:D) Price Target Raised to $92.00

Dominion Energy (NYSE:DGet Rating) had its price target increased by equities researchers at KeyCorp from $90.00 to $92.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price objective points to a potential upside of 5.78% from the stock’s current price.

Several other equities research analysts also recently issued reports on D. Barclays initiated coverage on shares of Dominion Energy in a research report on Tuesday, January 25th. They set an “equal weight” rating and a $86.00 price objective for the company. Morgan Stanley boosted their price target on Dominion Energy from $82.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 22nd. The Goldman Sachs Group lowered Dominion Energy from a “neutral” rating to a “sell” rating and set a $72.00 price objective on the stock. in a report on Thursday, January 13th. UBS Group raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $81.00 to $98.00 in a research report on Wednesday, January 5th. Finally, StockNews.com assumed coverage on shares of Dominion Energy in a research report on Thursday, March 31st. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $85.00.

Shares of NYSE D opened at $86.97 on Wednesday. Dominion Energy has a twelve month low of $70.37 and a twelve month high of $88.78. The company has a market cap of $70.50 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 3.49 and a beta of 0.41. The business’s 50 day moving average price is $82.57 and its two-hundred day moving average price is $78.65. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.47.

Dominion Energy (NYSE:DGet Rating) last released its quarterly earnings data on Friday, February 11th. The utilities provider reported $0.90 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.90. The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $4.04 billion. Dominion Energy had a net margin of 23.55% and a return on equity of 12.70%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 earnings per share. As a group, research analysts anticipate that Dominion Energy will post 4.12 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of D. Accurate Wealth Management LLC boosted its stake in shares of Dominion Energy by 4.2% in the 4th quarter. Accurate Wealth Management LLC now owns 3,137 shares of the utilities provider’s stock worth $241,000 after buying an additional 125 shares during the last quarter. Rothschild Investment Corp IL lifted its holdings in Dominion Energy by 0.5% during the first quarter. Rothschild Investment Corp IL now owns 23,885 shares of the utilities provider’s stock worth $2,030,000 after acquiring an additional 127 shares during the period. Pinnacle Associates Ltd. boosted its position in Dominion Energy by 0.4% in the fourth quarter. Pinnacle Associates Ltd. now owns 36,300 shares of the utilities provider’s stock worth $2,852,000 after purchasing an additional 128 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in Dominion Energy by 4.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 3,035 shares of the utilities provider’s stock valued at $238,000 after purchasing an additional 129 shares during the period. Finally, Delta Asset Management LLC TN increased its position in shares of Dominion Energy by 1.4% during the 4th quarter. Delta Asset Management LLC TN now owns 9,289 shares of the utilities provider’s stock valued at $730,000 after purchasing an additional 129 shares during the last quarter. 67.04% of the stock is owned by institutional investors.

About Dominion Energy (Get Rating)

Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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Analyst Recommendations for Dominion Energy (NYSE:D)

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