Dominion Energy (NYSE:D) Trading 0% Higher

Shares of Dominion Energy, Inc. (NYSE:D) traded up 0% during mid-day trading on Friday . The stock traded as high as $49.45 and last traded at $49.03. 822,929 shares traded hands during trading, a decline of 85% from the average session volume of 5,470,855 shares. The stock had previously closed at $49.02.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Guggenheim cut their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Wells Fargo & Company raised their target price on shares of Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. StockNews.com downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. BMO Capital Markets downgraded shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price for the company. in a research note on Monday, March 11th. Finally, Scotiabank lowered their target price on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $49.90.

Dominion Energy Stock Down 0.2 %

The company’s 50 day moving average price is $47.24 and its 200 day moving average price is $45.93. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $40.97 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 2.01 and a beta of 0.61.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the firm posted $1.06 earnings per share. The company’s quarterly revenue was down 7.2% on a year-over-year basis. As a group, research analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s payout ratio is 114.59%.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of the stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the acquisition, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Dominion Energy news, Director Joseph M. Rigby purchased 2,130 shares of the stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the acquisition, the director now owns 8,417 shares in the company, valued at $395,093.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert M. Blue purchased 21,735 shares of the stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the acquisition, the chief executive officer now owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. 0.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of D. Sei Investments Co. raised its position in shares of Dominion Energy by 7.7% during the 1st quarter. Sei Investments Co. now owns 168,723 shares of the utilities provider’s stock worth $14,325,000 after purchasing an additional 12,002 shares during the last quarter. Prudential PLC acquired a new position in shares of Dominion Energy during the 1st quarter worth about $1,528,000. Sequoia Financial Advisors LLC raised its position in shares of Dominion Energy by 30.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 7,195 shares of the utilities provider’s stock worth $611,000 after purchasing an additional 1,661 shares during the last quarter. Covestor Ltd raised its position in shares of Dominion Energy by 49.8% during the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 131 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new position in shares of Dominion Energy during the 1st quarter worth about $419,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

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.