Dominion Energy (NYSE:D) Stock Price Down 1.5% on Analyst Downgrade

Dominion Energy, Inc. (NYSE:D)’s stock price traded down 1.5% during trading on Monday after Barclays lowered their price target on the stock from $50.00 to $49.00. Barclays currently has an overweight rating on the stock. Dominion Energy traded as low as $48.14 and last traded at $48.17. 766,260 shares were traded during trading, a decline of 86% from the average session volume of 5,470,732 shares. The stock had previously closed at $48.91.

D has been the topic of several other reports. Wells Fargo & Company lifted their price target on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. Scotiabank cut their price target on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Monday, March 4th. BMO Capital Markets lowered shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a research note on Monday, March 11th. StockNews.com lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Finally, Mizuho lowered their price objective on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average price target of $50.10.

Insider Activity

In related news, CEO Robert M. Blue acquired 21,735 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average price 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 the SEC website. In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was bought at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the transaction, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert M. Blue bought 21,735 shares of the business’s stock in a transaction on Monday, March 4th. The shares were acquired at an average price of $45.91 per share, with a total value of $997,853.85. Following the transaction, 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. Insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Dominion Energy

A number of institutional investors have recently modified their holdings of D. Wellington Management Group LLP raised its position in shares of Dominion Energy by 631.2% in the third quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock valued at $729,898,000 after buying an additional 14,105,237 shares during the last quarter. Capital Research Global Investors increased its position in Dominion Energy by 136.5% during the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock worth $844,630,000 after purchasing an additional 10,370,768 shares during the last quarter. Moneta Group Investment Advisors LLC increased its position in Dominion Energy by 93,554.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock worth $604,953,000 after purchasing an additional 9,854,975 shares during the last quarter. Norges Bank acquired a new position in Dominion Energy during the fourth quarter worth approximately $329,792,000. Finally, Dodge & Cox increased its position in Dominion Energy by 39.6% during the fourth quarter. Dodge & Cox now owns 22,800,383 shares of the utilities provider’s stock worth $1,071,618,000 after purchasing an additional 6,472,100 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Down 2.0 %

The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. The firm’s 50-day moving average is $47.30 and its 200 day moving average is $45.96. The stock has a market cap of $40.14 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 1.92 and a beta of 0.61.

Dominion Energy (NYSE:D) last issued its quarterly earnings results 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 period last year, the company posted $1.06 EPS. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. Sell-side analysts anticipate that Dominion Energy, Inc. will post 2.86 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 5.57%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s dividend payout ratio (DPR) is 114.59%.

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.