Dominion Energy (NYSE:D) PT Raised to $52.00

Dominion Energy (NYSE:D) had its target price upped by analysts at Mizuho from $45.00 to $52.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. Mizuho’s price objective would suggest a potential upside of 1.17% from the stock’s current price.

Several other analysts also recently commented on D. Scotiabank lowered their target price on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Guggenheim dropped their target price on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Wells Fargo & Company boosted their target price on Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. Bank of America increased their price target on Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday, April 23rd. Finally, Barclays cut their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $50.45.

Dominion Energy Price Performance

D stock opened at $51.40 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04. The business has a 50-day simple moving average of $48.67 and a two-hundred day simple moving average of $46.68. The company has a market capitalization of $43.05 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 3.42 and a beta of 0.59. Dominion Energy has a 52-week low of $39.18 and a 52-week high of $57.27.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a return on equity of 7.46% and a net margin of 11.57%. Dominion Energy’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 earnings per share. Research analysts expect that Dominion Energy will post 2.75 EPS for the current fiscal year.

Insider Transactions at Dominion Energy

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 purchased 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 directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Joseph M. Rigby bought 2,130 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were purchased 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 directly owns 8,417 shares in the company, valued at approximately $395,093.98. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert M. Blue purchased 21,735 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was 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 directly owns 176,240 shares of the company’s stock, valued at $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 hedge funds have recently added to or reduced their stakes in the stock. Arlington Capital Management Inc. lifted its position in Dominion Energy by 1.2% during the first quarter. Arlington Capital Management Inc. now owns 16,476 shares of the utilities provider’s stock valued at $810,000 after purchasing an additional 197 shares during the last quarter. Ridgewood Investments LLC lifted its holdings in shares of Dominion Energy by 0.9% during the 1st quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock worth $1,207,000 after acquiring an additional 210 shares during the last quarter. Lantz Financial LLC grew its position in Dominion Energy by 4.0% in the first quarter. Lantz Financial LLC now owns 5,823 shares of the utilities provider’s stock worth $286,000 after acquiring an additional 222 shares in the last quarter. Providence Capital Advisors LLC increased its stake in Dominion Energy by 0.6% in the third quarter. Providence Capital Advisors LLC now owns 36,772 shares of the utilities provider’s stock valued at $1,643,000 after acquiring an additional 228 shares during the last quarter. Finally, Seneca House Advisors raised its position in Dominion Energy by 2.0% during the first quarter. Seneca House Advisors now owns 11,355 shares of the utilities provider’s stock valued at $559,000 after purchasing an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

About Dominion Energy

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.