Dominion Energy (NYSE:D) Stock Price Down 0.8%

Shares of Dominion Energy, Inc. (NYSE:D) traded down 0.8% during trading on Friday . The company traded as low as $50.68 and last traded at $50.76. 673,138 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 5,246,507 shares. The stock had previously closed at $51.16.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Mizuho upped their target price on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday. Barclays reduced their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Evercore ISI upped their target price on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday. BMO Capital Markets downgraded 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. Finally, Bank of America lifted their price objective on Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $50.45.

Dominion Energy Trading Up 0.5 %

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 stock 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. The company has a fifty day simple moving average of $48.67 and a two-hundred day simple moving average of $46.68.

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

Insider Activity

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

Institutional Investors Weigh In On Dominion Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Criterion Capital Advisors LLC acquired a new position in shares of Dominion Energy during the 4th quarter worth about $29,000. Rise Advisors LLC bought a new stake in Dominion Energy during the first quarter worth about $30,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Dominion Energy during the fourth quarter valued at approximately $30,000. Venturi Wealth Management LLC grew its stake in Dominion Energy by 84.5% in the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 310 shares in the last quarter. Finally, Albion Financial Group UT increased its position in shares of Dominion Energy by 300.0% during the 1st quarter. Albion Financial Group UT now owns 800 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 600 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

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.