Dominion Energy (NYSE:D) Price Target Raised to $52.00

Dominion Energy (NYSE:D) had its target price upped by stock analysts at BMO Capital Markets from $51.00 to $52.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ price target suggests a potential downside of 0.23% from the stock’s current price.

D has been the topic of several other research reports. Barclays cut their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. StockNews.com lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Mizuho increased their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Scotiabank lowered their target price on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Finally, 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $50.73.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $52.12 on Monday. The stock’s fifty day simple moving average is $48.85 and its 200 day simple moving average is $46.92. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $43.66 billion, a PE ratio of 26.87, a PEG ratio of 3.43 and a beta of 0.59. Dominion Energy has a 12 month low of $39.18 and a 12 month high of $57.27.

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 7.50% 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, research analysts predict that Dominion Energy will post 2.75 EPS for the current year.

Insider Buying and Selling at Dominion Energy

In related news, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the purchase, the director now owns 8,417 shares in the company, valued at $395,093.98. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Joseph M. Rigby acquired 2,130 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of $46.94 per share, with a total value of $99,982.20. Following 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 document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert M. Blue bought 21,735 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average cost of $45.91 per share, with a total value of $997,853.85. Following the acquisition, the chief executive officer now directly 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 0.12% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in Dominion Energy by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock valued at $1,045,051,000 after buying an additional 1,928,823 shares during the period. Wellington Management Group LLP raised its position in Dominion Energy by 13.2% during the fourth quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock valued at $869,184,000 after purchasing an additional 2,153,488 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Dominion Energy by 136.5% in the 4th quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock valued at $844,630,000 after purchasing an additional 10,370,768 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Dominion Energy by 2.7% during the 3rd quarter. Northern Trust Corp now owns 8,527,408 shares of the utilities provider’s stock worth $380,919,000 after buying an additional 220,238 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Dominion Energy by 1.0% during the 4th quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock worth $357,769,000 after buying an additional 75,600 shares during the last quarter. 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.