Dominion Energy, Inc. (NYSE:D) Given Average Rating of “Hold” by Analysts

Shares of Dominion Energy, Inc. (NYSE:D) have earned an average rating of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $55.91.

A number of brokerages have recently weighed in on D. BMO Capital Markets boosted their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Scotiabank upped their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Jefferies Financial Group started coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price target for the company. Finally, Barclays boosted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th.

Dominion Energy Trading Up 2.1 %

D opened at $57.81 on Friday. The company’s 50 day moving average price is $58.01 and its two-hundred day moving average price is $54.36. The firm has a market capitalization of $48.56 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.52 and a beta of 0.59. Dominion Energy has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.78.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 earnings per share. As a group, research analysts predict that Dominion Energy will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Friday, November 29th. Dominion Energy’s payout ratio is 93.68%.

Institutional Investors Weigh In On Dominion Energy

A number of large investors have recently made changes to their positions in D. Altman Advisors Inc. boosted its stake in shares of Dominion Energy by 1.0% during the 3rd quarter. Altman Advisors Inc. now owns 29,315 shares of the utilities provider’s stock valued at $1,694,000 after purchasing an additional 284 shares in the last quarter. Jennison Associates LLC boosted its position in Dominion Energy by 6.8% during the 3rd quarter. Jennison Associates LLC now owns 1,261,170 shares of the utilities provider’s stock valued at $72,883,000 after acquiring an additional 80,683 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new position in shares of Dominion Energy during the 3rd quarter worth approximately $347,000. West Family Investments Inc. bought a new position in shares of Dominion Energy in the 3rd quarter worth approximately $204,000. Finally, Second Half Financial Partners LLC bought a new position in shares of Dominion Energy in the 3rd quarter worth approximately $260,000. 73.04% of the stock is currently owned by institutional investors.

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.