Dominion Energy, Inc. (NYSE:D) Receives Consensus Rating of “Hold” from Analysts

Shares of Dominion Energy, Inc. (NYSE:D) have been given an average recommendation of “Hold” by the ten brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $58.22.

A number of analysts have recently issued reports on D shares. UBS Group raised their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Morgan Stanley lifted their target price on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Argus raised Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $55.00 on Friday. The business’s 50 day moving average price is $54.08 and its 200 day moving average price is $55.45. The company has a market cap of $46.87 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.22 and a beta of 0.57. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy has a one year low of $47.99 and a one year high of $61.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the previous year, the firm earned $0.55 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, research analysts predict that Dominion Energy will post 3.39 EPS for the current year.

Institutional Trading of Dominion Energy

Several hedge funds have recently modified their holdings of D. Barclays PLC grew its holdings in Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after acquiring an additional 404,868 shares in the last quarter. Czech National Bank grew its stake in shares of Dominion Energy by 6.6% during the fourth quarter. Czech National Bank now owns 182,131 shares of the utilities provider’s stock worth $9,810,000 after purchasing an additional 11,231 shares in the last quarter. HB Wealth Management LLC increased its holdings in Dominion Energy by 15.6% in the fourth quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider’s stock valued at $1,939,000 after buying an additional 4,861 shares during the last quarter. Pacer Advisors Inc. raised its stake in Dominion Energy by 12.2% in the fourth quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider’s stock valued at $3,782,000 after buying an additional 7,632 shares in the last quarter. Finally, Greenwood Capital Associates LLC purchased a new stake in Dominion Energy during the 4th quarter worth about $1,027,000. 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.