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

Dominion Energy Inc. (NYSE:D) has been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $58.88.

Several research analysts have weighed in on D shares. Morgan Stanley lowered their price target on Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 18th. UBS Group boosted their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. boosted their target price on Dominion Energy from $53.00 to $56.00 and gave the stock an “underweight” rating in a report on Tuesday. Finally, Argus raised Dominion Energy to a “hold” rating in a report on Tuesday, March 25th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Dominion Energy by 64.3% during the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after buying an additional 3,553 shares during the last quarter. Madison Investment Advisors LLC bought a new stake in shares of Dominion Energy during the 4th quarter worth $1,060,000. Cibc World Markets Corp lifted its position in shares of Dominion Energy by 16.4% during the 4th quarter. Cibc World Markets Corp now owns 132,497 shares of the utilities provider’s stock worth $7,136,000 after buying an additional 18,709 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Dominion Energy by 7.2% during the 4th quarter. Parallel Advisors LLC now owns 9,833 shares of the utilities provider’s stock worth $530,000 after buying an additional 664 shares during the last quarter. Finally, Mystic Asset Management Inc. lifted its position in shares of Dominion Energy by 6.8% during the 4th quarter. Mystic Asset Management Inc. now owns 6,252 shares of the utilities provider’s stock worth $337,000 after buying an additional 398 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Up 1.2%

NYSE D opened at $57.23 on Thursday. The stock has a market capitalization of $48.81 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 1.23 and a beta of 0.56. The stock’s 50 day moving average price is $55.97 and its two-hundred day moving average price is $55.00. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73. Dominion Energy has a 52 week low of $48.07 and a 52 week high of $61.97.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.95 billion. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. As a group, analysts anticipate that Dominion Energy will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date was Thursday, May 29th. Dominion Energy’s dividend payout ratio is 100.00%.

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.