Dominion Energy (NYSE:D – Get Free Report) had its price objective increased by stock analysts at JPMorgan Chase & Co. from $53.00 to $56.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 2.15% from the company’s previous close.
Several other research firms also recently commented on D. Argus upgraded shares of Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. UBS Group lifted their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Finally, Morgan Stanley lowered their price objective on shares of Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $58.88.
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Dominion Energy Price Performance
Dominion Energy (NYSE:D – Get Free Report) last posted its quarterly earnings data 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 net margin of 15.55% and a return on equity of 9.51%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the previous year, the firm posted $0.55 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts forecast that Dominion Energy will post 3.39 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Dominion Energy by 450.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 378 shares in the last quarter. AlphaQuest LLC purchased a new stake in shares of Dominion Energy during the first quarter worth about $27,000. Orion Capital Management LLC purchased a new stake in shares of Dominion Energy during the fourth quarter worth about $27,000. VSM Wealth Advisory LLC purchased a new stake in shares of Dominion Energy during the first quarter worth about $28,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of Dominion Energy during the fourth quarter worth about $27,000. 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.
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