Dominion Energy Inc (NYSE:D) shares hit a new 52-week high on Thursday . The stock traded as high as $78.02 and last traded at $77.99, with a volume of 154058 shares traded. The stock had previously closed at $77.33.
A number of brokerages have commented on D. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research report on Monday, April 8th. Argus reaffirmed a “buy” rating on shares of Dominion Energy in a report on Wednesday, February 27th. Macquarie cut Dominion Energy from an “outperform” rating to a “neutral” rating in a report on Monday, March 18th. They noted that the move was a valuation call. Credit Suisse Group set a $77.00 price target on Dominion Energy and gave the stock a “hold” rating in a report on Monday, April 22nd. Finally, Wolfe Research set a $79.00 price target on Dominion Energy and gave the stock a “hold” rating in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $85.00.
The firm has a market capitalization of $62.05 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 3.76 and a beta of 0.23. The company has a quick ratio of 0.44, a current ratio of 0.61 and a debt-to-equity ratio of 1.35.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, May 3rd. The utilities provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.02). The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $4.84 billion. Dominion Energy had a return on equity of 12.35% and a net margin of 9.19%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 EPS. On average, research analysts predict that Dominion Energy Inc will post 4.18 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be issued a $0.9175 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.67 dividend on an annualized basis and a yield of 4.70%. Dominion Energy’s payout ratio is 90.62%.
In other Dominion Energy news, Director Robert H. Spilman, Jr. sold 1,215 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $76.01, for a total transaction of $92,352.15. Following the completion of the sale, the director now directly owns 23,598 shares in the company, valued at approximately $1,793,683.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director D Maybank Hagood acquired 1,965 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were purchased at an average price of $76.34 per share, with a total value of $150,008.10. Following the completion of the purchase, the director now owns 2,975 shares in the company, valued at approximately $227,111.50. The disclosure for this purchase can be found here. Corporate insiders own 0.26% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Nalls Sherbakoff Group LLC purchased a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $26,000. Interactive Financial Advisors acquired a new position in Dominion Energy in the first quarter valued at approximately $26,000. Altshuler Shaham Ltd acquired a new position in Dominion Energy in the fourth quarter valued at approximately $27,000. Massey Quick Simon & CO. LLC acquired a new position in Dominion Energy in the first quarter valued at approximately $27,000. Finally, Mark Sheptoff Financial Planning LLC lifted its holdings in Dominion Energy by 133.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 350 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 62.35% of the company’s stock.
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About Dominion Energy (NYSE:D)
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
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