Dominion Energy Inc. (D) – What Are Investment Firms Thinking About This Stock?

Shares of Dominion Energy Inc. (NYSE:D) have been assigned a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $69.33.

D has been the topic of several research analyst reports. UBS Group set a $80.00 price target on shares of Dominion Energy in a report on Wednesday, August 19th. BMO Capital Markets increased their price objective on Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, July 22nd. Evercore lifted their target price on shares of Dominion Energy from $67.00 to $70.00 in a research note on Thursday, October 8th. Weiss Ratings raised shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, November 2nd. Finally, Scotiabank lowered their price target on shares of Dominion Energy from $67.00 to $63.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 30th.

Dominion Energy Price Performance

Dominion Energy stock opened at $68.35 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 1.46. The company has a market cap of $60.12 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 3.17 and a beta of 0.62. Dominion Energy has a 12 month low of $55.85 and a 12 month high of $72.99. The business’s 50 day simple moving average is $64.05 and its 200 day simple moving average is $65.06.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, October 30th. The utilities provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. Dominion Energy had a net margin of 13.99% and a return on equity of 10.09%. The business had revenue of $5.62 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the business earned $1.06 EPS. Dominion Energy’s revenue was up 24.1% compared to the same quarter last year. Sell-side analysts forecast that Dominion Energy will post 3.59 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 20th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, December 4th. Dominion Energy’s payout ratio is currently 88.70%.

Institutional Trading of Dominion Energy

Several hedge funds have recently bought and sold shares of D. Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy in the 2nd quarter worth approximately $31,000. Signature Equity Partners LLC lifted its position in shares of Dominion Energy by 83.9% during the third quarter. Signature Equity Partners LLC now owns 526 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 240 shares during the last quarter. Beacon Financial Strategies CORP lifted its position in shares of Dominion Energy by 269.2% during the second quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 350 shares during the last quarter. Arlington Trust Co LLC boosted its stake in shares of Dominion Energy by 47.1% during the second quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 160 shares during the period. Finally, Burnham & Co LLC purchased a new stake in shares of Dominion Energy during the second quarter valued at $34,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Company Profile

Dominion Energy, Inc. (NYSE: D) is an energy company focused primarily on regulated electric and natural gas utility services. Its businesses generate, transmit and distribute electricity and deliver natural gas to residential, commercial and industrial customers. The company’s electric utility operations serve customers in Virginia and northeastern North Carolina, as well as parts of South Carolina through Dominion Energy South Carolina. Its power portfolio includes nuclear, natural gas, solar and other energy sources.