Dominion Energy (NYSE:D) Trading Up 10.6%

Shares of Dominion Energy Inc (NYSE:D) were up 10.6% during mid-day trading on Tuesday . The stock traded as high as $67.41 and last traded at $65.67, approximately 6,513,797 shares were traded during mid-day trading. An increase of 61% from the average daily volume of 4,043,135 shares. The stock had previously closed at $59.39.

Several equities analysts have recently issued reports on D shares. Royal Bank of Canada reaffirmed a “hold” rating and issued a $79.00 target price on shares of Dominion Energy in a report on Wednesday, February 19th. Evercore ISI started coverage on Dominion Energy in a report on Friday, February 14th. They issued a “hold” rating and a $88.00 target price for the company. Argus upped their target price on Dominion Energy from $83.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. BMO Capital Markets started coverage on Dominion Energy in a report on Wednesday, February 19th. They issued a “market perform” rating and a $91.00 target price for the company. Finally, Credit Suisse Group upped their target price on Dominion Energy from $85.00 to $90.00 and gave the company an “average” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $86.50.

The company has a quick ratio of 0.44, a current ratio of 0.61 and a debt-to-equity ratio of 1.07. The firm has a 50 day moving average of $82.34 and a 200 day moving average of $81.86. The firm has a market cap of $49.77 billion, a PE ratio of 41.38, a P/E/G ratio of 2.90 and a beta of 0.34.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.16 by $0.02. Dominion Energy had a return on equity of 12.05% and a net margin of 8.74%. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the prior year, the business earned $0.89 earnings per share. Dominion Energy’s revenue for the quarter was up 33.1% on a year-over-year basis. On average, research analysts anticipate that Dominion Energy Inc will post 4.35 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, February 28th were given a dividend of $0.94 per share. The ex-dividend date was Thursday, February 27th. This represents a $3.76 annualized dividend and a dividend yield of 5.46%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.92. Dominion Energy’s dividend payout ratio is currently 88.68%.

Several large investors have recently bought and sold shares of the business. Gallagher Fiduciary Advisors LLC purchased a new stake in shares of Dominion Energy in the fourth quarter worth $507,724,000. Norges Bank purchased a new stake in shares of Dominion Energy in the fourth quarter worth $489,548,000. FMR LLC raised its position in shares of Dominion Energy by 29.7% in the fourth quarter. FMR LLC now owns 13,271,178 shares of the utilities provider’s stock worth $1,099,119,000 after buying an additional 3,035,361 shares in the last quarter. State Street Corp raised its position in shares of Dominion Energy by 6.5% in the fourth quarter. State Street Corp now owns 44,595,752 shares of the utilities provider’s stock worth $3,693,420,000 after buying an additional 2,729,077 shares in the last quarter. Finally, Cohen & Steers Inc. purchased a new stake in shares of Dominion Energy in the fourth quarter worth $90,230,000. Hedge funds and other institutional investors own 66.92% of the company’s stock.

Dominion Energy Company Profile (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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