Barclays Cuts Dominion Energy (NYSE:D) Price Target to $74.00

Dominion Energy (NYSE:D) had its target price cut by stock analysts at Barclays from $93.00 to $74.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target indicates a potential upside of 2.89% from the stock’s previous close.

Several other equities research analysts also recently issued reports on D. Citigroup boosted their price objective on shares of Dominion Energy from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada reiterated a “hold” rating and set a $79.00 price objective on shares of Dominion Energy in a research note on Wednesday, February 19th. Cfra boosted their price objective on shares of Dominion Energy from $88.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. BMO Capital Markets initiated coverage on shares of Dominion Energy in a research note on Wednesday, February 19th. They set a “market perform” rating and a $91.00 price objective for the company. Finally, Argus boosted their price objective on shares of Dominion Energy from $83.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $85.54.

Dominion Energy stock traded up $4.58 during trading on Thursday, reaching $71.92. The company had a trading volume of 152,268 shares, compared to its average volume of 6,199,238. Dominion Energy has a 12-month low of $57.79 and a 12-month high of $90.89. The stock’s 50 day moving average price is $81.93 and its two-hundred day moving average price is $81.80. The firm has a market capitalization of $55.03 billion, a price-to-earnings ratio of 42.86, a PEG ratio of 3.20 and a beta of 0.34. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.44 and a current ratio of 0.61.

Dominion Energy (NYSE:D) last released its earnings results on Tuesday, February 11th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. Dominion Energy had a net margin of 8.74% and a return on equity of 12.05%. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. Dominion Energy’s revenue was up 33.1% compared to the same quarter last year. As a group, research analysts expect that Dominion Energy will post 4.35 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of D. Assetmark Inc. lifted its stake in Dominion Energy by 2.5% in the 4th quarter. Assetmark Inc. now owns 4,939 shares of the utilities provider’s stock valued at $409,000 after acquiring an additional 122 shares in the last quarter. Meridian Financial Partners LLC lifted its stake in Dominion Energy by 1.7% in the 4th quarter. Meridian Financial Partners LLC now owns 7,438 shares of the utilities provider’s stock valued at $608,000 after acquiring an additional 126 shares in the last quarter. Strategic Wealth Advisors Group LLC lifted its stake in Dominion Energy by 0.6% in the 4th quarter. Strategic Wealth Advisors Group LLC now owns 23,202 shares of the utilities provider’s stock valued at $1,919,000 after acquiring an additional 135 shares in the last quarter. Newman Dignan & Sheerar Inc. lifted its stake in Dominion Energy by 2.1% in the 4th quarter. Newman Dignan & Sheerar Inc. now owns 6,751 shares of the utilities provider’s stock valued at $559,000 after acquiring an additional 136 shares in the last quarter. Finally, Capital City Trust Co. FL raised its stake in shares of Dominion Energy by 5.1% during the 4th quarter. Capital City Trust Co. FL now owns 2,980 shares of the utilities provider’s stock worth $247,000 after purchasing an additional 144 shares in the last quarter. 66.92% of the stock is currently owned by hedge funds and other institutional investors.

About Dominion Energy

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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