Dominion Energy, Inc. (NYSE:D) Receives $84.08 Average PT from Analysts

Shares of Dominion Energy, Inc. (NYSE:D) have received an average recommendation of “Buy” from the sixteen research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $84.08.

Several equities analysts have commented on the company. KeyCorp upped their price target on Dominion Energy from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, April 27th. TheStreet upgraded shares of Dominion Energy from a “c+” rating to a “b-” rating in a research note on Thursday, April 22nd. Zacks Investment Research cut shares of Dominion Energy from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a research note on Wednesday, April 7th. Mizuho upped their price objective on Dominion Energy from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, January 29th. Finally, Evercore ISI raised Dominion Energy from an “in-line” rating to an “outperform” rating in a research note on Thursday, January 21st.

In related news, Director Mark J. Kington purchased 2,000 shares of the business’s stock in a transaction on Thursday, March 4th. The shares were purchased at an average price of $69.29 per share, with a total value of $138,580.00. 0.26% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in Dominion Energy during the fourth quarter worth $344,479,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Dominion Energy by 20.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,619,491 shares of the utilities provider’s stock valued at $1,414,335,000 after purchasing an additional 3,153,315 shares during the last quarter. Boston Partners acquired a new position in shares of Dominion Energy in the first quarter valued at about $238,616,000. Diamond Hill Capital Management Inc. grew its stake in shares of Dominion Energy by 130.2% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 2,262,794 shares of the utilities provider’s stock valued at $170,162,000 after acquiring an additional 1,279,740 shares in the last quarter. Finally, London Co. of Virginia grew its stake in shares of Dominion Energy by 35.6% in the first quarter. London Co. of Virginia now owns 3,979,549 shares of the utilities provider’s stock valued at $302,287,000 after acquiring an additional 1,045,573 shares in the last quarter. 67.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of D stock opened at $78.07 on Friday. Dominion Energy has a 12 month low of $67.85 and a 12 month high of $87.34. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The business’s 50 day moving average is $77.78 and its two-hundred day moving average is $75.84. The company has a market cap of $62.97 billion, a PE ratio of -3,903.50, a price-to-earnings-growth ratio of 3.74 and a beta of 0.30.

Dominion Energy (NYSE:D) last announced its earnings results on Tuesday, May 4th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.01. Dominion Energy had a net margin of 0.10% and a return on equity of 12.19%. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Dominion Energy’s revenue was down 1.7% compared to the same quarter last year. As a group, equities analysts expect that Dominion Energy will post 3.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 20th. Investors of record on Friday, June 4th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, June 3rd. Dominion Energy’s dividend payout ratio is currently 59.43%.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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Analyst Recommendations for Dominion Energy (NYSE:D)

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