Dominion Energy (NYSE:D) PT Lowered to $48.00 at Scotiabank

Dominion Energy (NYSE:D) had its price objective dropped by equities researchers at Scotiabank from $49.00 to $48.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “sector perform” rating on the utilities provider’s stock. Scotiabank’s price objective suggests a potential downside of 5.27% from the stock’s current price.

Several other research firms have also recently weighed in on D. Guggenheim reduced their price objective on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Monday, March 4th. StockNews.com lowered Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Mizuho cut their target price on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. BMO Capital Markets downgraded shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a research note on Monday, March 11th. Finally, Barclays reduced their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and an average target price of $49.10.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $50.67 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. The firm has a fifty day simple moving average of $47.84 and a 200-day simple moving average of $46.25. The stock has a market capitalization of $42.44 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.96 and a beta of 0.61. Dominion Energy has a 1-year low of $39.18 and a 1-year high of $57.90.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the business earned $1.06 EPS. The business’s revenue was down 7.2% compared to the same quarter last year. On average, sell-side analysts expect that Dominion Energy will post 2.86 earnings per share for the current year.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 21,735 shares of Dominion Energy stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $45.91 per share, with a total value of $997,853.85. Following the acquisition, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Dominion Energy news, CEO Robert M. Blue acquired 21,735 shares of the business’s stock in a transaction on Monday, March 4th. The stock was purchased at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the transaction, the chief executive officer now owns 176,240 shares in the company, valued at approximately $8,091,178.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph M. Rigby bought 2,130 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the acquisition, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Company insiders own 0.12% of the company’s stock.

Institutional Trading of Dominion Energy

Hedge funds have recently modified their holdings of the stock. Criterion Capital Advisors LLC bought a new position in Dominion Energy in the 4th quarter valued at $29,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Dominion Energy during the fourth quarter valued at $30,000. Rise Advisors LLC bought a new position in Dominion Energy in the first quarter valued at about $30,000. FSC Wealth Advisors LLC increased its position in Dominion Energy by 149.6% in the third quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 410 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in Dominion Energy by 84.5% during the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 310 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.