Dominion Energy (NYSE:D) Stock Price Down 0.8%

Dominion Energy, Inc. (NYSE:D)’s share price fell 0.8% during trading on Friday . The stock traded as low as $50.68 and last traded at $50.76. 673,138 shares changed hands during trading, a decline of 87% from the average session volume of 5,246,507 shares. The stock had previously closed at $51.16.

Wall Street Analysts Forecast Growth

D has been the topic of a number of recent analyst reports. Scotiabank dropped their price target on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Wells Fargo & Company upped their target price on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday. Evercore ISI increased their price target on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday. Bank of America boosted their price objective on Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 23rd. Finally, Mizuho raised their target price on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $50.45.

Dominion Energy Trading Up 0.5 %

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 stock has a market cap of $43.05 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 3.42 and a beta of 0.59. The company has a fifty day simple moving average of $48.67 and a 200-day simple moving average of $46.68.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a net margin of 11.57% and a return on equity of 7.46%. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the previous year, the business earned $0.99 earnings per share. The firm’s revenue was down 6.5% compared to the same quarter last year. On average, research analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the transaction, the chief executive officer now owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Joseph M. Rigby bought 2,130 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was bought at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert M. Blue purchased 21,735 shares of the stock in a transaction dated Monday, March 4th. The shares were bought at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the acquisition, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by insiders.

Institutional Trading of Dominion Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Criterion Capital Advisors LLC purchased a new stake in shares of Dominion Energy during the 4th quarter worth about $29,000. Rise Advisors LLC bought a new position in Dominion Energy during the first quarter valued at approximately $30,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Dominion Energy in the fourth quarter valued at approximately $30,000. Venturi Wealth Management LLC grew its position in Dominion Energy by 84.5% in the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 310 shares in the last quarter. Finally, Albion Financial Group UT increased its stake in shares of Dominion Energy by 300.0% during the 1st quarter. Albion Financial Group UT now owns 800 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 600 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Company Profile

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.