Dominion Energy, Inc. (NYSE:D) Given Consensus Recommendation of “Hold” by Brokerages

Dominion Energy, Inc. (NYSE:D) has been assigned an average rating of “Hold” from the eleven brokerages that are covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $52.18.

Several research analysts have commented on the stock. Barclays cut their price target 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. Scotiabank cut their price target on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $43.00 to $54.00 in a research report on Friday, May 10th. Finally, BMO Capital Markets raised their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday.

Dominion Energy Stock Up 1.7 %

D opened at $55.09 on Thursday. The company has a 50 day moving average of $51.35 and a 200 day moving average of $49.56. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. Dominion Energy has a 12 month low of $39.18 and a 12 month high of $57.60. The company has a market cap of $46.14 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 1.50 and a beta of 0.58.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.68%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the firm earned $0.53 EPS. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, sell-side analysts expect that Dominion Energy will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date is Friday, August 30th. Dominion Energy’s payout ratio is presently 137.63%.

Hedge Funds Weigh In On Dominion Energy

A number of large investors have recently added to or reduced their stakes in D. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Dominion Energy by 1.8% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock valued at $535,000 after acquiring an additional 195 shares during the period. Arlington Capital Management Inc. raised its stake in shares of Dominion Energy by 1.2% in the first quarter. Arlington Capital Management Inc. now owns 16,476 shares of the utilities provider’s stock valued at $810,000 after acquiring an additional 197 shares during the period. Valley National Advisers Inc. raised its stake in shares of Dominion Energy by 8.6% in the second quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock valued at $122,000 after acquiring an additional 198 shares during the period. Centennial Wealth Advisory LLC increased its stake in Dominion Energy by 2.8% in the 2nd quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock worth $362,000 after buying an additional 199 shares during the period. Finally, Ridgewood Investments LLC increased its stake in Dominion Energy by 0.9% in the 1st quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock worth $1,207,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

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.