Dominion Energy, Inc. (NYSE:D – Get Free Report) shares hit a new 52-week high on Wednesday after Barclays raised their price target on the stock from $54.00 to $58.00. Barclays currently has an overweight rating on the stock. Dominion Energy traded as high as $59.08 and last traded at $59.04, with a volume of 1934414 shares trading hands. The stock had previously closed at $57.61.
Several other research analysts have also recently issued reports on the stock. Scotiabank lifted their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. BMO Capital Markets lifted their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Jefferies Financial Group started coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $55.40.
Check Out Our Latest Stock Analysis on D
Hedge Funds Weigh In On Dominion Energy
Dominion Energy Trading Down 1.3 %
The company has a market cap of $50.04 billion, a PE ratio of 30.79, a P/E/G ratio of 1.52 and a beta of 0.60. The stock’s 50 day moving average is $56.99 and its 200-day moving average is $53.22. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.
Dominion Energy (NYSE:D – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Dominion Energy’s revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.
Dominion Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Friday, August 30th. Dominion Energy’s dividend payout ratio is currently 137.63%.
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.
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