Dominion Energy, Inc. (NYSE:D) Receives Average Recommendation of “Hold” from Brokerages

Dominion Energy, Inc. (NYSE:D) has earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $55.91.

A number of research firms have recently commented on D. Barclays increased their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. 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. Jefferies Financial Group began coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Finally, BMO Capital Markets boosted their price objective 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.

Dominion Energy Trading Up 2.1 %

NYSE:D opened at $57.81 on Friday. The firm has a market capitalization of $48.56 billion, a P/E ratio of 20.28, a PEG ratio of 1.52 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.78. Dominion Energy has a one year low of $43.53 and a one year high of $61.97. The company’s 50-day simple moving average is $58.01 and its 200 day simple moving average is $54.36.

Dominion Energy (NYSE:D) last released its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the business earned $0.77 earnings per share. As a group, analysts forecast that Dominion Energy will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.62%. Dominion Energy’s payout ratio is 93.68%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of D. BLB&B Advisors LLC boosted its stake in shares of Dominion Energy by 2.5% during the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after acquiring an additional 173 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Dominion Energy by 1.8% during 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 purchasing an additional 195 shares during the period. Valley National Advisers Inc. increased its position in Dominion Energy by 8.6% in the second quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock worth $122,000 after buying an additional 198 shares in the last quarter. Altman Advisors Inc. raised its stake in shares of Dominion Energy by 0.7% in the second quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock worth $1,423,000 after buying an additional 198 shares during the period. Finally, Centennial Wealth Advisory LLC lifted its position in shares of Dominion Energy by 2.8% during the 2nd quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock valued at $362,000 after buying an additional 199 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other 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.