Shares of Dominion Energy, Inc. (NYSE:D – Get Free Report) have been assigned an average rating of “Hold” from the twelve analysts that are currently covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $56.58.
Several brokerages have issued reports on D. Scotiabank lifted their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Morgan Stanley began coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. Barclays raised their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th.
Get Our Latest Research Report on Dominion Energy
Dominion Energy Stock Up 0.5 %
Dominion Energy (NYSE:D – Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities research analysts anticipate that Dominion Energy will post 2.76 EPS for the current fiscal year.
Dominion Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s payout ratio is presently 93.68%.
Institutional Trading of Dominion Energy
Several hedge funds have recently added to or reduced their stakes in the business. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy in the third quarter worth about $28,000. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy in the 4th quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy during the 3rd quarter worth approximately $32,000. Dunhill Financial LLC raised its holdings in Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after buying an additional 449 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.
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.
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