Dominion Energy, Inc. (NYSE:D) Receives $57.18 Consensus PT from Brokerages

Shares of Dominion Energy, Inc. (NYSE:D) have been given an average recommendation of “Hold” by the eleven analysts that are covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $57.18.

D has been the subject of several research analyst reports. Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Scotiabank raised their price target 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. Finally, JPMorgan Chase & Co. raised their price target on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th.

Institutional Trading of Dominion Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC increased its position in Dominion Energy by 450.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 378 shares in the last quarter. Cape Investment Advisory Inc. boosted its stake in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after buying an additional 300 shares during the last quarter. BankPlus Trust Department acquired a new stake in Dominion Energy in the 4th quarter worth about $26,000. Roble Belko & Company Inc acquired a new stake in Dominion Energy in the 4th quarter worth about $27,000. Finally, Fairway Wealth LLC acquired a new stake in Dominion Energy in the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 1.0 %

NYSE:D opened at $54.64 on Friday. The stock has a fifty day moving average price of $55.12 and a two-hundred day moving average price of $56.35. The stock has a market capitalization of $46.55 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.22 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy has a 1 year low of $46.56 and a 1 year high of $61.97.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, sell-side analysts anticipate that Dominion Energy will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is presently 98.89%.

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.