Dominion Energy (D) Receives $76.03 Average Price Target from Brokerages

Shares of Dominion Energy (NYSE:D) have received a consensus rating of “Hold” from the sixteen research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $76.03.

D has been the subject of a number of research reports. Bank of America cut Dominion Energy from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $69.15 to $79.00 in a report on Tuesday, March 20th. Hilliard Lyons upgraded Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a report on Tuesday, January 30th. JPMorgan Chase decreased their price target on Dominion Energy from $68.00 to $67.00 and set a “hold” rating for the company in a report on Tuesday, April 10th. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Finally, UBS cut Dominion Energy from a “buy” rating to a “neutral” rating and set a $85.00 price target for the company. in a report on Friday, March 16th.

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Shares of NYSE:D opened at $65.69 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.45 and a quick ratio of 0.30. Dominion Energy has a 1 year low of $63.88 and a 1 year high of $85.30. The stock has a market cap of $42,173.19, a PE ratio of 18.25, a PEG ratio of 2.36 and a beta of 0.27.

Dominion Energy (NYSE:D) last issued its earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.02. Dominion Energy had a return on equity of 12.67% and a net margin of 24.92%. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the business earned $0.99 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. sell-side analysts forecast that Dominion Energy will post 4.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Friday, March 2nd were paid a dividend of $0.835 per share. This is a boost from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Thursday, March 1st. Dominion Energy’s dividend payout ratio is 92.78%.

In other news, Director John W. Harris sold 2,665 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $80.60, for a total transaction of $214,799.00. Following the completion of the transaction, the director now directly owns 13,282 shares in the company, valued at approximately $1,070,529.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John W. Harris sold 11,254 shares of the stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $79.94, for a total value of $899,644.76. Following the transaction, the director now owns 13,282 shares of the company’s stock, valued at $1,061,763.08. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in D. BlackRock Inc. raised its position in shares of Dominion Energy by 4.4% during the 4th quarter. BlackRock Inc. now owns 45,032,247 shares of the utilities provider’s stock valued at $3,650,316,000 after acquiring an additional 1,902,352 shares in the last quarter. Millennium Management LLC raised its position in shares of Dominion Energy by 97.0% during the 4th quarter. Millennium Management LLC now owns 1,446,750 shares of the utilities provider’s stock valued at $117,274,000 after acquiring an additional 712,261 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Dominion Energy by 22.1% during the 4th quarter. TIAA CREF Investment Management LLC now owns 2,744,991 shares of the utilities provider’s stock valued at $222,509,000 after acquiring an additional 496,009 shares in the last quarter. Duff & Phelps Investment Management Co. raised its position in shares of Dominion Energy by 93.4% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 1,004,263 shares of the utilities provider’s stock valued at $81,406,000 after acquiring an additional 485,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Dominion Energy by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 6,419,395 shares of the utilities provider’s stock valued at $519,194,000 after acquiring an additional 237,339 shares in the last quarter. Institutional investors own 65.32% of the company’s stock.

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About Dominion Energy

Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

Analyst Recommendations for Dominion Energy (NYSE:D)

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