Dominion Energy Inc. (NYSE:D) has been assigned an average recommendation of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat reports. Eleven equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $80.13.
A number of analysts recently issued reports on D shares. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, July 11th. BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Citigroup Inc. cut their price objective on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, July 26th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $78.00 price objective on shares of Dominion Energy in a research report on Thursday, September 14th. Finally, KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st.
Institutional investors and hedge funds have recently made changes to their positions in the company. Tradewinds Capital Management LLC boosted its stake in shares of Dominion Energy by 0.9% in the 2nd quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock valued at $101,000 after buying an additional 12 shares during the period. MPS Loria Financial Planners LLC purchased a new position in shares of Dominion Energy in the 2nd quarter valued at about $103,000. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Dominion Energy by 336.3% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock valued at $107,000 after buying an additional 1,076 shares during the period. Pacad Investment Ltd. purchased a new position in shares of Dominion Energy in the 2nd quarter valued at about $107,000. Finally, Enterprise Financial Services Corp boosted its stake in shares of Dominion Energy by 5.8% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock valued at $112,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 64.43% of the company’s stock.
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Dominion Energy (NYSE:D) traded up 0.06% on Friday, hitting $80.00. 2,198,168 shares of the stock were exchanged. The firm has a market cap of $51.41 billion, a PE ratio of 23.12 and a beta of 0.28. Dominion Energy has a 52-week low of $69.51 and a 52-week high of $81.65. The stock’s 50 day moving average price is $78.07 and its 200 day moving average price is $78.17.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. Equities research analysts forecast that Dominion Energy will post $3.61 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Thursday, November 30th. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio (DPR) is presently 87.28%.
About Dominion Energy
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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