Dominion Energy, Inc. (NYSE:D – Get Free Report) has been assigned a consensus recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $54.00.
A number of brokerages have issued reports on D. Wells Fargo & Company boosted their price objective on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Scotiabank increased their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Mizuho raised their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Evercore ISI upped their target price on Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Friday, May 3rd. 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 research note on Monday, August 5th.
Read Our Latest Report on Dominion Energy
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Dominion Energy Stock Performance
NYSE D opened at $56.15 on Monday. The company has a 50-day simple moving average of $52.45 and a two-hundred day simple moving average of $50.63. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Dominion Energy has a 12-month low of $39.18 and a 12-month high of $57.60. The firm has a market cap of $47.11 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 1.51 and a beta of 0.58.
Dominion Energy (NYSE:D – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 EPS. On average, equities analysts forecast that Dominion Energy will post 2.75 EPS for the current year.
Dominion Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be given a $0.6675 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.76%. Dominion Energy’s dividend payout ratio is currently 137.63%.
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.
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