Dominion Energy, Inc. (NYSE:D) Receives $54.00 Consensus PT from Analysts

Dominion Energy, Inc. (NYSE:D) 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC raised its position in Dominion Energy by 105.0% during the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock valued at $4,777,000 after purchasing an additional 49,740 shares during the period. Wedmont Private Capital lifted its position in Dominion Energy by 14.1% in the first quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock worth $239,000 after buying an additional 596 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Dominion Energy by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,885,024 shares of the utilities provider’s stock worth $229,596,000 after buying an additional 187,726 shares during the period. Vinva Investment Management Ltd increased its position in Dominion Energy by 27.0% during the fourth quarter. Vinva Investment Management Ltd now owns 6,818 shares of the utilities provider’s stock valued at $321,000 after acquiring an additional 1,451 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Dominion Energy in the first quarter valued at $708,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

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) 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.