Dominion Energy (NYSE:D) Now Covered by Morgan Stanley

Research analysts at Morgan Stanley assumed coverage on shares of Dominion Energy (NYSE:D) in a research report issued on Monday. The brokerage set an “equal weight” rating and a $61.00 price target on the utilities provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 7.62% from the stock’s previous close.

A number of other equities analysts have also weighed in on D. Barclays lifted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Jefferies Financial Group initiated coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. Scotiabank raised their target price on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. raised their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $56.33.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $56.68 on Monday. The firm has a market capitalization of $47.61 billion, a P/E ratio of 19.89, a P/E/G ratio of 1.53 and a beta of 0.59. Dominion Energy has a 52 week low of $43.53 and a 52 week high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm’s 50 day moving average is $58.18 and its two-hundred day moving average is $55.11.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.77 earnings per share. Research analysts forecast that Dominion Energy will post 2.76 EPS for the current fiscal year.

Institutional Trading of Dominion Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in D. BLB&B Advisors LLC grew its holdings in shares of Dominion Energy by 2.5% during the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after purchasing an additional 173 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its position in Dominion Energy by 1.8% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock worth $535,000 after acquiring an additional 195 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its position in Dominion Energy by 2.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after acquiring an additional 195 shares in the last quarter. Valley National Advisers Inc. lifted its position in Dominion Energy by 8.6% during the 2nd quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock worth $122,000 after acquiring an additional 198 shares in the last quarter. Finally, Altman Advisors Inc. lifted its position in Dominion Energy by 0.7% during the 2nd quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock worth $1,423,000 after acquiring an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

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.