Dominion Energy, Inc. (NYSE:D) Receives $56.58 Average Price Target from Analysts

Shares of Dominion Energy, Inc. (NYSE:D) have earned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $56.58.

A number of research analysts recently commented on the company. Barclays increased their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Scotiabank raised their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley began coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th.

Dominion Energy Trading Up 0.5 %

Shares of Dominion Energy stock opened at $53.48 on Thursday. The business’s fifty day moving average is $55.20 and its two-hundred day moving average is $55.89. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The firm has a market cap of $44.93 billion, a PE ratio of 18.77, a P/E/G ratio of 1.15 and a beta of 0.60.

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

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.99%. Dominion Energy’s payout ratio is currently 93.68%.

Institutional Trading of Dominion Energy

Several hedge funds have recently added to or reduced their stakes in the business. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy in the 3rd quarter worth approximately $28,000. Roble Belko & Company Inc bought a new position in shares of Dominion Energy during the 4th quarter worth about $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Dominion Energy during the 3rd quarter valued at about $32,000. Dunhill Financial LLC increased its stake in Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 487 shares during the period. Finally, Larson Financial Group LLC raised its position in Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

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.