Dominion Energy, Inc. (NYSE:D) Given Consensus Rating of “Hold” by Brokerages

Shares of Dominion Energy, Inc. (NYSE:D) have received a consensus recommendation of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $56.58.

Several equities analysts recently commented on the company. Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. Barclays lifted their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Scotiabank boosted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th.

Institutional Investors Weigh In On Dominion Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of D. BLB&B Advisors LLC increased its stake in Dominion Energy by 2.5% in the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock valued at $417,000 after buying an additional 173 shares during the last quarter. Cobblestone Capital Advisors LLC NY increased its position in shares of Dominion Energy by 2.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock valued at $450,000 after acquiring an additional 195 shares during the last quarter. Altman Advisors Inc. boosted its position in Dominion Energy by 0.7% during the second quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock valued at $1,423,000 after purchasing an additional 198 shares during the last quarter. Passumpsic Savings Bank grew its stake in Dominion Energy by 2.7% in the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 199 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Dominion Energy by 3.5% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,920 shares of the utilities provider’s stock worth $342,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $53.93 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company has a market cap of $45.30 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 1.44 and a beta of 0.59. The firm has a fifty day moving average price of $56.94 and a two-hundred day moving average price of $55.28. Dominion Energy has a fifty-two week low of $43.53 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the firm posted $0.77 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts expect that Dominion Energy will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s payout ratio is presently 93.68%.

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.