Dominion Energy, Inc. (NYSE:D) Receives Consensus Recommendation of “Hold” from Analysts

Dominion Energy, Inc. (NYSE:D) has been assigned an average recommendation of “Hold” from the twelve research firms that are covering the company, Marketbeat reports. Ten investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $56.58.

Several research firms recently commented on D. Morgan Stanley began coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Scotiabank raised their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th.

Hedge Funds Weigh In On Dominion Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in Dominion Energy during the fourth quarter worth approximately $473,354,000. Hotchkis & Wiley Capital Management LLC lifted its position in Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after buying an additional 3,278,175 shares in the last quarter. American Century Companies Inc. lifted its position in Dominion Energy by 207.7% during the fourth quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock worth $202,724,000 after buying an additional 2,540,713 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Dominion Energy by 10,324.8% during the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock worth $130,074,000 after buying an additional 2,229,220 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Dominion Energy by 8,585.3% during the fourth quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider’s stock worth $119,048,000 after buying an additional 2,184,873 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 2.0 %

Shares of NYSE:D opened at $55.58 on Monday. Dominion Energy has a 52-week low of $44.17 and a 52-week high of $61.97. The stock has a market cap of $46.68 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.18 and a beta of 0.61. 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 business has a 50-day moving average price of $54.42 and a 200-day moving average price of $56.31.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Equities analysts predict that Dominion Energy will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.80%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

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.