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

Dominion Energy, Inc. (NYSE:D) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $57.18.

D has been the subject of several recent analyst reports. Scotiabank lifted their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Morgan Stanley began coverage on Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday.

Institutional Investors Weigh In On Dominion Energy

Institutional investors have recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. boosted its holdings in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Dominion Energy by 450.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 378 shares in the last quarter. BankPlus Trust Department acquired a new stake in Dominion Energy in the fourth quarter worth about $26,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy during the fourth quarter worth about $27,000. Finally, Fairway Wealth LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth about $27,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D stock opened at $54.08 on Friday. The stock has a fifty day moving average of $55.12 and a 200 day moving average of $56.36. Dominion Energy has a 52 week low of $46.56 and a 52 week high of $61.97. The firm has a market capitalization of $46.08 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.22 and a beta of 0.59. 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 (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, research analysts expect that Dominion Energy will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s payout ratio is currently 98.89%.

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.