UBS Group Forecasts Strong Price Appreciation for Dominion Energy (NYSE:D) Stock

Dominion Energy (NYSE:D) had its price objective increased by analysts at UBS Group from $58.00 to $60.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. UBS Group’s price target would indicate a potential upside of 10.08% from the stock’s current price.

Several other brokerages have also recently issued reports on D. Morgan Stanley raised their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Finally, Scotiabank increased their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Twelve research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $57.58.

Dominion Energy Trading Down 0.9 %

Shares of D stock opened at $54.51 on Friday. Dominion Energy has a 12-month low of $46.56 and a 12-month high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm’s 50 day moving average is $55.19 and its 200 day moving average is $56.30. The stock has a market capitalization of $46.44 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.22 and a beta of 0.58.

Dominion Energy (NYSE:D) last issued its earnings results 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 net margin of 16.22% and a return on equity of 8.99%. Research analysts expect that Dominion Energy will post 3.39 earnings per share for the current year.

Institutional Trading of Dominion Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cape Investment Advisory Inc. increased its holdings in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 300 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 378 shares during the last quarter. BankPlus Trust Department bought a new stake in Dominion Energy in the 4th quarter valued at $26,000. Roble Belko & Company Inc bought a new stake in Dominion Energy in the 4th quarter valued at $27,000. Finally, Fairway Wealth LLC purchased a new position in shares of Dominion Energy in the 4th quarter worth $27,000. 73.04% of the stock is currently owned by institutional investors.

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.