Dominion Energy (NYSE:D) Sees Strong Trading Volume

Dominion Energy, Inc. (NYSE:D) saw an uptick in trading volume on Friday . 2,949,735 shares traded hands during trading, a decline of 33% from the previous session’s volume of 4,421,691 shares.The stock last traded at $57.47 and had previously closed at $57.48.

Analysts Set New Price Targets

D has been the subject of several research reports. Jefferies Financial Group initiated coverage on Dominion Energy in a research report on Friday. They set a “hold” rating and a $58.00 price target for the company. BMO Capital Markets boosted their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Scotiabank increased their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. upped their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $54.50.

Dominion Energy Stock Up 0.1 %

The stock has a market cap of $48.28 billion, a PE ratio of 29.67, a P/E/G ratio of 1.57 and a beta of 0.60. The business has a 50 day moving average of $55.11 and a 200-day moving average of $51.87. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the firm posted $0.53 EPS. Dominion Energy’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.64%. Dominion Energy’s dividend payout ratio is currently 137.63%.

Institutional Trading of Dominion Energy

Several hedge funds and other institutional investors have recently made changes to their positions in D. Vanguard Group Inc. grew its holdings in Dominion Energy by 16.0% in the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after purchasing an additional 12,178,713 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Dominion Energy by 1.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider’s stock valued at $1,452,145,000 after acquiring an additional 477,181 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Dominion Energy by 12.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock valued at $1,204,904,000 after purchasing an additional 2,801,687 shares in the last quarter. Capital Research Global Investors grew its position in shares of Dominion Energy by 20.1% in the first quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock valued at $1,061,740,000 after purchasing an additional 3,613,614 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Dominion Energy by 13.2% during the 4th quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock worth $869,184,000 after purchasing an additional 2,153,488 shares in the last quarter. Institutional investors and hedge funds 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.