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

Dominion Energy, Inc. (NYSE:D) has received a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $56.58.

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

Dominion Energy Stock Up 1.0 %

Shares of NYSE:D opened at $54.40 on Friday. The firm has a 50 day simple moving average of $56.43 and a 200-day simple moving average of $55.34. The company has a market capitalization of $45.70 billion, a PE ratio of 19.09, a P/E/G ratio of 1.44 and a beta of 0.59. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy has a twelve month low of $43.53 and a twelve month high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the business posted $0.77 earnings per share. The business’s revenue was up 3.4% compared to the same quarter last year. On average, equities analysts predict that Dominion Energy will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.91%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s dividend payout ratio is currently 93.68%.

Institutional Trading of Dominion Energy

A number of institutional investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. boosted its holdings in Dominion Energy by 22.8% during the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after acquiring an additional 12,890 shares during the period. Caprock Group LLC boosted its position in Dominion Energy by 133.0% in the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after buying an additional 5,525 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Dominion Energy by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after purchasing an additional 43,055 shares during the last quarter. Ascent Wealth Partners LLC bought a new position in shares of Dominion Energy in the 3rd quarter worth $1,223,000. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings 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 valued at $487,567,000 after purchasing an additional 3,278,175 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

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.