Dominion Energy (NYSE:D) Shares Up 0.3%

Dominion Energy, Inc. (NYSE:D)’s stock price shot up 0.3% during trading on Thursday . The company traded as high as $48.64 and last traded at $48.45. 634,671 shares traded hands during trading, a decline of 88% from the average session volume of 5,397,019 shares. The stock had previously closed at $48.32.

Analysts Set New Price Targets

A number of brokerages recently commented on D. Barclays dropped their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Mizuho decreased their target price on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. BMO Capital Markets downgraded shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price for the company. in a research report on Monday, March 11th. StockNews.com downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Finally, Guggenheim decreased their target price on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $50.10.

Dominion Energy Stock Up 2.6 %

The firm has a fifty day simple moving average of $47.61 and a 200-day simple moving average of $46.06. The firm has a market cap of $41.75 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 1.91 and a beta of 0.61. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the business posted $1.06 EPS. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 2.86 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s dividend payout ratio is currently 114.59%.

Insider Transactions at Dominion Energy

In related news, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the transaction, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Robert M. Blue purchased 21,735 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the transaction, the chief executive officer now owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was bought at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Covestor Ltd grew its position in Dominion Energy by 49.8% in the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 131 shares during the last quarter. Pacific Center for Financial Services bought a new stake in shares of Dominion Energy during the first quarter worth about $28,000. Live Oak Investment Partners bought a new stake in shares of Dominion Energy during the fourth quarter worth about $34,000. Quilter Plc bought a new stake in shares of Dominion Energy during the first quarter worth about $595,800,000. Finally, Criterion Capital Advisors LLC bought a new stake in shares of Dominion Energy during the fourth quarter worth about $29,000. Institutional investors 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.