Dominion Energy (NYSE:D) Trading Down 0.7%

Dominion Energy, Inc. (NYSE:D)’s share price dropped 0.7% during trading on Thursday . The stock traded as low as $50.35 and last traded at $50.88. Approximately 716,512 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 5,303,263 shares. The stock had previously closed at $51.23.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on D. Scotiabank lowered their target price on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Barclays lowered their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Guggenheim lowered their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. StockNews.com cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Finally, Mizuho lowered their target price on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $49.10.

Dominion Energy Stock Down 1.0 %

The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04. The stock has a market capitalization of $42.26 billion, a PE ratio of 21.65, a PEG ratio of 3.43 and a beta of 0.61. The business has a 50 day moving average of $48.17 and a two-hundred day moving average of $46.37.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter last year, the business posted $1.06 earnings per share. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. Analysts predict that Dominion Energy, Inc. will post 2.73 EPS for the current year.

Insider Buying and Selling at Dominion Energy

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

Institutional Trading of Dominion Energy

Several institutional investors have recently bought and sold shares of D. Wellington Management Group LLP lifted its position in shares of Dominion Energy by 631.2% in the third quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock valued at $729,898,000 after acquiring an additional 14,105,237 shares in the last quarter. Capital Research Global Investors lifted its position in Dominion Energy by 136.5% during the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock worth $844,630,000 after buying an additional 10,370,768 shares in the last quarter. Norges Bank purchased a new position in Dominion Energy during the fourth quarter worth approximately $329,792,000. ClearBridge Investments Ltd purchased a new position in Dominion Energy during the fourth quarter worth approximately $214,220,000. Finally, JPMorgan Chase & Co. lifted its position in Dominion Energy by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after buying an additional 1,928,823 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

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.