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

Dominion Energy, Inc. (NYSE:D) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the stock, Marketbeat reports. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $56.58.

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

Hedge Funds Weigh In On Dominion Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy in the 3rd quarter worth $28,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy during the third quarter worth $32,000. Dunhill Financial LLC raised its holdings in Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after buying an additional 449 shares during the last quarter. Finally, Reston Wealth Management LLC bought a new stake in shares of Dominion Energy during the third quarter worth about $36,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.6 %

Shares of D stock opened at $54.73 on Friday. Dominion Energy has a twelve month low of $43.53 and a twelve month high of $61.97. The stock’s fifty day simple moving average is $56.33 and its 200 day simple moving average is $55.38. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $45.97 billion, a P/E ratio of 19.20, a P/E/G ratio of 1.44 and a beta of 0.60.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts predict that Dominion Energy will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.88%. Dominion Energy’s payout ratio is presently 93.68%.

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.