Dominion Energy Inc. (NYSE:D) had its target price boosted by research analysts at Citigroup Inc. from $76.00 to $78.00 in a research report issued to clients and investors on Tuesday, October 17th. The firm currently has a “neutral” rating on the utilities provider’s stock. Citigroup Inc.’s price objective points to a potential downside of 3.12% from the stock’s current price.
A number of other research analysts have also weighed in on D. BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Tuesday, July 11th. Deutsche Bank AG increased their price target on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $77.00 price target on shares of Dominion Energy in a report on Monday, August 21st. Finally, KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Twelve research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $80.70.
Dominion Energy (NYSE D) traded up 0.12% during midday trading on Tuesday, reaching $80.51. The company had a trading volume of 2,161,384 shares. The company has a market capitalization of $51.73 billion, a P/E ratio of 23.30 and a beta of 0.28. The firm has a 50-day moving average of $78.23 and a 200 day moving average of $78.22. Dominion Energy has a 1-year low of $69.51 and a 1-year high of $81.65.
Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the company earned $0.71 EPS. Dominion Energy’s revenue was up 8.3% on a year-over-year basis. On average, equities research analysts forecast that Dominion Energy will post $3.59 EPS for the current year.
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Large investors have recently made changes to their positions in the business. Tradewinds Capital Management LLC increased its stake in shares of Dominion Energy by 0.9% during the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 12 shares during the period. MPS Loria Financial Planners LLC acquired a new position in shares of Dominion Energy during the second quarter valued at approximately $103,000. Tortoise Capital Advisors L.L.C. increased its stake in shares of Dominion Energy by 336.3% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 1,076 shares during the period. Pacad Investment Ltd. acquired a new position in shares of Dominion Energy during the second quarter valued at approximately $107,000. Finally, Enterprise Financial Services Corp increased its stake in shares of Dominion Energy by 5.8% during the second quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 80 shares during the period. Institutional investors own 64.43% of the company’s stock.
Dominion Energy Company Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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