Traders Buy Dominion Energy (D) on Weakness

Investors purchased shares of Dominion Energy Inc (NYSE:D) on weakness during trading on Thursday. $91.40 million flowed into the stock on the tick-up and $44.64 million flowed out of the stock on the tick-down, for a money net flow of $46.76 million into the stock. Of all equities tracked, Dominion Energy had the 24th highest net in-flow for the day. Dominion Energy traded down ($0.54) for the day and closed at $75.90

D has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Zacks Investment Research lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Citigroup lifted their price target on shares of Dominion Energy from $76.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, October 17th. KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a report on Friday, October 20th. Finally, Bank of America initiated coverage on shares of Dominion Energy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $80.00 price target for the company. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Dominion Energy has an average rating of “Hold” and a consensus target price of $82.82.

The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47. The company has a market capitalization of $48,700.00, a P/E ratio of 15.41, a PEG ratio of 2.88 and a beta of 0.20.

Dominion Energy (NYSE:D) last posted its earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.47 billion. Dominion Energy had a net margin of 24.92% and a return on equity of 12.99%. Dominion Energy’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 EPS. equities research analysts predict that Dominion Energy Inc will post 4.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd will be paid a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 4.41%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date is Thursday, March 1st. Dominion Energy’s payout ratio is presently 62.73%.

Institutional investors have recently bought and sold shares of the business. Beach Investment Management LLC. bought a new stake in shares of Dominion Energy during the 2nd quarter worth about $226,000. Trust Co. of Virginia VA raised its position in shares of Dominion Energy by 1.0% during the 2nd quarter. Trust Co. of Virginia VA now owns 47,040 shares of the utilities provider’s stock worth $3,604,000 after buying an additional 469 shares in the last quarter. Omnia Family Wealth LLC raised its position in shares of Dominion Energy by 0.3% during the 2nd quarter. Omnia Family Wealth LLC now owns 4,998 shares of the utilities provider’s stock worth $383,000 after buying an additional 16 shares in the last quarter. Regal Investment Advisors LLC bought a new stake in shares of Dominion Energy during the 2nd quarter worth about $2,122,000. Finally, Dai Ichi Life Insurance Company Ltd raised its position in shares of Dominion Energy by 379.1% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 53,859 shares of the utilities provider’s stock worth $4,127,000 after buying an additional 42,617 shares in the last quarter. 64.54% of the stock is owned by hedge funds and other institutional investors.

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About Dominion Energy

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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