Dominion Energy (NYSE:D) was downgraded by UBS from a “buy” rating to a “neutral” rating in a report released on Friday, March 16th, www.benzinga.com reports. They presently have a $85.00 price objective on the utilities provider’s stock. UBS’s target price indicates a potential upside of 28.36% from the company’s current price.
Several other equities analysts have also recently weighed in on the company. Bank of America raised Dominion Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, November 22nd. Morgan Stanley lifted their price objective on Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. JPMorgan Chase raised Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price objective for the company in a report on Thursday, December 14th. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Wednesday, January 17th. Finally, Hilliard Lyons upgraded Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Tuesday, January 30th. Thirteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $78.21.
D stock traded down $1.12 during mid-day trading on Friday, reaching $66.22. The company had a trading volume of 5,215,835 shares, compared to its average volume of 5,961,628. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 1.60. The company has a market cap of $43,873.67, a price-to-earnings ratio of 18.39, a P/E/G ratio of 2.46 and a beta of 0.27. Dominion Energy has a 52 week low of $66.10 and a 52 week high of $85.30.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Monday, January 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Dominion Energy had a return on equity of 12.67% and a net margin of 24.92%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $0.99 earnings per share. equities research analysts anticipate that Dominion Energy will post 4.04 EPS for the current fiscal year.
In other news, Director Joseph M. Rigby purchased 2,679 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of $74.65 per share, with a total value of $199,987.35. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John W. Harris sold 11,254 shares of the company’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $79.94, for a total value of $899,644.76. Following the transaction, the director now directly owns 13,282 shares in the company, valued at $1,061,763.08. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of D. Johnson Financial Group Inc. grew its holdings in shares of Dominion Energy by 146.8% in the third quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock valued at $103,000 after acquiring an additional 800 shares in the last quarter. We Are One Seven LLC bought a new position in shares of Dominion Energy in the fourth quarter valued at approximately $111,000. American Research & Management Co. grew its holdings in shares of Dominion Energy by 159.7% in the fourth quarter. American Research & Management Co. now owns 1,423 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 875 shares in the last quarter. MHI Funds LLC bought a new position in shares of Dominion Energy in the fourth quarter valued at approximately $119,000. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of Dominion Energy by 160.8% in the third quarter. Chicago Partners Investment Group LLC now owns 1,565 shares of the utilities provider’s stock valued at $120,000 after acquiring an additional 965 shares in the last quarter. 65.29% of the stock is owned by hedge funds and other institutional investors.
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About Dominion Energy
Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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