Dominion Energy (NYSE:D) had its price target reduced by Wells Fargo to $68.00 in a research note published on Friday morning. Wells Fargo currently has a market perform rating on the utilities provider’s stock.
A number of other research analysts have also recently issued reports on D. JPMorgan Chase cut their price objective on Dominion Energy from $68.00 to $67.00 and set a hold rating for the company in a report on Tuesday. Bank of America cut their price target on Dominion Energy from $70.00 to $67.33 and set a neutral rating for the company in a report on Wednesday, April 4th. Hilliard Lyons set a $76.00 price target on Dominion Energy and gave the company a buy rating in a report on Thursday, March 29th. UBS started coverage on Dominion Energy in a report on Friday, February 2nd. They issued a buy rating and a $85.00 price target for the company. Finally, Zacks Investment Research cut Dominion Energy from a buy rating to a hold rating in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the stock. Dominion Energy presently has an average rating of Hold and a consensus price target of $76.78.
Shares of NYSE D traded down $0.13 during midday trading on Friday, reaching $63.94. 5,483,353 shares of the company traded hands, compared to its average volume of 5,995,670. The stock has a market cap of $41,743.18, a PE ratio of 17.76, a PEG ratio of 2.34 and a beta of 0.27. Dominion Energy has a 12 month low of $63.88 and a 12 month high of $85.30. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.30 and a current ratio of 0.45.
Dominion Energy (NYSE:D) last issued 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 business earned $0.99 earnings per share. analysts predict that Dominion Energy will post 4.04 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Friday, March 2nd were given a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 5.22%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date was Thursday, March 1st. Dominion Energy’s dividend payout ratio (DPR) is presently 92.78%.
In other news, Director John W. Harris sold 11,254 shares of the business’s stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $79.94, for a total transaction of $899,644.76. Following the completion of the transaction, the director now directly owns 13,282 shares in the company, valued at approximately $1,061,763.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John W. Harris sold 2,665 shares of the business’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $80.60, for a total value of $214,799.00. Following the transaction, the director now owns 13,282 shares of the company’s stock, valued at $1,070,529.20. The disclosure for this sale can be found here. 0.37% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of D. BlackRock Inc. grew its position in shares of Dominion Energy by 4.4% in the 4th quarter. BlackRock Inc. now owns 45,032,247 shares of the utilities provider’s stock valued at $3,650,316,000 after purchasing an additional 1,902,352 shares during the period. Millennium Management LLC grew its position in shares of Dominion Energy by 97.0% in the 4th quarter. Millennium Management LLC now owns 1,446,750 shares of the utilities provider’s stock valued at $117,274,000 after purchasing an additional 712,261 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of Dominion Energy by 22.1% in the 4th quarter. TIAA CREF Investment Management LLC now owns 2,744,991 shares of the utilities provider’s stock valued at $222,509,000 after purchasing an additional 496,009 shares during the period. Duff & Phelps Investment Management Co. grew its position in shares of Dominion Energy by 93.4% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 1,004,263 shares of the utilities provider’s stock valued at $81,406,000 after purchasing an additional 485,000 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Dominion Energy by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 6,419,395 shares of the utilities provider’s stock valued at $519,194,000 after purchasing an additional 237,339 shares during the period. Institutional investors own 65.31% of the company’s stock.
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Dominion Energy Company Profile
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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