Dominion Energy (NYSE:D) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
A number of other equities research analysts also recently issued reports on D. JPMorgan Chase & Co. reduced their price objective on shares of Dominion Energy from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Thursday, June 7th. UBS Group downgraded shares of Dominion Energy from a “buy” rating to a “neutral” rating and set a $85.00 price objective on the stock. in a research note on Friday, March 16th. Wells Fargo & Co dropped their target price on shares of Dominion Energy to $68.00 and set a “market perform” rating for the company in a report on Friday, April 13th. Hilliard Lyons set a $76.00 target price on shares of Dominion Energy and gave the stock a “buy” rating in a report on Thursday, March 29th. Finally, Bank of America dropped their target price on shares of Dominion Energy from $70.00 to $67.33 and set a “neutral” rating for the company in a report on Wednesday, April 4th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the stock. Dominion Energy has an average rating of “Hold” and a consensus target price of $75.21.
Shares of Dominion Energy opened at $68.03 on Tuesday, MarketBeat reports. The stock has a market cap of $44.30 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 2.73 and a beta of 0.28. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.31 and a current ratio of 0.46. Dominion Energy has a 12-month low of $61.53 and a 12-month high of $85.30.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, April 27th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.11. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.48 billion. Dominion Energy had a net margin of 23.74% and a return on equity of 12.88%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share. analysts predict that Dominion Energy will post 4.08 EPS for the current fiscal year.
In other Dominion Energy news, insider Thomas F. Farrell II acquired 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 10th. The stock was acquired at an average price of $63.44 per share, for a total transaction of $253,760.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of D. Lee Financial Co raised its holdings in Dominion Energy by 1,549.0% during the 1st quarter. Lee Financial Co now owns 1,616 shares of the utilities provider’s stock worth $109,000 after purchasing an additional 1,518 shares during the last quarter. We Are One Seven LLC bought a new position in Dominion Energy during the 4th quarter worth approximately $111,000. KHP Capital LLC bought a new position in Dominion Energy during the 1st quarter worth approximately $137,000. Macroview Investment Management LLC bought a new position in Dominion Energy during the 1st quarter worth approximately $144,000. Finally, Private Capital Group LLC raised its holdings in Dominion Energy by 1,708.3% during the 1st quarter. Private Capital Group LLC now owns 2,170 shares of the utilities provider’s stock worth $146,000 after purchasing an additional 2,050 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.
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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