Dominion Energy (NYSE:D) had its target price lowered by Morgan Stanley from $89.00 to $87.00 in a research report sent to investors on Tuesday morning, AnalystRatings.com reports. The firm currently has an equal weight rating on the utilities provider’s stock.
A number of other research analysts also recently commented on the company. TheStreet upgraded Dominion Energy from a c+ rating to a b- rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. increased their target price on Dominion Energy from $78.00 to $86.00 and gave the company a neutral rating in a research report on Monday, October 14th. Wells Fargo & Co restated a hold rating on shares of Dominion Energy in a report on Friday, November 1st. Finally, Argus increased their price target on Dominion Energy from $83.00 to $87.00 and gave the company a buy rating in a report on Tuesday, December 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. Dominion Energy has a consensus rating of Hold and a consensus price target of $82.00.
Shares of NYSE D traded up $0.54 during midday trading on Tuesday, reaching $84.05. 3,610,753 shares of the stock traded hands, compared to its average volume of 2,596,035. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.51 and a quick ratio of 0.37. The stock has a market capitalization of $67.45 billion, a PE ratio of 20.75, a P/E/G ratio of 3.93 and a beta of 0.22. Dominion Energy has a one year low of $68.03 and a one year high of $84.08. The company’s 50 day moving average is $81.84 and its 200 day moving average is $79.75.
Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.51 billion. Dominion Energy had a return on equity of 11.65% and a net margin of 6.40%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.15 EPS. As a group, equities analysts forecast that Dominion Energy will post 4.21 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.9175 per share. The ex-dividend date was Thursday, December 5th. This represents a $3.67 annualized dividend and a yield of 4.37%. Dominion Energy’s payout ratio is presently 90.62%.
In related news, CEO Diane Leopold sold 11,500 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $82.48, for a total transaction of $948,520.00. Following the sale, the chief executive officer now owns 60,564 shares in the company, valued at approximately $4,995,318.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in D. Prestige Wealth Management Group LLC increased its stake in Dominion Energy by 313.3% in the third quarter. Prestige Wealth Management Group LLC now owns 310 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 235 shares during the period. Atwater Malick LLC purchased a new stake in Dominion Energy in the third quarter worth $28,000. Manchester Financial Inc. purchased a new stake in Dominion Energy in the fourth quarter worth $29,000. Vista Private Wealth Partners. LLC purchased a new stake in Dominion Energy in the third quarter worth $37,000. Finally, West Oak Capital LLC purchased a new stake in Dominion Energy in the third quarter worth $61,000. Institutional investors and hedge funds own 65.38% of the company’s stock.
Dominion Energy Company Profile
Dominion Energy, Inc produces and transports energy. 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.
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