Dominion Energy (NYSE:D) had its price objective raised by UBS Group from $87.00 to $92.00 in a research report sent to investors on Monday morning, BenzingaRatingsTable reports. They currently have a buy rating on the utilities provider’s stock.
Several other brokerages have also recently issued reports on D. Seaport Global Securities started coverage on shares of Dominion Energy in a report on Tuesday, June 9th. They issued a buy rating and a $93.00 target price for the company. Wolfe Research lowered shares of Dominion Energy from an outperform rating to a peer perform rating in a research note on Friday, May 29th. BMO Capital Markets lifted their price target on shares of Dominion Energy from $80.00 to $85.00 and gave the stock a market perform rating in a research note on Tuesday, June 16th. Morgan Stanley lifted their price target on shares of Dominion Energy from $84.00 to $85.00 and gave the stock an equal weight rating in a research note on Wednesday, June 17th. Finally, Barclays reduced their price target on shares of Dominion Energy from $93.00 to $74.00 and set an overweight rating for the company in a research note on Thursday, March 26th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $85.33.
Shares of Dominion Energy stock opened at $82.58 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.47 and a current ratio of 0.63. The stock has a market capitalization of $69.87 billion, a PE ratio of 37.54, a price-to-earnings-growth ratio of 4.07 and a beta of 0.44. Dominion Energy has a 52-week low of $57.79 and a 52-week high of $90.89. The company has a 50-day simple moving average of $81.95 and a two-hundred day simple moving average of $81.08.
Dominion Energy (NYSE:D) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.01). The firm had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.74 billion. Dominion Energy had a return on equity of 11.97% and a net margin of 10.80%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period last year, the firm posted $1.10 earnings per share. As a group, equities research analysts forecast that Dominion Energy will post 4.33 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, June 20th. Investors of record on Friday, June 5th were given a dividend of $0.94 per share. The ex-dividend date was Thursday, June 4th. This represents a $3.76 annualized dividend and a yield of 4.55%. Dominion Energy’s dividend payout ratio (DPR) is 88.68%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fusion Capital LLC bought a new position in shares of Dominion Energy in the fourth quarter worth approximately $218,000. Blue Sky Asset Management LLC bought a new position in shares of Dominion Energy in the fourth quarter worth approximately $233,000. Altavista Wealth Management Inc. boosted its position in shares of Dominion Energy by 22.6% in the fourth quarter. Altavista Wealth Management Inc. now owns 5,613 shares of the utilities provider’s stock worth $465,000 after purchasing an additional 1,036 shares during the period. Balentine LLC bought a new position in shares of Dominion Energy in the first quarter worth approximately $71,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Dominion Energy in the fourth quarter worth approximately $325,000. Institutional investors own 66.46% of the company’s stock.
About Dominion Energy
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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