Dominion Energy (D) – Analysts’ Weekly Ratings Updates

Dominion Energy (NYSE: D) recently received a number of ratings updates from brokerages and research firms:

  • 10/17/2017 – Dominion Energy had its price target raised by analysts at Citigroup Inc. from $76.00 to $78.00. They now have a “neutral” rating on the stock.
  • 10/13/2017 – Dominion Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In last six months shares of Dominion Energy has returned lower than the industry it belongs to. Dominion Energy’s near term prospects and earnings will adversely impacted due to lower solar investment tax credit, higher PJM electric capacity expenses and lower earnings from Cove Point due to the roll off of one of its import contracts. However, Dominion Energy is benefiting from its regulated growth projects and synergies from Questar acquisition. Dominion’s Greensville County Power Station and Cove Point Liquefaction project are proceeding on time and budget and are likely to boost the company’s performance over the long term. Contribution from Dominion Midstream will also boost results of the company. The company’s expansion of electric transmission, natural gas facilities and midstream assets are strong positives.”
  • 10/12/2017 – Dominion Energy had its price target raised by analysts at J P Morgan Chase & Co from $78.00 to $82.00. They now have a “neutral” rating on the stock.
  • 10/3/2017 – Dominion Energy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $86.00 price target on the stock. According to Zacks, “Dominion Energy is benefiting from its regulated growth projects and synergies from Questar acquisition are helping Dominion Energy. Dominion’s Greensville County Power Station and Cove Point Liquefaction project are proceeding on time and budget and are likely to boost the company’s performance over the long term. Contribution from Dominion Midstream will also boost results of the company. The company’s expansion of electric transmission, natural gas facilities and midstream assets are strong positives.However, lower solar investment tax credit, higher PJM electric capacity expenses and lower earnings from Cove Point due to the roll off of one of its import contracts may hurt the company's earnings in the near term.”
  • 9/14/2017 – Dominion Energy had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $78.00 price target on the stock.
  • 9/1/2017 – Dominion Energy had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 8/21/2017 – Dominion Energy had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $77.00 price target on the stock.

Dominion Energy Inc. (D) traded down 0.09% during midday trading on Tuesday, hitting $78.96. The company had a trading volume of 1,955,483 shares. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65. The company has a market capitalization of $50.74 billion, a P/E ratio of 22.85 and a beta of 0.28. The stock has a 50 day moving average price of $78.04 and a 200 day moving average price of $78.11.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The company had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. Dominion Energy’s revenue was up 8.3% compared to the same quarter last year. Equities analysts forecast that Dominion Energy Inc. will post $3.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.08 annualized dividend and a yield of 3.90%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio is 87.28%.

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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