Dominion Energy (D) Coverage Initiated by Analysts at UBS Group

UBS Group assumed coverage on shares of Dominion Energy (NYSE:D) in a research report report published on Friday, www.benzinga.com reports. The brokerage issued a buy rating and a $85.00 price target on the utilities provider’s stock.

A number of other brokerages have also recently commented on D. Zacks Investment Research cut Dominion Energy from a buy rating to a hold rating in a report on Friday, October 13th. Hilliard Lyons raised Dominion Energy from a neutral rating to a buy rating and set a $86.00 price target on the stock in a report on Tuesday, January 30th. Bank of America raised Dominion Energy from a neutral rating to a buy rating in a report on Wednesday, November 22nd. JPMorgan Chase & Co. raised Dominion Energy from a neutral rating to an overweight rating and set a $82.00 price target on the stock in a report on Thursday, December 14th. Finally, Morgan Stanley raised their price target on Dominion Energy from $85.00 to $87.00 and gave the company an equal weight rating in a report on Wednesday, December 13th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Dominion Energy has a consensus rating of Hold and an average target price of $82.82.

Dominion Energy (D) opened at $74.69 on Friday. Dominion Energy has a twelve month low of $71.51 and a twelve month high of $85.30. The company has a market capitalization of $48,070.00, a price-to-earnings ratio of 15.21, a P/E/G ratio of 2.88 and a beta of 0.20. The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 1.67.

Dominion Energy (NYSE:D) last announced its earnings results on Monday, January 29th. The utilities provider reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.02. Dominion Energy had a return on equity of 12.99% and a net margin of 24.92%. The company had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the firm earned $0.99 EPS. Dominion Energy’s revenue for the quarter was up 4.0% compared to the same quarter last year. analysts anticipate that Dominion Energy will post 4.03 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.835 per share. The ex-dividend date of this dividend is Thursday, March 1st. This is a boost from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 dividend on an annualized basis and a yield of 4.47%. Dominion Energy’s dividend payout ratio (DPR) is currently 62.73%.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Dominion Energy by 2.7% during the second quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock valued at $3,432,756,000 after purchasing an additional 1,194,152 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Dominion Energy by 4.0% during the third quarter. Wells Fargo & Company MN now owns 6,355,070 shares of the utilities provider’s stock valued at $488,896,000 after purchasing an additional 244,870 shares in the last quarter. Legal & General Group Plc grew its position in shares of Dominion Energy by 6.0% during the third quarter. Legal & General Group Plc now owns 4,475,084 shares of the utilities provider’s stock valued at $344,260,000 after purchasing an additional 253,699 shares in the last quarter. Commonwealth Bank of Australia grew its position in shares of Dominion Energy by 0.9% during the third quarter. Commonwealth Bank of Australia now owns 4,247,763 shares of the utilities provider’s stock valued at $325,607,000 after purchasing an additional 36,643 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its position in shares of Dominion Energy by 24.1% during the third quarter. Epoch Investment Partners Inc. now owns 3,527,979 shares of the utilities provider’s stock valued at $271,408,000 after purchasing an additional 684,637 shares in the last quarter. 64.61% of the stock is currently owned by institutional investors and hedge funds.

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About Dominion Energy

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.

Analyst Recommendations for Dominion Energy (NYSE:D)

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