Dominion Energy Inc (D) Receives $86.20 Consensus PT from Brokerages

Shares of Dominion Energy Inc (NYSE:D) have been given a consensus rating of “Hold” by the thirteen research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $86.20.

D has been the subject of several research analyst reports. ValuEngine upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating in a research report on Saturday, December 15th. Wells Fargo & Co boosted their price objective on shares of Dominion Energy from $73.00 to $80.00 and gave the company a “market perform” rating in a research report on Monday, December 17th. Barclays set a $79.00 price objective on shares of Dominion Energy and gave the company a “buy” rating in a research report on Saturday, November 17th. UBS Group upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $75.00 to $84.00 in a research report on Thursday, November 29th. Finally, Zacks Investment Research restated a “sell” rating on shares of Dominion Energy in a research report on Monday, December 31st.

Shares of NYSE D traded down $0.34 during midday trading on Friday, reaching $72.91. The company’s stock had a trading volume of 301,362 shares, compared to its average volume of 5,370,960. The company has a current ratio of 0.62, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58. Dominion Energy has a fifty-two week low of $61.53 and a fifty-two week high of $77.19. The company has a market cap of $48.09 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 2.87 and a beta of 0.21.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Dominion Energy had a net margin of 18.31% and a return on equity of 13.15%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities research analysts forecast that Dominion Energy will post 4.2 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.9175 per share. This represents a $3.67 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend is Thursday, February 28th. This is a boost from Dominion Energy’s previous quarterly dividend of $0.84. Dominion Energy’s payout ratio is presently 82.47%.

In related news, CFO James R. Chapman bought 4,053 shares of the firm’s stock in a transaction on Wednesday, December 19th. The shares were purchased at an average price of $74.02 per share, with a total value of $300,003.06. Following the completion of the purchase, the chief financial officer now owns 22,256 shares in the company, valued at approximately $1,647,389.12. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Diane Leopold sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $71.31, for a total transaction of $178,275.00. Following the sale, the chief executive officer now directly owns 48,677 shares in the company, valued at approximately $3,471,156.87. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of D. Manchester Capital Management LLC boosted its position in Dominion Energy by 4.7% during the fourth quarter. Manchester Capital Management LLC now owns 3,255 shares of the utilities provider’s stock valued at $222,000 after acquiring an additional 146 shares during the last quarter. Heritage Trust Co boosted its position in Dominion Energy by 58.8% during the fourth quarter. Heritage Trust Co now owns 405 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 150 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in Dominion Energy by 10.2% during the fourth quarter. Cornerstone Advisors Inc. now owns 1,765 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 164 shares during the last quarter. BerganKDV Wealth Management LLC boosted its position in Dominion Energy by 0.6% during the fourth quarter. BerganKDV Wealth Management LLC now owns 26,545 shares of the utilities provider’s stock valued at $1,897,000 after acquiring an additional 164 shares during the last quarter. Finally, Vigilant Capital Management LLC boosted its position in Dominion Energy by 14.3% during the fourth quarter. Vigilant Capital Management LLC now owns 1,320 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 165 shares during the last quarter. 67.97% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also: What is cost of equity?

Analyst Recommendations for Dominion Energy (NYSE:D)

Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit