Dominion Energy (NYSE:D) Stock Price Down 0.7%

Dominion Energy, Inc. (NYSE:D)’s share price traded down 0.7% during trading on Thursday . The company traded as low as $50.35 and last traded at $50.88. 716,512 shares traded hands during trading, a decline of 86% from the average session volume of 5,303,263 shares. The stock had previously closed at $51.23.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on D. Wells Fargo & Company increased their target price on Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Mizuho cut their price objective on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a report on Monday, March 11th. Bank of America lifted their target price on Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday. Finally, Guggenheim reduced their price target on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.10.

Dominion Energy Stock Down 0.5 %

The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. The firm has a 50-day moving average price of $47.97 and a 200 day moving average price of $46.28. The company has a market cap of $42.69 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 2.00 and a beta of 0.61.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the business posted $1.06 EPS. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. Sell-side analysts predict that Dominion Energy, Inc. will post 2.84 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were given a dividend of $0.6675 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.24%. Dominion Energy’s payout ratio is presently 114.59%.

Insider Activity

In related news, CEO Robert M. Blue bought 21,735 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was purchased at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the transaction, the chief executive officer now owns 176,240 shares in the company, valued at approximately $8,091,178.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Robert M. Blue bought 21,735 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was bought at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the transaction, the chief executive officer now owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dominion Energy

Large investors have recently modified their holdings of the business. Arlington Capital Management Inc. raised its stake in shares of Dominion Energy by 1.2% during the 1st quarter. Arlington Capital Management Inc. now owns 16,476 shares of the utilities provider’s stock valued at $810,000 after purchasing an additional 197 shares during the period. Ridgewood Investments LLC lifted its holdings in shares of Dominion Energy by 0.9% in the first quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock worth $1,207,000 after buying an additional 210 shares in the last quarter. Lantz Financial LLC lifted its holdings in shares of Dominion Energy by 4.0% in the first quarter. Lantz Financial LLC now owns 5,823 shares of the utilities provider’s stock worth $286,000 after buying an additional 222 shares in the last quarter. Providence Capital Advisors LLC lifted its holdings in shares of Dominion Energy by 0.6% in the third quarter. Providence Capital Advisors LLC now owns 36,772 shares of the utilities provider’s stock worth $1,643,000 after buying an additional 228 shares in the last quarter. Finally, Seneca House Advisors lifted its holdings in shares of Dominion Energy by 2.0% in the first quarter. Seneca House Advisors now owns 11,355 shares of the utilities provider’s stock worth $559,000 after buying an additional 228 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.