Dominion Energy, Inc. (NYSE:D) Receives Average Rating of “Hold” from Brokerages

Dominion Energy, Inc. (NYSE:D) has been given a consensus rating of “Hold” by the ten analysts that are covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $55.40.

A number of analysts recently issued reports on D shares. Scotiabank raised their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Jefferies Financial Group started coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Barclays boosted their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, BMO Capital Markets boosted their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th.

Dominion Energy Trading Up 0.2 %

Shares of D stock opened at $60.03 on Tuesday. Dominion Energy has a 52-week low of $39.18 and a 52-week high of $60.73. The company has a 50-day simple moving average of $57.21 and a two-hundred day simple moving average of $53.44. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. The company has a market capitalization of $50.28 billion, a price-to-earnings ratio of 30.94, a PEG ratio of 1.60 and a beta of 0.60.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. Dominion Energy’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share. Research analysts anticipate that Dominion Energy will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s payout ratio is 137.63%.

Hedge Funds Weigh In On Dominion Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caprock Group LLC increased its holdings in shares of Dominion Energy by 133.0% in the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock worth $474,000 after buying an additional 5,525 shares during the last quarter. SG Americas Securities LLC raised its position in Dominion Energy by 105.0% during the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock valued at $4,777,000 after purchasing an additional 49,740 shares in the last quarter. Wedmont Private Capital lifted its stake in Dominion Energy by 14.1% during the first quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock worth $239,000 after purchasing an additional 596 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Dominion Energy in the 1st quarter worth about $708,000. Finally, QRG Capital Management Inc. bought a new position in shares of Dominion Energy during the 1st quarter valued at about $272,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

About Dominion Energy

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.