Dominion Energy (NYSE:D) Stock Price Expected to Rise, UBS Group Analyst Says

Dominion Energy (NYSE:D) had its price objective boosted by stock analysts at UBS Group from $58.00 to $60.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the utilities provider’s stock. UBS Group’s price objective would indicate a potential upside of 9.65% from the stock’s previous close.

Several other research firms have also recently commented on D. Scotiabank increased their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Finally, Morgan Stanley upped their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $57.58.

Dominion Energy Price Performance

D stock traded down $0.26 during midday trading on Friday, reaching $54.72. The stock had a trading volume of 1,428,330 shares, compared to its average volume of 4,035,563. Dominion Energy has a 52-week low of $46.56 and a 52-week high of $61.97. The company has a market cap of $46.62 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The company’s fifty day simple moving average is $55.17 and its 200 day simple moving average is $56.31. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. As a group, sell-side analysts predict that Dominion Energy will post 3.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Dominion Energy by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider’s stock valued at $4,821,222,000 after purchasing an additional 674,859 shares in the last quarter. State Street Corp grew its stake in shares of Dominion Energy by 3.2% in the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after acquiring an additional 1,365,555 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Dominion Energy by 4.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock worth $1,667,540,000 after acquiring an additional 1,459,926 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock valued at $1,653,964,000 after acquiring an additional 1,222,688 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Dominion Energy by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider’s stock worth $997,034,000 after purchasing an additional 601,900 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

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.