Dominion Energy, Inc. (NYSE:D) Receives $56.58 Average PT from Analysts

Shares of Dominion Energy, Inc. (NYSE:D - Get Free Report) have earned an average rating of "Hold" from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $56.58.

A number of analysts recently commented on D shares. Scotiabank boosted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. The Goldman Sachs Group reiterated a "neutral" rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Morgan Stanley assumed coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target on the stock.

Dominion Energy Trading Up 2.0 %

Shares of NYSE:D traded up $1.11 during mid-day trading on Monday, reaching $57.43. 1,532,017 shares of the company were exchanged, compared to its average volume of 4,494,102. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a market cap of $48.25 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.21 and a beta of 0.61. The firm's 50-day simple moving average is $54.51 and its 200 day simple moving average is $56.32. Dominion Energy has a 1 year low of $44.17 and a 1 year high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Equities research analysts forecast that Dominion Energy will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.65%. Dominion Energy's dividend payout ratio (DPR) is presently 98.89%.

Institutional Investors Weigh In On Dominion Energy

Several hedge funds and other institutional investors have recently modified their holdings of D. Cape Investment Advisory Inc. boosted its stake in Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after buying an additional 300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Dominion Energy by 450.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after purchasing an additional 378 shares during the last quarter. BankPlus Trust Department bought a new stake in Dominion Energy during the 4th quarter worth about $26,000. Roble Belko & Company Inc bought a new stake in Dominion Energy during the 4th quarter worth about $27,000. Finally, Fairway Wealth LLC acquired a new position in shares of Dominion Energy during the 4th quarter worth about $27,000. 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.