Dominion Energy, Inc. (NYSE:D) Receives $55.91 Average PT from Analysts

Shares of Dominion Energy, Inc. (NYSE:D - Get Free Report) have been given a consensus recommendation of "Hold" by the eleven research firms that are currently covering the stock, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $55.91.

A number of brokerages have recently weighed in on D. Jefferies Financial Group began coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a "hold" rating and a $58.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Scotiabank raised their price target on Dominion Energy from $48.00 to $58.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 20th. The Goldman Sachs Group reissued a "neutral" rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday. Finally, Barclays raised their target price on Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th.

Institutional Investors Weigh In On Dominion Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Dominion Energy by 16.0% in the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider's stock worth $4,346,193,000 after acquiring an additional 12,178,713 shares during the last quarter. Capital Research Global Investors lifted its holdings in Dominion Energy by 20.1% during the 1st quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider's stock worth $1,061,740,000 after buying an additional 3,613,614 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Dominion Energy by 12.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider's stock valued at $1,204,904,000 after buying an additional 2,801,687 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Dominion Energy by 7,438.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider's stock valued at $85,734,000 after buying an additional 1,463,858 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Dominion Energy during the second quarter worth $67,854,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Up 2.0 %

NYSE D traded up $1.16 on Friday, reaching $57.79. The stock had a trading volume of 5,554,525 shares, compared to its average volume of 4,425,593. Dominion Energy has a 1 year low of $43.53 and a 1 year high of $61.97. The business has a 50 day moving average price of $58.01 and a 200 day moving average price of $54.36. The company has a current ratio of 0.74, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $48.54 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 1.52 and a beta of 0.59.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 earnings per share. On average, analysts forecast that Dominion Energy will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.62%. The ex-dividend date is Friday, November 29th. Dominion Energy's dividend payout ratio is currently 93.68%.

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.