Dominion Energy, Inc. (NYSE:D - Get Free Report) has received an average recommendation of "Hold" from the twelve analysts that are covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $56.58.
A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group reiterated a "neutral" rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank boosted their price target on Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research note on Thursday, December 12th. Barclays lifted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. Jefferies Financial Group started coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a "hold" rating and a $58.00 price objective for the company. Finally, Morgan Stanley started coverage on Dominion Energy in a report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 target price on the stock.
View Our Latest Stock Report on D
Dominion Energy Price Performance
D stock traded up $0.22 on Friday, hitting $53.93. 2,930,930 shares of the company's stock traded hands, compared to its average volume of 4,449,124. The stock has a market cap of $45.30 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 1.44 and a beta of 0.59. Dominion Energy has a 1-year low of $43.53 and a 1-year high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a fifty day moving average of $56.94 and a 200-day moving average of $55.31.
Dominion Energy (NYSE:D - Get Free Report) last announced its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Dominion Energy'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 earned $0.77 earnings per share. On average, analysts forecast that Dominion Energy will post 2.75 EPS for the current fiscal year.
Dominion Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.95%. The ex-dividend date was Friday, November 29th. Dominion Energy's payout ratio is 93.68%.
Hedge Funds Weigh In On Dominion Energy
Several hedge funds have recently added to or reduced their stakes in D. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy during the third quarter worth $28,000. Frazier Financial Advisors LLC acquired a new stake in Dominion Energy during the 3rd quarter worth $32,000. Dunhill Financial LLC lifted its holdings in Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider's stock worth $33,000 after acquiring an additional 487 shares in the last quarter. Larson Financial Group LLC grew its stake in Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 449 shares during the period. Finally, Kimelman & Baird LLC bought a new stake in shares of Dominion Energy in the second quarter worth about $36,000. Institutional investors and hedge funds own 73.04% of the company's stock.
About Dominion Energy
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Get Free ReportDominion 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.
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