Dominion Energy, Inc. (NYSE:D) Given Average Rating of "Hold" by Analysts

Shares of Dominion Energy, Inc. (NYSE:D - Get Free Report) have been assigned a consensus recommendation of "Hold" from the thirteen ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $57.00.

A number of analysts have issued reports on D shares. Argus raised Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. UBS Group lifted their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a report on Tuesday. Finally, Morgan Stanley lifted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th.

Institutional Investors Weigh In On Dominion Energy

A number of institutional investors and hedge funds have recently made changes to their positions in D. Simon Quick Advisors LLC lifted its position in Dominion Energy by 4.5% during the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock valued at $229,000 after purchasing an additional 184 shares during the last quarter. Cadence Bank raised its position in shares of Dominion Energy by 2.0% during the 4th quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock valued at $515,000 after buying an additional 189 shares in the last quarter. Choate Investment Advisors lifted its holdings in shares of Dominion Energy by 5.4% during the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock worth $209,000 after acquiring an additional 198 shares during the last quarter. Centre Asset Management LLC grew its position in Dominion Energy by 3.3% in the first quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider's stock worth $350,000 after acquiring an additional 198 shares in the last quarter. Finally, Passumpsic Savings Bank increased its stake in Dominion Energy by 2.7% in the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock valued at $441,000 after acquiring an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

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Dominion Energy Stock Performance

D traded up $0.74 during trading on Tuesday, hitting $52.67. 5,152,819 shares of the company traded hands, compared to its average volume of 4,318,552. Dominion Energy has a one year low of $46.62 and a one year high of $61.97. The stock's fifty day moving average is $54.74 and its 200 day moving average is $55.81. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a market cap of $44.89 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating 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, equities analysts predict that Dominion Energy will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date was Friday, February 28th. Dominion Energy's dividend payout ratio (DPR) is presently 98.89%.

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.