Analysts Set Dominion Energy, Inc. (NYSE:D) PT at $56.58

Shares of Dominion Energy, Inc. (NYSE:D - Get Free Report) have been assigned a consensus recommendation of "Hold" from the twelve research firms that are covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $56.58.

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

Dominion Energy Stock Performance

NYSE:D traded up $0.72 during mid-day trading on Monday, hitting $56.39. 4,128,531 shares of the stock were exchanged, compared to its average volume of 4,587,365. The firm's 50-day simple moving average is $54.46 and its 200 day simple moving average is $56.32. The stock has a market capitalization of $47.36 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 1.21 and a beta of 0.61. Dominion Energy has a fifty-two week low of $44.17 and a fifty-two week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

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

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.74%. Dominion Energy's dividend payout ratio (DPR) is presently 98.89%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in D. Cape Investment Advisory Inc. lifted its position in shares of Dominion Energy by 175.4% during the 4th 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 boosted its position in Dominion Energy by 450.0% in the fourth 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 purchased a new position in Dominion Energy in the fourth quarter worth $26,000. Roble Belko & Company Inc bought a new position in Dominion Energy in the 4th quarter valued at $27,000. Finally, Fairway Wealth LLC purchased a new stake in shares of Dominion Energy during the 4th quarter valued at $27,000. 73.04% of the stock is owned by institutional investors.

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.