Dominion Energy's (D) Neutral Rating Reaffirmed at The Goldman Sachs Group

Dominion Energy (NYSE:D - Get Free Report)'s stock had its "neutral" rating restated by The Goldman Sachs Group in a report released on Friday, MarketBeat Ratings reports. They currently have a $61.00 price target on the utilities provider's stock. The Goldman Sachs Group's price objective would suggest a potential upside of 5.55% from the company's previous close.

A number of other analysts also recently weighed in on D. BMO Capital Markets lifted their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a "market perform" rating in a research report on Monday, August 5th. Jefferies Financial Group began coverage on Dominion Energy in a research note on Friday, September 20th. They issued a "hold" rating and a $58.00 price target on the stock. Scotiabank raised their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Finally, Barclays raised their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $55.91.

Dominion Energy Price Performance

Dominion Energy stock traded up $1.16 during midday trading on Friday, reaching $57.79. The company's stock had a trading volume of 5,548,454 shares, compared to its average volume of 4,425,566. 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 stock has a market cap of $48.54 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 1.52 and a beta of 0.59. Dominion Energy has a 52 week low of $43.53 and a 52 week high of $61.97. The business has a 50-day moving average price of $57.96 and a 200-day moving average price of $54.29.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.05. The firm had revenue of $3.94 billion for the quarter, compared to analysts' expectations 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 was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. On average, sell-side analysts predict that Dominion Energy will post 2.76 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of D. Sanctuary Wealth Management L.L.C. purchased a new stake in Dominion Energy in the 3rd quarter worth approximately $28,000. Family Firm Inc. bought a new position in Dominion Energy in the second quarter worth about $27,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy during the 3rd quarter valued at approximately $32,000. LRI Investments LLC bought a new position in shares of Dominion Energy in the 1st quarter worth approximately $32,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Dominion Energy in the 3rd quarter valued at approximately $36,000. 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.