Dominion Energy (NYSE:D) Given New $63.00 Price Target at Morgan Stanley

Dominion Energy (NYSE:D - Get Free Report) had its target price increased by equities research analysts at Morgan Stanley from $60.00 to $63.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the utilities provider's stock. Morgan Stanley's target price would suggest a potential upside of 16.04% from the stock's previous close.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. increased their price target on Dominion Energy from $58.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Scotiabank lifted their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 12th. Twelve equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $57.58.

Dominion Energy Stock Down 0.5 %

NYSE:D traded down $0.26 during trading hours on Thursday, hitting $54.29. 4,144,549 shares of the company traded hands, compared to its average volume of 4,056,614. 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 company has a market cap of $46.26 billion, a PE ratio of 20.11, a PEG ratio of 1.22 and a beta of 0.59. The firm's 50-day simple moving average is $55.21 and its 200-day simple moving average is $56.27. Dominion Energy has a one year low of $46.56 and a one year high of $61.97.

Remove Ads

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Equities analysts predict that Dominion Energy will post 3.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Howard Capital Management Group LLC purchased a new stake in Dominion Energy during the 3rd quarter worth about $210,000. Empowered Funds LLC increased its position in shares of Dominion Energy by 10.1% during the third quarter. Empowered Funds LLC now owns 14,460 shares of the utilities provider's stock valued at $836,000 after buying an additional 1,323 shares during the period. Quest Partners LLC lifted its holdings in shares of Dominion Energy by 771,000.0% in the third quarter. Quest Partners LLC now owns 7,711 shares of the utilities provider's stock worth $446,000 after buying an additional 7,710 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Dominion Energy in the third quarter valued at approximately $980,000. Finally, West Family Investments Inc. purchased a new position in Dominion Energy during the third quarter valued at approximately $204,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

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.