Dominion Energy (NYSE:D) Given New $60.00 Price Target at UBS Group

Dominion Energy (NYSE:D - Free Report) had its target price increased by UBS Group from $58.00 to $60.00 in a report released on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the utilities provider's stock.

Several other research firms have also weighed in on D. Morgan Stanley increased their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Scotiabank raised their price objective 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. Finally, JPMorgan Chase & Co. boosted their target price on Dominion Energy from $58.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Twelve investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and a consensus price target of $57.58.

Dominion Energy Trading Down 2.7 %

Shares of NYSE:D traded down $1.47 during midday trading on Friday, hitting $52.86. The company had a trading volume of 5,101,296 shares, compared to its average volume of 4,056,062. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy has a 12 month low of $46.56 and a 12 month high of $61.97. The firm has a fifty day simple moving average of $55.19 and a 200 day simple moving average of $56.24. The stock has a market cap of $45.04 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.22 and a beta of 0.59.

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

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy's dividend payout ratio (DPR) is currently 98.89%.

Institutional Trading of Dominion Energy

A number of institutional investors have recently made changes to their positions in the business. Cape Investment Advisory Inc. lifted its position in 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 increased its position in shares of 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 valued at $25,000 after acquiring an additional 378 shares during the last quarter. BankPlus Trust Department bought a new stake in Dominion Energy during the fourth quarter worth about $26,000. Roble Belko & Company Inc acquired a new position in Dominion Energy during the fourth quarter valued at approximately $27,000. Finally, Fairway Wealth LLC bought a new position in Dominion Energy in the fourth quarter valued at approximately $27,000. Institutional investors own 73.04% of the company's stock.

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.