Dominion Energy (NYSE:D - Get Free Report)'s stock had its "underweight" rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a $52.00 price objective on the utilities provider's stock, down from their previous price objective of $59.00. JPMorgan Chase & Co.'s target price points to a potential downside of 1.28% from the company's previous close.
D has been the subject of several other research reports. UBS Group raised their target price on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Morgan Stanley increased their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Finally, Scotiabank increased their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $57.00.
View Our Latest Stock Report on Dominion Energy
Dominion Energy Stock Performance
Shares of D traded up $0.74 during mid-day trading on Tuesday, hitting $52.67. The stock had a trading volume of 5,152,819 shares, compared to its average volume of 4,318,552. 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 $44.89 billion, a PE ratio of 19.51, a PEG ratio of 1.22 and a beta of 0.57. Dominion Energy has a fifty-two week low of $46.62 and a fifty-two week high of $61.97. The company's fifty day simple moving average is $54.74 and its two-hundred day simple moving average is $55.81.
Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts expect that Dominion Energy will post 3.39 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Howard Capital Management Group LLC acquired a new stake in shares of Dominion Energy in the third quarter valued at approximately $210,000. Kovitz Investment Group Partners LLC bought a new position in shares of Dominion Energy during the 3rd quarter valued at about $980,000. EP Wealth Advisors LLC boosted its holdings in shares of Dominion Energy by 9.2% in the third quarter. EP Wealth Advisors LLC now owns 9,321 shares of the utilities provider's stock valued at $539,000 after buying an additional 783 shares during the period. National Bank of Canada FI increased its holdings in Dominion Energy by 61.0% during the 3rd quarter. National Bank of Canada FI now owns 467,014 shares of the utilities provider's stock worth $26,988,000 after purchasing an additional 176,932 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Dominion Energy by 3.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 275,300 shares of the utilities provider's stock worth $15,910,000 after buying an additional 8,957 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.
About Dominion Energy
(
Get Free Report)
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.
Featured Stories
Before you consider Dominion Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dominion Energy wasn't on the list.
While Dominion Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
