Dominion Energy, Inc. (NYSE:D) Receives Average Recommendation of "Hold" from Analysts

Dominion Energy, Inc. (NYSE:D - Get Free Report) has been assigned an average recommendation of "Hold" from the ten research firms that are presently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $54.50.

Several research firms have recently weighed in on D. BMO Capital Markets raised their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a "market perform" rating in a research note on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Jefferies Financial Group began coverage on Dominion Energy in a research note on Friday. They set a "hold" rating and a $58.00 price objective for the company. Finally, Scotiabank raised their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 20th.

Dominion Energy Stock Performance

D traded up $0.45 during trading hours on Friday, hitting $57.93. The company's stock had a trading volume of 9,066,374 shares, compared to its average volume of 4,456,573. Dominion Energy has a fifty-two week low of $39.18 and a fifty-two week high of $58.94. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $48.60 billion, a PE ratio of 29.86, a PEG ratio of 1.57 and a beta of 0.60. The company has a 50-day simple moving average of $55.23 and a 200 day simple moving average of $51.95.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.09. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm's quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. As a group, sell-side analysts expect that Dominion Energy will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date is Friday, August 30th. Dominion Energy's dividend payout ratio (DPR) is presently 137.63%.

Institutional Investors Weigh In On Dominion Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Dominion Energy by 16.0% during the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider's stock valued at $4,346,193,000 after purchasing an additional 12,178,713 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Dominion Energy by 1.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider's stock valued at $1,452,145,000 after purchasing an additional 477,181 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Dominion Energy by 12.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider's stock valued at $1,204,904,000 after purchasing an additional 2,801,687 shares in the last quarter. Capital Research Global Investors boosted its holdings in Dominion Energy by 20.1% during the first quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider's stock valued at $1,061,740,000 after purchasing an additional 3,613,614 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Dominion Energy by 13.2% during the fourth quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider's stock valued at $869,184,000 after purchasing an additional 2,153,488 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

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.