Dominion Energy, Inc. (NYSE:D) Receives Average Recommendation of “Hold” from Brokerages

Dominion Energy, Inc. (NYSE:D) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $54.50.

A number of equities research analysts have recently commented on the stock. Scotiabank increased their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. BMO Capital Markets raised their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Jefferies Financial Group started coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock.

Dominion Energy Price Performance

Shares of D opened at $57.02 on Friday. The stock has a market cap of $47.76 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 1.57 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. Dominion Energy has a fifty-two week low of $39.18 and a fifty-two week high of $58.94. The firm’s 50-day simple moving average is $55.48 and its two-hundred day simple moving average is $52.16.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts anticipate that Dominion Energy will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.68%. Dominion Energy’s payout ratio is currently 137.63%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of D. Vanguard Group Inc. grew its holdings in Dominion Energy by 16.0% during the 1st quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after buying an additional 12,178,713 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Dominion Energy by 136.5% in the 4th quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock valued at $844,630,000 after purchasing an additional 10,370,768 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Dominion Energy by 12.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock worth $1,204,904,000 after purchasing an additional 2,801,687 shares during the period. Wellington Management Group LLP increased its position in shares of Dominion Energy by 13.2% during the 4th 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 during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in Dominion Energy during the 2nd quarter valued at $67,854,000. Institutional investors own 73.04% of the company’s stock.

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.