Dominion Energy (NYSE:D) PT Raised to $58.00

Dominion Energy (NYSE:D) had its price objective increased by Barclays from $54.00 to $58.00 in a report issued on Tuesday, Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

D has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Jefferies Financial Group assumed coverage on Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. BMO Capital Markets upped their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Finally, Scotiabank upped their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $55.40.

Dominion Energy Trading Up 0.3 %

Shares of NYSE D opened at $59.92 on Tuesday. The stock has a market cap of $50.19 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 1.52 and a beta of 0.60. The business has a 50 day simple moving average of $57.10 and a 200 day simple moving average of $53.29. Dominion Energy has a 52 week low of $39.18 and a 52 week high of $60.73. 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 (NYSE:D) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.56 by $0.09. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. On average, research analysts predict that Dominion Energy will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were paid a $0.6675 dividend. 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 4.46%. Dominion Energy’s payout ratio is 137.63%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Family Firm Inc. acquired a new position in shares of Dominion Energy in the second quarter valued at $27,000. Rise Advisors LLC acquired a new position in shares of Dominion Energy in the first quarter valued at $30,000. LRI Investments LLC acquired a new position in shares of Dominion Energy in the first quarter valued at $32,000. Triad Wealth Partners LLC acquired a new position in shares of Dominion Energy in the second quarter valued at $33,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Dominion Energy in the second quarter valued at $35,000. 73.04% of the stock is currently 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.