Analysts Set Dominion Energy, Inc. (NYSE:D) Price Target at $56.58

Shares of Dominion Energy, Inc. (NYSE:D) have been assigned an average rating of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $56.58.

A number of analysts recently issued reports on the company. Scotiabank raised their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Barclays raised their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Morgan Stanley started coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective on the stock. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th.

Institutional Trading of Dominion Energy

Institutional investors have recently bought and sold shares of the business. Roble Belko & Company Inc purchased a new stake in shares of Dominion Energy during the 4th quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Dominion Energy during the 3rd quarter worth $28,000. Frazier Financial Advisors LLC purchased a new stake in Dominion Energy in the third quarter valued at $32,000. Dunhill Financial LLC boosted its stake in Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

NYSE:D opened at $55.73 on Thursday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The stock has a 50-day simple moving average of $55.20 and a two-hundred day simple moving average of $55.98. The firm has a market capitalization of $46.81 billion, a PE ratio of 19.55, a P/E/G ratio of 1.15 and a beta of 0.60. Dominion Energy has a 52-week low of $43.53 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.77 EPS. Analysts forecast that Dominion Energy will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 93.68%.

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.