Dominion Energy (NYSE:D) Price Target Raised to $59.00 at JPMorgan Chase & Co.

Dominion Energy (NYSE:D) had its price target increased by equities research analysts at JPMorgan Chase & Co. from $58.00 to $59.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 3.94% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Scotiabank increased their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Morgan Stanley assumed coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $57.18.

Dominion Energy Stock Up 0.4 %

NYSE D traded up $0.22 during midday trading on Tuesday, hitting $56.76. 398,007 shares of the company traded hands, compared to its average volume of 4,757,087. Dominion Energy has a 52 week low of $46.56 and a 52 week high of $61.97. The company’s 50-day simple moving average is $55.10 and its 200-day simple moving average is $56.40. The company has a market cap of $48.37 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts forecast that Dominion Energy will post 3.39 earnings per share for the current year.

Institutional Trading of Dominion Energy

Several large investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in Dominion Energy during the 4th quarter worth $473,354,000. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Dominion Energy by 63.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after buying an additional 3,278,175 shares in the last quarter. American Century Companies Inc. boosted its position in Dominion Energy by 207.7% during the fourth quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock worth $202,724,000 after acquiring an additional 2,540,713 shares during the last quarter. Point72 Asset Management L.P. grew its stake in Dominion Energy by 10,324.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock valued at $130,074,000 after acquiring an additional 2,229,220 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Dominion Energy by 8,585.3% in the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider’s stock valued at $119,048,000 after acquiring an additional 2,184,873 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

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.