Dominion Energy Inc. (NYSE:D) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $79.83.

D has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Monday, April 10th. Deutsche Bank AG upped their target price on shares of Dominion Energy from $74.00 to $76.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Barclays PLC reiterated an “overweight” rating and set a $89.00 price target (up previously from $80.00) on shares of Dominion Energy in a report on Sunday, April 23rd. Morgan Stanley lowered their price target on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a report on Monday, May 8th. Finally, Royal Bank Of Canada set a $77.00 price target on shares of Dominion Energy and gave the stock a “hold” rating in a report on Saturday, June 3rd.

Dominion Energy (NYSE D) traded down 0.0728% during trading on Tuesday, hitting $77.8633. 674,457 shares of the stock were exchanged. The stock’s 50 day moving average price is $77.52 and its 200 day moving average price is $77.14. Dominion Energy has a 12 month low of $69.51 and a 12 month high of $81.65. The stock has a market cap of $48.91 billion, a P/E ratio of 22.5299 and a beta of 0.28.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.01. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts forecast that Dominion Energy will post $3.65 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 3.88%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 87.28%.

A number of hedge funds and other institutional investors have recently bought and sold shares of D. Sheets Smith Wealth Management boosted its position in shares of Dominion Energy by 2.6% in the first quarter. Sheets Smith Wealth Management now owns 3,081 shares of the utilities provider’s stock valued at $239,000 after buying an additional 78 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Dominion Energy by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 193,420 shares of the utilities provider’s stock valued at $15,003,000 after buying an additional 2,440 shares during the last quarter. National Pension Service boosted its position in shares of Dominion Energy by 8.2% in the first quarter. National Pension Service now owns 450,294 shares of the utilities provider’s stock valued at $34,857,000 after buying an additional 34,171 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Dominion Energy by 6.8% in the first quarter. Bank of Montreal Can now owns 432,917 shares of the utilities provider’s stock valued at $33,581,000 after buying an additional 27,629 shares during the last quarter. Finally, Regentatlantic Capital LLC boosted its position in shares of Dominion Energy by 1.9% in the first quarter. Regentatlantic Capital LLC now owns 8,082 shares of the utilities provider’s stock valued at $627,000 after buying an additional 147 shares during the last quarter. Institutional investors own 66.12% of the company’s stock.

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Dominion Energy Company Profile

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

Analyst Recommendations for Dominion Energy (NYSE:D)

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