Dominion Energy Inc. (NYSE:D)‘s stock had its “neutral” rating reissued by analysts at Goldman Sachs Group, Inc. (The) in a research note issued to investors on Thursday. They presently have a $78.00 price objective on the utilities provider’s stock. Goldman Sachs Group, Inc. (The)’s price target suggests a potential downside of 1.49% from the stock’s current price.

Other analysts have also issued research reports about the stock. Royal Bank Of Canada set a $77.00 target price on shares of Dominion Energy and gave the stock a “hold” rating in a research report on Saturday, June 3rd. Deutsche Bank AG raised their target price on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Citigroup Inc. decreased their target price on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 26th. Finally, KeyCorp restated a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $80.25.

Dominion Energy (NYSE:D) traded up 1.42% on Thursday, reaching $79.18. The company had a trading volume of 2,623,665 shares. The stock has a 50 day moving average price of $78.31 and a 200 day moving average price of $78.00. Dominion Energy has a 52-week low of $69.51 and a 52-week high of $81.65. The stock has a market capitalization of $50.88 billion, a PE ratio of 22.92 and a beta of 0.29.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analyst estimates of $2.94 billion. During the same quarter last year, the business earned $0.71 earnings per share. Dominion Energy’s revenue was up 8.3% compared to the same quarter last year. Analysts expect that Dominion Energy will post $3.64 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Dominion Energy’s (D) “Neutral” Rating Reiterated at Goldman Sachs Group, Inc. (The)” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/09/14/dominion-energys-d-neutral-rating-reiterated-at-goldman-sachs-group-inc-the.html.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Waldron LP purchased a new position in shares of Dominion Energy in the 1st quarter valued at $236,000. Enterprise Financial Services Corp raised its stake in shares of Dominion Energy by 62.6% in the 1st quarter. Enterprise Financial Services Corp now owns 1,376 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 530 shares during the period. Wetherby Asset Management Inc. raised its stake in shares of Dominion Energy by 1.5% in the 1st quarter. Wetherby Asset Management Inc. now owns 8,457 shares of the utilities provider’s stock valued at $656,000 after acquiring an additional 122 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Dominion Energy by 8.8% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 51,672 shares of the utilities provider’s stock valued at $4,008,000 after acquiring an additional 4,187 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Dominion Energy by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 65,722 shares of the utilities provider’s stock valued at $5,098,000 after acquiring an additional 300 shares during the period. Institutional investors own 64.49% of the company’s stock.

About Dominion Energy

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)

Receive News & Ratings for Dominion Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.