Dominion Energy (NYSE:D) had its price objective increased by investment analysts at Morgan Stanley from $85.00 to $87.00 in a report issued on Wednesday. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 3.35% from the company’s current price.
D has been the topic of a number of other reports. J P Morgan Chase & Co increased their target price on shares of Dominion Energy from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Tuesday, October 3rd. Gabelli reissued a “hold” rating on shares of Dominion Energy in a report on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Finally, Citigroup increased their target price on shares of Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Fourteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $81.50.
Dominion Energy (NYSE:D) traded up $0.75 during midday trading on Wednesday, reaching $84.18. 1,387,236 shares of the company’s stock were exchanged, compared to its average volume of 2,316,926. Dominion Energy has a 12-month low of $70.87 and a 12-month high of $84.83. The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 1.67. The company has a market cap of $54,146.60, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 4.14 and a beta of 0.29.
In related news, Director John W. Harris sold 5,616 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $80.71, for a total value of $453,267.36. Following the completion of the transaction, the director now owns 18,920 shares in the company, valued at approximately $1,527,033.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.37% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in D. Nuveen Asset Management LLC grew its position in Dominion Energy by 35.4% in the 1st quarter. Nuveen Asset Management LLC now owns 607,635 shares of the utilities provider’s stock valued at $47,134,000 after buying an additional 158,903 shares in the last quarter. Park National Corp OH boosted its position in shares of Dominion Energy by 17.9% during the 2nd quarter. Park National Corp OH now owns 31,764 shares of the utilities provider’s stock valued at $2,434,000 after purchasing an additional 4,829 shares in the last quarter. Bath Savings Trust Co boosted its position in shares of Dominion Energy by 9.7% during the 2nd quarter. Bath Savings Trust Co now owns 10,294 shares of the utilities provider’s stock valued at $789,000 after purchasing an additional 914 shares in the last quarter. Triangle Securities Wealth Management boosted its position in shares of Dominion Energy by 8.1% during the 2nd quarter. Triangle Securities Wealth Management now owns 18,846 shares of the utilities provider’s stock valued at $1,444,000 after purchasing an additional 1,405 shares in the last quarter. Finally, Catawba Capital Management VA boosted its position in shares of Dominion Energy by 16.0% during the 2nd quarter. Catawba Capital Management VA now owns 28,149 shares of the utilities provider’s stock valued at $2,157,000 after purchasing an additional 3,885 shares in the last quarter. Hedge funds and other institutional investors own 64.67% 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.
