Dominion Energy (NYSE:D) received a $87.00 target price from stock analysts at Bank of America in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the utilities provider’s stock. Bank of America’s price target suggests a potential upside of 12.71% from the stock’s previous close.
D has been the subject of several other reports. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Tuesday, October 3rd. Gabelli restated a “hold” rating on shares of Dominion Energy in a report on Wednesday, November 1st. Citigroup boosted their price target 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. Finally, KeyCorp restated a “hold” rating on shares of Dominion Energy in a report on Friday, October 20th. Twelve equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $82.20.
Dominion Energy (NYSE D) traded down $3.09 during trading hours on Wednesday, hitting $77.19. 14,587,364 shares of the stock traded hands, compared to its average volume of 8,375,000. The company has a current ratio of 0.47, a quick ratio of 0.29 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $49,670.00, a P/E ratio of 22.77, a PEG ratio of 3.57 and a beta of 0.30. Dominion Energy has a one year low of $70.87 and a one year high of $85.30.
Dominion Energy (NYSE:D) last posted its earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.02 by $0.02. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.31 billion. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 earnings per share. equities research analysts predict that Dominion Energy will post 3.6 earnings per share for the current year.
In other Dominion Energy news, Director John W. Harris sold 5,616 shares of the business’s 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 transaction, the director now directly owns 18,920 shares in the company, valued at $1,527,033.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in D. BlackRock Inc. lifted its stake in shares of Dominion Energy by 3,615.9% during the 1st quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock valued at $3,530,873,000 after buying an additional 44,293,566 shares in the last quarter. Norges Bank bought a new stake in Dominion Energy during the 4th quarter worth approximately $334,387,000. Capital World Investors increased its holdings in Dominion Energy by 21.8% during the 2nd quarter. Capital World Investors now owns 25,312,923 shares of the utilities provider’s stock worth $1,972,636,000 after acquiring an additional 4,536,023 shares during the period. Cohen & Steers Inc. increased its holdings in Dominion Energy by 241.0% during the 2nd quarter. Cohen & Steers Inc. now owns 4,114,062 shares of the utilities provider’s stock worth $417,289,000 after acquiring an additional 2,907,439 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Dominion Energy by 10.3% during the 1st quarter. Wellington Management Group LLP now owns 28,779,149 shares of the utilities provider’s stock worth $2,161,888,000 after acquiring an additional 2,689,111 shares during the period. Hedge funds and other institutional investors own 64.60% 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.