Shares of Dominion Energy Inc. (NYSE:D) have been given an average rating of “Hold” by the sixteen ratings firms that are presently covering the company, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $81.78.

Several equities research analysts have weighed in on the stock. National Bank Financial lowered shares of Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a report on Wednesday, October 4th. Citigroup increased their price objective on shares of Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 17th. Bank of America set a $87.00 price objective on shares of Dominion Energy and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley increased their price objective on shares of Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Finally, Gabelli reissued a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st.

In related news, Director John W. Harris sold 5,616 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $1,527,033.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.37% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Tradewinds Capital Management LLC lifted its stake in shares of Dominion Energy by 0.9% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after buying an additional 12 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new stake in shares of Dominion Energy during the 2nd quarter worth about $103,000. Johnson Financial Group Inc. lifted its stake in shares of Dominion Energy by 146.8% during the 3rd quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock worth $103,000 after buying an additional 800 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in shares of Dominion Energy by 336.3% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock worth $107,000 after buying an additional 1,076 shares during the last quarter. Finally, Pacad Investment Ltd. acquired a new stake in shares of Dominion Energy during the 2nd quarter worth about $107,000. 64.60% of the stock is owned by institutional investors and hedge funds.

Dominion Energy (D) traded down $0.36 on Friday, reaching $76.83. 7,144,300 shares of the company’s stock traded hands, compared to its average volume of 7,965,033. 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 firm has a market capitalization of $49,500.00, a price-to-earnings ratio of 22.66, a PEG ratio of 3.39 and a beta of 0.30. Dominion Energy has a 12 month low of $70.87 and a 12 month high of $85.30.

Dominion Energy (NYSE:D) last posted its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.02. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.31 billion. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $1.14 earnings per share. research analysts forecast that Dominion Energy will post 3.6 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Friday, December 1st were given a $0.77 dividend. The ex-dividend date was Thursday, November 30th. This represents a $3.08 dividend on an annualized basis and a yield of 4.01%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio (DPR) is 90.86%.

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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)

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