Dominion Energy (NYSE:D) was upgraded by stock analysts at Hilliard Lyons from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, The Fly reports.
Several other analysts have also issued reports on the stock. Bank of America started coverage on shares of Dominion Energy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $80.00 price target for the company. KeyCorp restated a “hold” rating on shares of Dominion Energy in a research report on Friday, October 20th. JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $78.00 to $82.00 and gave the company 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 $85.00 price target for the company in a research report on Wednesday, January 17th. Finally, Morgan Stanley upped their price target on shares of Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Dominion Energy has an average rating of “Hold” and a consensus target price of $82.22.
Shares of Dominion Energy (NYSE:D) traded up $0.13 during trading hours on Tuesday, reaching $75.22. 1,291,353 shares of the company traded hands, compared to its average volume of 5,351,690. Dominion Energy has a one year low of $70.87 and a one year high of $85.30. The stock has a market capitalization of $48,320.00, a price-to-earnings ratio of 15.36, a PEG ratio of 2.85 and a beta of 0.30. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29.
In other news, Director John W. Harris sold 5,616 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $80.71, for a total transaction of $453,267.36. Following the completion of the transaction, the director now directly owns 18,920 shares of the company’s stock, valued at $1,527,033.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company’s stock.
Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Dominion Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock worth $3,432,756,000 after buying an additional 1,194,152 shares in the last quarter. Wells Fargo & Company MN raised its stake in Dominion Energy by 4.0% in the third quarter. Wells Fargo & Company MN now owns 6,355,070 shares of the utilities provider’s stock worth $488,896,000 after buying an additional 244,870 shares in the last quarter. Legal & General Group Plc raised its stake in Dominion Energy by 6.0% in the third quarter. Legal & General Group Plc now owns 4,475,084 shares of the utilities provider’s stock worth $344,260,000 after buying an additional 253,699 shares in the last quarter. Commonwealth Bank of Australia raised its stake in Dominion Energy by 0.9% in the third quarter. Commonwealth Bank of Australia now owns 4,247,763 shares of the utilities provider’s stock worth $325,607,000 after buying an additional 36,643 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its stake in Dominion Energy by 24.1% in the third quarter. Epoch Investment Partners Inc. now owns 3,527,979 shares of the utilities provider’s stock worth $271,408,000 after buying an additional 684,637 shares in the last quarter. 64.54% of the stock is owned by hedge funds and other institutional investors.
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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.
