Dominion Energy Inc. (NYSE:D) Receives Average Recommendation of “Hold” from Analysts

Shares of Dominion Energy Inc. (NYSE:D) have received a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $64.3333.

A number of brokerages recently weighed in on D. Morgan Stanley lifted their price objective on shares of Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their price target on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research note on Thursday, December 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a report on Monday, December 29th. Evercore ISI initiated coverage on Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price objective on the stock. Finally, BTIG Research initiated coverage on Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating for the company.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $60.11 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41. The stock’s fifty day moving average is $59.65 and its two-hundred day moving average is $60.04. Dominion Energy has a 52 week low of $48.07 and a 52 week high of $62.87. The company has a market capitalization of $51.33 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 1.63 and a beta of 0.71.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.71 billion. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The business’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 earnings per share. As a group, analysts expect that Dominion Energy will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, February 27th. Dominion Energy’s dividend payout ratio is presently 90.82%.

Hedge Funds Weigh In On Dominion Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. CoreFirst Bank & Trust bought a new position in Dominion Energy in the second quarter worth approximately $25,000. Westside Investment Management Inc. raised its position in shares of Dominion Energy by 123.3% in the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 259 shares in the last quarter. Triumph Capital Management purchased a new stake in shares of Dominion Energy during the 3rd quarter worth $28,000. United Community Bank bought a new stake in Dominion Energy during the third quarter valued at about $29,000. Finally, JPL Wealth Management LLC bought a new stake in Dominion Energy during the third quarter valued at about $30,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Company Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.