Dominion Energy, Inc. (NYSE:D) Receives $55.91 Consensus Price Target from Analysts

Dominion Energy, Inc. (NYSE:D) has received an average recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $55.91.

Several equities analysts recently commented on D shares. Jefferies Financial Group started coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. BMO Capital Markets increased their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Barclays increased their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th.

Dominion Energy Stock Down 0.8 %

Dominion Energy stock opened at $56.58 on Friday. Dominion Energy has a twelve month low of $43.53 and a twelve month high of $61.97. The stock’s fifty day simple moving average is $58.06 and its 200-day simple moving average is $54.50. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $47.53 billion, a P/E ratio of 19.85, a P/E/G ratio of 1.52 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the prior year, the company earned $0.77 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. As a group, equities analysts expect that Dominion Energy will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.72%. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Institutional Investors Weigh In On Dominion Energy

Hedge funds have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. lifted its position in Dominion Energy by 0.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 107,254 shares of the utilities provider’s stock valued at $5,276,000 after purchasing an additional 280 shares during the period. Empowered Funds LLC lifted its position in Dominion Energy by 27.0% in the first quarter. Empowered Funds LLC now owns 11,313 shares of the utilities provider’s stock valued at $556,000 after purchasing an additional 2,406 shares during the period. SG Americas Securities LLC lifted its position in Dominion Energy by 105.0% in the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock valued at $4,777,000 after purchasing an additional 49,740 shares during the period. Illinois Municipal Retirement Fund lifted its position in Dominion Energy by 316.4% in the first quarter. Illinois Municipal Retirement Fund now owns 118,471 shares of the utilities provider’s stock valued at $5,828,000 after purchasing an additional 90,020 shares during the period. Finally, Forsta AP Fonden lifted its position in Dominion Energy by 20.9% in the first quarter. Forsta AP Fonden now owns 207,900 shares of the utilities provider’s stock valued at $10,227,000 after purchasing an additional 35,900 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.