Dominion Energy (NYSE:D) Stock Rating Upgraded by Argus

Argus upgraded shares of Dominion Energy (NYSE:D) to a hold rating in a report released on Tuesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on D. JPMorgan Chase & Co. upped their target price on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Morgan Stanley increased their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Scotiabank lifted their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, UBS Group upped their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Thirteen research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average target price of $57.58.

Dominion Energy Trading Up 1.1 %

Shares of D stock opened at $54.45 on Tuesday. The stock has a market cap of $46.39 billion, a P/E ratio of 20.17, a P/E/G ratio of 1.22 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy has a fifty-two week low of $46.62 and a fifty-two week high of $61.97. The business has a fifty day simple moving average of $55.18 and a 200-day simple moving average of $56.21.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. On average, analysts forecast that Dominion Energy will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

Institutional Trading of Dominion Energy

A number of institutional investors and hedge funds have recently made changes to their positions in D. 111 Capital purchased a new stake in shares of Dominion Energy during the 4th quarter worth about $759,000. Wealth Enhancement Advisory Services LLC grew its stake in Dominion Energy by 125.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 243,749 shares of the utilities provider’s stock worth $13,128,000 after buying an additional 135,637 shares during the period. Campbell Deegan Wealth Management LLC acquired a new stake in shares of Dominion Energy in the fourth quarter worth $346,000. Park Square Financial Group LLC purchased a new position in shares of Dominion Energy in the 4th quarter valued at $27,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Dominion Energy during the 4th quarter valued at $16,214,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

About Dominion Energy

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.