Shares of Dominion Energy Inc (NYSE:D) have been given an average rating of “Hold” by the seventeen research firms that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $85.13.
Several research analysts have recently weighed in on D shares. Wells Fargo & Co decreased their price target on Dominion Energy from $82.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday. Mizuho boosted their target price on Dominion Energy from $69.00 to $82.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. BMO Capital Markets upped their target price on shares of Dominion Energy from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, June 16th. UBS Group lifted their price target on shares of Dominion Energy from $87.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Finally, Seaport Global Securities started coverage on shares of Dominion Energy in a report on Tuesday, June 9th. They set a “buy” rating and a $93.00 price objective for the company.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Gallagher Fiduciary Advisors LLC bought a new position in shares of Dominion Energy during the 4th quarter valued at about $507,724,000. Norges Bank bought a new position in Dominion Energy during the fourth quarter valued at approximately $489,548,000. BlackRock Inc. grew its holdings in Dominion Energy by 3.8% during the 1st quarter. BlackRock Inc. now owns 60,458,867 shares of the utilities provider’s stock valued at $4,364,524,000 after buying an additional 2,186,966 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Dominion Energy by 27.5% in the 1st quarter. Nuveen Asset Management LLC now owns 6,647,232 shares of the utilities provider’s stock worth $479,864,000 after acquiring an additional 1,435,234 shares during the last quarter. Finally, Cohen & Steers Inc. purchased a new stake in shares of Dominion Energy during the 4th quarter worth approximately $90,230,000. 66.46% of the stock is owned by institutional investors and hedge funds.
Dominion Energy (NYSE:D) last released its earnings results on Tuesday, May 5th. The utilities provider reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.01). Dominion Energy had a return on equity of 11.97% and a net margin of 10.80%. The company had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same period last year, the firm posted $1.10 earnings per share. The company’s revenue was up 16.5% compared to the same quarter last year. As a group, equities research analysts forecast that Dominion Energy will post 4.33 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 20th. Stockholders of record on Friday, June 5th were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend was Thursday, June 4th. Dominion Energy’s dividend payout ratio (DPR) is 88.68%.
About Dominion Energy
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
Featured Story: Learning About the VIX – Volatility Index
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.