Dominion Energy (NYSE:D) Trading 0.3% Higher

Dominion Energy, Inc. (NYSE:D) shares traded up 0.3% during trading on Thursday . The company traded as high as $48.64 and last traded at $48.45. 634,671 shares changed hands during trading, a decline of 88% from the average session volume of 5,397,019 shares. The stock had previously closed at $48.32.

Analyst Ratings Changes

A number of brokerages have recently weighed in on D. BMO Capital Markets cut shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a research report on Monday, March 11th. Wells Fargo & Company lifted their price target on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Scotiabank reduced their price target on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Monday, March 4th. Mizuho reduced their price target on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Finally, StockNews.com cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.10.

Dominion Energy Stock Up 0.5 %

The firm has a market capitalization of $40.67 billion, a P/E ratio of 20.79, a PEG ratio of 1.84 and a beta of 0.61. The firm’s 50-day moving average is $47.41 and its 200 day moving average is $45.99. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The business had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period last year, the firm earned $1.06 earnings per share. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. As a group, equities research analysts predict that Dominion Energy, Inc. will post 2.86 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were given a dividend of $0.6675 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.67 annualized dividend and a yield of 5.50%. Dominion Energy’s dividend payout ratio (DPR) is presently 114.59%.

Insiders Place Their Bets

In other news, Director Joseph M. Rigby acquired 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The shares were bought at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the purchase, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Robert M. Blue acquired 21,735 shares of the stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the purchase, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph M. Rigby acquired 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the purchase, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The disclosure for this purchase can be found here. Insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of D. Wellington Management Group LLP grew its stake in Dominion Energy by 631.2% in the 3rd quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock valued at $729,898,000 after buying an additional 14,105,237 shares during the last quarter. Capital Research Global Investors boosted its holdings in Dominion Energy by 136.5% in the 4th quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock valued at $844,630,000 after purchasing an additional 10,370,768 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in Dominion Energy by 93,554.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock valued at $604,953,000 after purchasing an additional 9,854,975 shares during the period. Norges Bank bought a new stake in Dominion Energy in the 4th quarter valued at about $329,792,000. Finally, Dodge & Cox boosted its holdings in Dominion Energy by 39.6% in the 4th quarter. Dodge & Cox now owns 22,800,383 shares of the utilities provider’s stock valued at $1,071,618,000 after purchasing an additional 6,472,100 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.