Dominion Energy (NYSE:D) Shares Up 0.7%

Dominion Energy, Inc. (NYSE:D)’s share price shot up 0.7% during mid-day trading on Wednesday . The stock traded as high as $51.43 and last traded at $51.35. 679,421 shares changed hands during trading, a decline of 87% from the average session volume of 5,232,264 shares. The stock had previously closed at $50.98.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on D. StockNews.com lowered Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Scotiabank cut their price target on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Guggenheim cut their price target on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Bank of America increased their price target on Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 23rd. Finally, Mizuho cut their price target on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average price target of $49.10.

Dominion Energy Trading Up 1.0 %

The firm has a 50 day simple moving average of $48.39 and a 200 day simple moving average of $46.55. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04. The firm has a market cap of $43.13 billion, a P/E ratio of 22.04, a P/E/G ratio of 3.42 and a beta of 0.61.

Dominion Energy (NYSE:D) last issued its 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). The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.06 EPS. On average, equities research analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Insider Activity

In other Dominion Energy news, Director Joseph M. Rigby purchased 2,130 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Robert M. Blue acquired 21,735 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the acquisition, the chief executive officer now owns 176,240 shares in the company, valued at approximately $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 firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the acquisition, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Corporate insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Dominion Energy

A number of large investors have recently modified their holdings of D. Wellington Management Group LLP raised its holdings in shares of Dominion Energy by 631.2% during 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 in the last quarter. Capital Research Global Investors increased its stake 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 worth $844,630,000 after purchasing an additional 10,370,768 shares during the period. Norges Bank purchased a new position in Dominion Energy in the 4th quarter worth approximately $329,792,000. ClearBridge Investments Ltd purchased a new position in Dominion Energy in the 4th quarter worth approximately $214,220,000. Finally, JPMorgan Chase & Co. increased its stake in Dominion Energy by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after purchasing an additional 1,928,823 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

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.