Dominion Energy, Inc. (NYSE:D) Receives Consensus Rating of “Hold” from Brokerages

Dominion Energy, Inc. (NYSE:D) has earned a consensus rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $54.50.

D has been the topic of several recent research reports. BMO Capital Markets raised their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Scotiabank lifted their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock.

Institutional Trading of Dominion Energy

Hedge funds have recently added to or reduced their stakes in the business. Family Firm Inc. bought a new position in shares of Dominion Energy during the second quarter valued at about $27,000. Rise Advisors LLC purchased a new position in shares of Dominion Energy during the first quarter valued at about $30,000. LRI Investments LLC purchased a new position in shares of Dominion Energy during the first quarter valued at about $32,000. Triad Wealth Partners LLC purchased a new position in shares of Dominion Energy during the second quarter valued at about $33,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Dominion Energy during the second quarter valued at about $35,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $57.02 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The business has a 50-day moving average price of $55.48 and a two-hundred day moving average price of $52.16. Dominion Energy has a 1-year low of $39.18 and a 1-year high of $58.94. The company has a market cap of $47.76 billion, a P/E ratio of 29.39, a PEG ratio of 1.57 and a beta of 0.60.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.56 by $0.09. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. As a group, analysts anticipate that Dominion Energy will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.68%. The ex-dividend date was Friday, August 30th. Dominion Energy’s dividend payout ratio is presently 137.63%.

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.