Dominion Energy (NYSE:D) PT Raised to $57.00

Dominion Energy (NYSE:D) had its target price raised by BMO Capital Markets from $53.00 to $57.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have a market perform rating on the utilities provider’s stock.

Several other equities analysts also recently weighed in on D. Mizuho raised their price target on Dominion Energy from $45.00 to $52.00 and gave the company a neutral rating in a report on Friday, May 3rd. Bank of America upgraded shares of Dominion Energy from an underperform rating to a neutral rating and raised their price objective for the company from $43.00 to $54.00 in a research note on Friday, May 10th. Barclays dropped their target price on shares of Dominion Energy from $50.00 to $49.00 and set an overweight rating on the stock in a research note on Monday, April 15th. Evercore ISI raised their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the company an in-line rating in a research report on Friday, May 3rd. Finally, Scotiabank lowered their price objective on Dominion Energy from $49.00 to $48.00 and set a sector perform rating on the stock in a research report on Monday, April 22nd. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Dominion Energy currently has an average rating of Hold and a consensus target price of $52.18.

Dominion Energy Trading Down 1.7 %

Shares of NYSE D opened at $54.18 on Monday. The stock has a market cap of $45.45 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 1.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. Dominion Energy has a 1 year low of $39.18 and a 1 year high of $57.60. The firm has a 50-day moving average of $51.36 and a 200 day moving average of $49.59.

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

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 annualized dividend and a dividend yield of 4.93%. Dominion Energy’s payout ratio is 137.63%.

Institutional Trading of Dominion Energy

Several large investors have recently modified their holdings of D. International Assets Investment Management LLC lifted its stake in shares of Dominion Energy by 1,797.9% in the 4th quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock worth $7,798,000 after purchasing an additional 157,175 shares during the period. Allworth Financial LP boosted its stake in shares of Dominion Energy by 59.2% during the 4th quarter. Allworth Financial LP now owns 13,324 shares of the utilities provider’s stock worth $626,000 after acquiring an additional 4,957 shares during the last quarter. Prime Capital Investment Advisors LLC grew its position in shares of Dominion Energy by 8.3% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 42,419 shares of the utilities provider’s stock valued at $1,994,000 after acquiring an additional 3,238 shares during the period. Stratos Wealth Advisors LLC increased its stake in shares of Dominion Energy by 5.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 10,007 shares of the utilities provider’s stock worth $470,000 after purchasing an additional 486 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Dominion Energy by 57.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 111,904 shares of the utilities provider’s stock worth $5,259,000 after purchasing an additional 40,739 shares during the period. Institutional investors 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.