Dominion Energy (NYSE:D) Price Target Raised to $63.00

Dominion Energy (NYSE:D) had its price objective upped by equities researchers at Morgan Stanley from $60.00 to $63.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 14.91% from the company’s current price.

Other analysts have also recently issued reports about the stock. Scotiabank upped their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $57.36.

Dominion Energy Price Performance

NYSE D traded down $0.08 on Thursday, reaching $54.83. The company’s stock had a trading volume of 1,101,985 shares, compared to its average volume of 4,037,208. The firm has a market cap of $46.71 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The business has a 50-day moving average price of $55.16 and a 200 day moving average price of $56.32. Dominion Energy has a 52 week low of $46.56 and a 52 week high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Sell-side analysts expect that Dominion Energy will post 3.39 EPS for the current year.

Institutional Trading of Dominion Energy

Several hedge funds have recently modified their holdings of D. Norges Bank acquired a new position in Dominion Energy in the fourth quarter valued at approximately $473,354,000. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after acquiring an additional 3,278,175 shares during the period. American Century Companies Inc. raised its holdings in shares of Dominion Energy by 207.7% during the fourth quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock worth $202,724,000 after acquiring an additional 2,540,713 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of Dominion Energy by 10,324.8% during the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock worth $130,074,000 after acquiring an additional 2,229,220 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of Dominion Energy by 8,585.3% during the fourth quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider’s stock worth $119,048,000 after acquiring an additional 2,184,873 shares during the period. 73.04% of the stock is owned by 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.