Dominion Energy (NYSE:D) Price Target Raised to $60.00

Dominion Energy (NYSE:D) had its target price boosted by equities researchers at UBS Group from $58.00 to $60.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the utilities provider’s stock. UBS Group’s target price indicates a potential upside of 9.65% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Scotiabank boosted 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 report on Thursday, December 12th. Morgan Stanley upped their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Twelve research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average target price of $57.58.

Dominion Energy Stock Down 0.5 %

Shares of Dominion Energy stock traded down $0.26 during trading on Friday, hitting $54.72. 1,428,330 shares of the stock were exchanged, compared to its average volume of 4,035,563. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm’s 50-day moving average price is $55.17 and its 200 day moving average price is $56.31. The stock has a market cap of $46.62 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. Dominion Energy has a 12-month low of $46.56 and a 12-month high of $61.97.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, analysts forecast that Dominion Energy will post 3.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in shares of Dominion Energy by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock worth $298,481,000 after purchasing an additional 43,055 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after acquiring an additional 3,278,175 shares during the period. Barclays PLC boosted its stake in shares of Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after acquiring an additional 404,868 shares in the last quarter. Czech National Bank grew its holdings in shares of Dominion Energy by 6.6% in the 4th quarter. Czech National Bank now owns 182,131 shares of the utilities provider’s stock worth $9,810,000 after acquiring an additional 11,231 shares during the period. Finally, HB Wealth Management LLC lifted its stake in Dominion Energy by 15.6% in the 4th quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider’s stock valued at $1,939,000 after buying an additional 4,861 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

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.