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

Shares of Dominion Energy, Inc. (NYSE:D) have earned a consensus rating of “Hold” from the ten analysts that are covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $55.40.

D has been the subject of a number of research reports. Jefferies Financial Group began coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. BMO Capital Markets boosted their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Barclays raised their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Scotiabank upped their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Family Firm Inc. bought a new position in shares of Dominion Energy in the second quarter valued at $27,000. Rise Advisors LLC bought a new position in Dominion Energy in the 1st quarter valued at about $30,000. LRI Investments LLC acquired a new position in Dominion Energy during the 1st quarter valued at about $30,000. Triad Wealth Partners LLC bought a new stake in Dominion Energy during the 2nd quarter worth approximately $33,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Dominion Energy in the second quarter worth approximately $35,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of D stock opened at $60.03 on Tuesday. The business has a fifty day simple moving average of $57.21 and a 200 day simple moving average of $53.44. The company has a market cap of $50.28 billion, a P/E ratio of 30.94, a P/E/G ratio of 1.60 and a beta of 0.60. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Dominion Energy has a twelve month low of $39.18 and a twelve month high of $60.73.

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

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.45%. The ex-dividend date was Friday, August 30th. Dominion Energy’s dividend payout ratio is presently 137.63%.

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.