Dominion Energy (NYSE:D) PT Lowered to $80.00

Dominion Energy (NYSE:D) had its target price lowered by equities research analysts at Wells Fargo & Co from $82.00 to $80.00 in a report released on Monday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Wells Fargo & Co‘s price objective indicates a potential downside of 1.45% from the stock’s current price.

D has been the subject of several other research reports. UBS Group lifted their price target on shares of Dominion Energy from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Morgan Stanley lifted their price target on shares of Dominion Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 17th. Credit Suisse Group lifted their price target on shares of Dominion Energy from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Seaport Global Securities initiated coverage on shares of Dominion Energy in a research report on Tuesday, June 9th. They set a “buy” rating and a $93.00 price target for the company. Finally, BMO Capital Markets lifted their price target on shares of Dominion Energy from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 16th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $85.13.

Shares of D stock opened at $81.18 on Monday. Dominion Energy has a 12-month low of $57.79 and a 12-month high of $90.89. The company has a market capitalization of $66.87 billion, a P/E ratio of 36.90, a P/E/G ratio of 3.89 and a beta of 0.44. The firm has a 50-day moving average price of $82.28 and a 200 day moving average price of $81.08. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 1.14.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.01). The company had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.74 billion. Dominion Energy had a net margin of 10.80% and a return on equity of 11.97%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 EPS. As a group, research analysts expect that Dominion Energy will post 4.33 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Assetmark Inc. lifted its position in shares of Dominion Energy by 2.5% in the fourth quarter. Assetmark Inc. now owns 4,939 shares of the utilities provider’s stock worth $409,000 after purchasing an additional 122 shares in the last quarter. Biltmore Capital Advisors LLC lifted its position in shares of Dominion Energy by 4.7% in the first quarter. Biltmore Capital Advisors LLC now owns 2,884 shares of the utilities provider’s stock worth $208,000 after purchasing an additional 129 shares in the last quarter. Violich Capital Management Inc. increased its holdings in Dominion Energy by 0.4% during the first quarter. Violich Capital Management Inc. now owns 32,280 shares of the utilities provider’s stock worth $2,330,000 after buying an additional 130 shares during the last quarter. Prestige Wealth Management Group LLC increased its holdings in Dominion Energy by 35.1% during the first quarter. Prestige Wealth Management Group LLC now owns 520 shares of the utilities provider’s stock worth $38,000 after buying an additional 135 shares during the last quarter. Finally, Martin Capital Partners LLC increased its holdings in Dominion Energy by 0.5% during the first quarter. Martin Capital Partners LLC now owns 28,300 shares of the utilities provider’s stock worth $2,043,000 after buying an additional 140 shares during the last quarter. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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Analyst Recommendations for Dominion Energy (NYSE:D)

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