Dominion Energy (NYSE:D) had its price objective reduced by equities researchers at Argus from $87.00 to $80.00 in a research report issued on Tuesday, The Fly reports. Argus’ price objective would indicate a potential upside of 8.04% from the company’s current price.
Other research analysts also recently issued reports about the stock. BMO Capital Markets downgraded shares of Dominion Energy from a “market perform” rating to an “underperform” rating and set a $68.00 price target on the stock. in a research note on Tuesday. Seaport Global Securities assumed coverage on shares of Dominion Energy in a research note on Tuesday, June 9th. They issued a “buy” rating and a $93.00 target price on the stock. Morgan Stanley lifted their target price on shares of Dominion Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 17th. Mizuho downgraded shares of Dominion Energy from a “neutral” rating to an “underperform” rating and set a $68.00 target price on the stock. in a research note on Tuesday. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Dominion Energy in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $82.19.
Shares of D stock traded up $0.46 during trading hours on Tuesday, hitting $74.05. 351,891 shares of the company’s stock were exchanged, compared to its average volume of 3,981,807. The company has a market capitalization of $69.40 billion, a PE ratio of 33.78, a PEG ratio of 4.04 and a beta of 0.42. Dominion Energy has a 12-month low of $57.79 and a 12-month high of $90.89. The business’s 50 day simple moving average is $82.70 and its 200-day simple moving average is $81.12. The company has a current ratio of 0.63, a quick ratio of 0.47 and a debt-to-equity ratio of 1.14.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.01). The business had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.74 billion. Dominion Energy had a return on equity of 11.97% and a net margin of 10.80%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the business posted $1.10 earnings per share. Equities analysts anticipate that Dominion Energy will post 4.33 EPS for the current year.
Hedge funds have recently made changes to their positions in the company. Brooktree Capital Management bought a new stake in shares of Dominion Energy during the 1st quarter valued at $29,000. Ballast Advisors LLC bought a new stake in shares of Dominion Energy during the 1st quarter valued at $35,000. Bellevue Asset Management LLC boosted its holdings in shares of Dominion Energy by 50.0% during the 1st quarter. Bellevue Asset Management LLC now owns 450 shares of the utilities provider’s stock valued at $35,000 after buying an additional 150 shares in the last quarter. Key Financial Inc bought a new stake in shares of Dominion Energy during the 1st quarter valued at $38,000. Finally, Prestige Wealth Management Group LLC boosted its holdings in shares of Dominion Energy by 35.1% during the 1st quarter. Prestige Wealth Management Group LLC now owns 520 shares of the utilities provider’s stock valued at $38,000 after buying an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 66.46% of the company’s stock.
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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