Dominion Energy (NYSE:D) Shares Up 0.3%

Dominion Energy, Inc. (NYSE:D)’s share price shot up 0.3% during mid-day trading on Thursday . The stock traded as high as $48.64 and last traded at $48.45. 634,671 shares changed hands during trading, a decline of 88% from the average session volume of 5,397,019 shares. The stock had previously closed at $48.32.

Wall Street Analyst Weigh In

D has been the subject of a number of research analyst reports. Scotiabank dropped their price objective on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a report on Monday, March 4th. Barclays reduced their target price on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. BMO Capital Markets downgraded shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target for the company. in a research note on Monday, March 11th. Wells Fargo & Company lifted their price objective on Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Finally, StockNews.com downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $50.10.

Dominion Energy Trading Up 2.6 %

The stock’s fifty day simple moving average is $47.61 and its two-hundred day simple moving average is $46.06. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. The firm has a market cap of $41.75 billion, a PE ratio of 21.39, a PEG ratio of 1.91 and a beta of 0.61.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.06 EPS. On average, sell-side analysts forecast that Dominion Energy, Inc. will post 2.86 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.67 dividend on an annualized basis and a yield of 5.36%. Dominion Energy’s dividend payout ratio (DPR) is 114.59%.

Insiders Place Their Bets

In other news, Director Joseph M. Rigby acquired 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Robert M. Blue bought 21,735 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the purchase, the chief executive officer now owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph M. Rigby bought 2,130 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Dominion Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Pacific Center for Financial Services purchased a new position in shares of Dominion Energy in the 1st quarter worth $28,000. Criterion Capital Advisors LLC purchased a new position in shares of Dominion Energy in the 4th quarter worth $29,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Dominion Energy in the 4th quarter worth about $30,000. Rise Advisors LLC bought a new stake in shares of Dominion Energy in the 1st quarter worth about $30,000. Finally, FSC Wealth Advisors LLC lifted its holdings in shares of Dominion Energy by 149.6% in the 3rd quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 410 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Company Profile

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.