Brokerages Set Dominion Energy, Inc. (NYSE:D) Price Target at $50.00

Shares of Dominion Energy, Inc. (NYSE:D) have earned a consensus rating of “Hold” from the eleven research firms that are covering the stock, Marketbeat.com reports. One 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. The average 12 month price target among analysts that have issued a report on the stock in the last year is $49.10.

Several research analysts recently commented on the stock. Scotiabank reduced their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Mizuho reduced their price target on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Bank of America increased their price objective on Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday, April 23rd. Barclays dropped their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Finally, StockNews.com lowered Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd.

Insider Buying and Selling

In other Dominion Energy news, Director Joseph M. Rigby acquired 2,130 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Joseph M. Rigby acquired 2,130 shares of Dominion Energy stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the purchase, the director now owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert M. Blue acquired 21,735 shares of the firm’s stock in a transaction dated 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 acquisition, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The disclosure for this purchase can be found here. Corporate insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Dominion Energy

Several hedge funds have recently bought and sold shares of D. Criterion Capital Advisors LLC acquired a new stake in shares of Dominion Energy during the 4th quarter valued at about $29,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Dominion Energy during the fourth quarter worth approximately $30,000. Rise Advisors LLC acquired a new stake in Dominion Energy in the first quarter valued at approximately $30,000. FSC Wealth Advisors LLC increased its position in shares of Dominion Energy by 149.6% in the third quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock valued at $31,000 after buying an additional 410 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Dominion Energy by 84.5% during the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after buying an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 1.4 %

Shares of NYSE:D opened at $51.14 on Tuesday. The company has a market capitalization of $42.83 billion, a PE ratio of 21.95, a P/E/G ratio of 3.37 and a beta of 0.61. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. Dominion Energy has a 12-month low of $39.18 and a 12-month high of $57.65. The business’s fifty day simple moving average is $48.27 and its 200-day simple moving average is $46.49.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.11). The company had revenue of $3.53 billion during 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%. Dominion Energy’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 EPS. As a group, equities research analysts predict that Dominion Energy will post 2.75 earnings per share for the current fiscal year.

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.