Dominion Energy (NYSE:D – Get Rating) had its target price hoisted by research analysts at Morgan Stanley from $78.00 to $84.00 in a research report issued on Thursday, Stock Target Advisor reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target indicates a potential upside of 8.60% from the stock’s previous close.
Several other brokerages have also recently issued reports on D. StockNews.com started coverage on shares of Dominion Energy in a report on Thursday, March 31st. They set a “hold” rating for the company. KeyCorp raised their target price on shares of Dominion Energy from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, April 20th. Mizuho reduced their target price on shares of Dominion Energy from $87.00 to $81.00 in a report on Friday, July 15th. Barclays cut their price objective on shares of Dominion Energy from $93.00 to $86.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Finally, UBS Group cut their price objective on shares of Dominion Energy from $99.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $84.17.
Dominion Energy Price Performance
Shares of D opened at $77.35 on Thursday. The company has a market cap of $62.75 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.90 and a beta of 0.42. Dominion Energy has a twelve month low of $70.37 and a twelve month high of $88.78. The company has a quick ratio of 0.65, a current ratio of 0.79 and a debt-to-equity ratio of 1.42. The company has a 50 day moving average of $79.85 and a two-hundred day moving average of $81.18.
Dominion Energy (NYSE:D – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.01). The company had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.31 billion. Dominion Energy had a return on equity of 12.99% and a net margin of 20.81%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 EPS. As a group, analysts predict that Dominion Energy will post 4.11 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Dominion Energy
A number of institutional investors and hedge funds have recently made changes to their positions in D. TTP Investments Inc. grew its holdings in Dominion Energy by 4.2% during the 2nd quarter. TTP Investments Inc. now owns 3,424 shares of the utilities provider’s stock worth $273,000 after acquiring an additional 137 shares in the last quarter. First Hawaiian Bank boosted its holdings in shares of Dominion Energy by 2.8% in the 2nd quarter. First Hawaiian Bank now owns 13,827 shares of the utilities provider’s stock valued at $1,103,000 after buying an additional 374 shares in the last quarter. First Bank & Trust boosted its holdings in shares of Dominion Energy by 6.2% in the 2nd quarter. First Bank & Trust now owns 30,141 shares of the utilities provider’s stock valued at $2,406,000 after buying an additional 1,759 shares in the last quarter. Grimes & Company Inc. boosted its holdings in shares of Dominion Energy by 3.2% in the 2nd quarter. Grimes & Company Inc. now owns 9,058 shares of the utilities provider’s stock valued at $723,000 after buying an additional 284 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of Dominion Energy by 4.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 58,327 shares of the utilities provider’s stock valued at $4,655,000 after buying an additional 2,638 shares in the last quarter. 68.39% of the stock is owned by hedge funds and other institutional investors.
About Dominion Energy
Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
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Source: defenseworld.net
