Dominion Energy (NYSE:D – Get Rating) had its target price cut by analysts at Wells Fargo & Company from $96.00 to $83.00 in a report released on Wednesday, The Fly reports. Wells Fargo & Company‘s price target points to a potential upside of 16.08% from the stock’s previous close.
D has been the subject of a number of other research reports. Mizuho dropped their price objective on Dominion Energy from $87.00 to $81.00 in a research note 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. UBS Group lowered their target price on shares of Dominion Energy from $99.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, June 30th. Credit Suisse Group initiated coverage on shares of Dominion Energy in a research note on Monday. They set an “outperform” rating and a $82.00 target price for the company. Finally, BMO Capital Markets boosted their price target on shares of Dominion Energy from $87.00 to $91.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $85.22.
Dominion Energy Trading Up 0.6 %
Dominion Energy stock opened at $71.50 on Wednesday. Dominion Energy has a 12-month low of $69.01 and a 12-month high of $88.78. The firm has a market capitalization of $59.52 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 2.73 and a beta of 0.48. The firm has a 50 day moving average of $81.05 and a 200 day moving average of $81.61. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.44.
Dominion Energy (NYSE:D – Get Rating) last announced its quarterly earnings data on Monday, August 8th. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.77. Dominion Energy had a net margin of 15.09% and a return on equity of 12.95%. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the prior year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, research analysts predict that Dominion Energy will post 4.11 earnings per share for the current year.
Institutional Trading of Dominion Energy
Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Dominion Energy by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 70,870,214 shares of the utilities provider’s stock valued at $6,021,842,000 after purchasing an additional 1,094,535 shares during the last quarter. BlackRock Inc. increased its position in shares of Dominion Energy by 6.3% during the 4th quarter. BlackRock Inc. now owns 55,640,019 shares of the utilities provider’s stock valued at $4,371,081,000 after purchasing an additional 3,308,258 shares during the last quarter. State Street Corp increased its position in shares of Dominion Energy by 3.0% during the 2nd quarter. State Street Corp now owns 47,624,439 shares of the utilities provider’s stock valued at $3,800,906,000 after purchasing an additional 1,393,676 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Dominion Energy by 28.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 28,007,574 shares of the utilities provider’s stock valued at $2,235,284,000 after purchasing an additional 6,156,960 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Dominion Energy by 0.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 21,153,616 shares of the utilities provider’s stock valued at $1,688,269,000 after purchasing an additional 72,704 shares during the last quarter. Institutional investors own 69.75% of the company’s stock.
About Dominion Energy
Dominion Energy, Inc produces and distributes energy in the United States. 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 approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
Further Reading
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