Dominion Energy (NYSE:D – Free Report) had its price objective hoisted by Wells Fargo & Company from $51.00 to $55.00 in a research report report published on Friday morning, Benzinga reports. They currently have an equal weight rating on the utilities provider’s stock.
A number of other research firms have also issued reports on D. Bank of America boosted their price target on shares of Dominion Energy from $40.00 to $43.00 and gave the company an underperform rating in a report on Tuesday, April 23rd. StockNews.com lowered shares of Dominion Energy from a hold rating to a sell rating in a report on Friday, February 23rd. Evercore ISI boosted their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the company an in-line rating in a report on Friday. Mizuho boosted their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the company a neutral rating in a report on Friday. Finally, BMO Capital Markets lowered shares of Dominion Energy from an outperform rating to a market perform rating and set a $49.00 price target on the stock. in a report on Monday, March 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $50.45.
Get Our Latest Report on Dominion Energy
Dominion Energy Stock Up 0.5 %
NYSE D opened at $51.40 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. The company’s 50 day simple moving average is $48.67 and its 200 day simple moving average is $46.76. Dominion Energy has a 12 month low of $39.18 and a 12 month high of $57.27. The company has a market capitalization of $43.05 billion, a P/E ratio of 26.49, a PEG ratio of 3.43 and a beta of 0.59.
Dominion Energy (NYSE:D – Get Free Report) last released its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the previous year, the firm earned $0.99 EPS. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. Equities research analysts expect that Dominion Energy will post 2.75 earnings per share for the current fiscal year.
Insider Activity at Dominion Energy
In other Dominion Energy news, CEO Robert M. Blue bought 21,735 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other Dominion Energy news, CEO Robert M. Blue bought 21,735 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Joseph M. Rigby bought 2,130 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the transaction, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by insiders.
Institutional Trading of Dominion Energy
Several large investors have recently modified their holdings of the company. Criterion Capital Advisors LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at $29,000. Rise Advisors LLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth about $30,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Dominion Energy during the 4th quarter worth about $30,000. Venturi Wealth Management LLC increased 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 worth $32,000 after purchasing an additional 310 shares in the last quarter. Finally, Albion Financial Group UT increased its position in shares of Dominion Energy by 300.0% during the 1st quarter. Albion Financial Group UT now owns 800 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 600 shares in the last quarter. 73.04% of the stock is owned by 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.
Further Reading
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Source: defenseworld.net
