Bank of America upgraded shares of Dominion Energy (NYSE:D – Free Report) from an underperform rating to a neutral rating in a research note issued to investors on Friday morning, Marketbeat Ratings reports. Bank of America currently has $54.00 price objective on the utilities provider’s stock, up from their previous price objective of $43.00.
D has been the topic of a number of other reports. BMO Capital Markets raised their target price on shares of Dominion Energy from $51.00 to $52.00 and gave the stock a market perform rating in a research note on Monday, May 6th. Wells Fargo & Company boosted their price objective on Dominion Energy from $51.00 to $55.00 and gave the stock an equal weight rating in a research note on Friday, May 3rd. StockNews.com downgraded Dominion Energy from a hold rating to a sell rating in a research note on Friday, February 23rd. Guggenheim lowered their price target on shares of Dominion Energy from $57.00 to $52.00 and set a buy rating on the stock in a research report on Monday, March 4th. Finally, Mizuho raised their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a neutral rating in a research report on Friday, May 3rd. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Dominion Energy has an average rating of Hold and an average price target of $51.73.
Check Out Our Latest Analysis on D
Dominion Energy Stock Up 0.4 %
NYSE D opened at $53.07 on Friday. The business has a fifty day moving average price of $49.19 and a 200 day moving average price of $47.14. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. The company has a market cap of $44.45 billion, a P/E ratio of 27.36, a P/E/G ratio of 3.54 and a beta of 0.59. Dominion Energy has a one year low of $39.18 and a one year high of $56.42.
Dominion Energy (NYSE:D – Get Free Report) last released its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 earnings per share. Research analysts anticipate that Dominion Energy will post 2.75 EPS for the current fiscal year.
Dominion Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.67 annualized dividend and a yield of 5.03%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.
Insiders Place Their Bets
In other news, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was bought at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the acquisition, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of the company’s stock in a transaction on Monday, March 4th. The stock was acquired at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the purchase, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Joseph M. Rigby acquired 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the purchase, the director now owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.14% of the stock is owned by insiders.
Institutional Investors Weigh In On Dominion Energy
Large investors have recently bought and sold shares of the stock. Criterion Capital Advisors LLC purchased a new stake in shares of Dominion Energy during the 4th quarter worth $29,000. Rise Advisors LLC purchased a new stake in Dominion Energy during the 1st quarter worth about $30,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Dominion Energy during the 4th quarter worth about $30,000. Venturi Wealth Management LLC increased its holdings in shares of Dominion Energy by 84.5% in the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 310 shares during the last quarter. Finally, Albion Financial Group UT increased its holdings in shares of Dominion Energy by 300.0% in the 1st quarter. Albion Financial Group UT now owns 800 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.
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.
Further Reading
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Source: defenseworld.net
