Dominion Energy (NYSE:D – Free Report) had its price objective hoisted by JPMorgan Chase & Co. from $54.00 to $57.00 in a research note released on Monday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the utilities provider’s stock.
A number of other equities analysts have also recently issued reports on D. Evercore ISI raised their target price on Dominion Energy from $47.00 to $53.00 and gave the stock an in-line rating in a report on Friday, May 3rd. Barclays reduced their target price on Dominion Energy from $50.00 to $49.00 and set an overweight rating on the stock in a report on Monday, April 15th. Bank of America upgraded Dominion Energy from an underperform rating to a neutral rating and raised their target price for the stock from $43.00 to $54.00 in a report on Friday, May 10th. Mizuho raised their target price on Dominion Energy from $45.00 to $52.00 and gave the stock a neutral rating in a report on Friday, May 3rd. Finally, Wells Fargo & Company raised their target price on Dominion Energy from $51.00 to $55.00 and gave the stock an equal weight rating in a report on Friday, May 3rd. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average price target of $52.73.
View Our Latest Stock Report on Dominion Energy
Dominion Energy Price Performance
Dominion Energy stock opened at $54.75 on Monday. The business’s 50-day simple moving average is $51.39 and its 200 day simple moving average is $49.80. The stock has a market cap of $45.93 billion, a price-to-earnings ratio of 28.22, a P/E/G ratio of 1.46 and a beta of 0.58. Dominion Energy has a 12-month low of $39.18 and a 12-month high of $57.60. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.
Dominion Energy (NYSE:D – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share. As a group, research analysts anticipate that Dominion Energy will post 2.75 earnings per share for the current year.
Dominion Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s payout ratio is 137.63%.
Institutional Investors Weigh In On Dominion Energy
Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC increased its position in shares of Dominion Energy by 105.0% during the 1st quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock worth $4,777,000 after purchasing an additional 49,740 shares during the last quarter. Wedmont Private Capital increased its position in shares of Dominion Energy by 14.1% during the 1st quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock worth $239,000 after purchasing an additional 596 shares during the last quarter. Sapient Capital LLC acquired a new position in shares of Dominion Energy during the 4th quarter worth approximately $263,000. Charles Schwab Investment Management Inc. increased its position in shares of Dominion Energy by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,885,024 shares of the utilities provider’s stock worth $229,596,000 after purchasing an additional 187,726 shares during the last quarter. Finally, Vinva Investment Management Ltd increased its position in shares of Dominion Energy by 27.0% during the 4th quarter. Vinva Investment Management Ltd now owns 6,818 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 1,451 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.
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.
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Source: defenseworld.net
