Dominion Energy, Inc. (NYSE:D) Receives Consensus Rating of “Hold” from Analysts

Dominion Energy, Inc. (NYSE:DGet Rating) has received a consensus rating of “Hold” from the nine research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $85.71.

D has been the topic of several research reports. KeyCorp upped their price target on Dominion Energy from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, April 20th. Morgan Stanley dropped their target price on Dominion Energy from $91.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Monday, May 23rd. Finally, StockNews.com assumed coverage on Dominion Energy in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Dominion Energy in the 4th quarter valued at approximately $319,198,000. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Dominion Energy by 1,885.3% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,082,089 shares of the utilities provider’s stock valued at $320,689,000 after acquiring an additional 3,876,471 shares in the last quarter. State Street Corp raised its stake in shares of Dominion Energy by 8.3% in the 1st quarter. State Street Corp now owns 46,230,763 shares of the utilities provider’s stock valued at $3,928,228,000 after acquiring an additional 3,546,948 shares in the last quarter. BlackRock Inc. raised its stake in shares of Dominion Energy by 6.3% in the 4th quarter. BlackRock Inc. now owns 55,640,019 shares of the utilities provider’s stock valued at $4,371,081,000 after acquiring an additional 3,308,258 shares in the last quarter. Finally, Capital Research Global Investors raised its stake in shares of Dominion Energy by 17.2% in the 4th quarter. Capital Research Global Investors now owns 18,060,658 shares of the utilities provider’s stock valued at $1,418,845,000 after acquiring an additional 2,649,044 shares in the last quarter. 68.39% of the stock is owned by institutional investors.

Dominion Energy stock opened at $73.41 on Friday. The stock has a market cap of $59.56 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 2.87 and a beta of 0.41. The company has a current ratio of 0.79, a quick ratio of 0.65 and a debt-to-equity ratio of 1.42. The stock has a 50 day moving average of $82.99 and a 200-day moving average of $80.89. Dominion Energy has a 52 week low of $70.37 and a 52 week high of $88.78.

Dominion Energy (NYSE:DGet Rating) last released its earnings results on Thursday, May 5th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.01). The business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.31 billion. Dominion Energy had a net margin of 20.81% and a return on equity of 12.99%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 earnings per share. As a group, equities analysts predict that Dominion Energy will post 4.11 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 20th. Stockholders of record on Friday, June 3rd will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, June 2nd. Dominion Energy’s dividend payout ratio (DPR) is presently 74.58%.

About Dominion Energy (Get Rating)

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.

Further Reading

Analyst Recommendations for Dominion Energy (NYSE:D)

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