Morgan Stanley Raises Dominion Energy (NYSE:D) Price Target to $77.00

Dominion Energy (NYSE:DGet Rating) had its price target increased by Morgan Stanley from $72.00 to $77.00 in a research report released on Friday morning, MarketBeat reports. The firm currently has an equal weight rating on the utilities provider’s stock.

A number of other research analysts have also weighed in on the company. Guggenheim decreased their target price on Dominion Energy from $90.00 to $75.00 in a report on Monday, October 24th. UBS Group lowered Dominion Energy from a buy rating to a neutral rating and decreased their price objective for the company from $83.00 to $73.00 in a report on Monday, November 7th. StockNews.com began coverage on Dominion Energy in a report on Wednesday, October 12th. They issued a hold rating on the stock. Barclays decreased their price objective on Dominion Energy from $93.00 to $86.00 and set an equal weight rating on the stock in a report on Monday, July 18th. Finally, BMO Capital Markets upped their price objective on Dominion Energy from $72.00 to $76.00 and gave the company an outperform rating in a report on Monday, November 7th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Dominion Energy has a consensus rating of Hold and a consensus price target of $75.08.

Dominion Energy Trading Down 6.0 %

Shares of Dominion Energy stock opened at $57.96 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.71 and a debt-to-equity ratio of 1.42. The stock has a market cap of $48.30 billion, a P/E ratio of 20.77, a P/E/G ratio of 2.62 and a beta of 0.46. Dominion Energy has a 12-month low of $57.95 and a 12-month high of $88.78. The business’s 50 day moving average is $70.87 and its 200-day moving average is $77.53.

Dominion Energy (NYSE:DGet Rating) last posted its earnings results on Friday, November 4th. The utilities provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.03. The business had revenue of $4.39 billion for the quarter, compared to analyst estimates of $3.98 billion. Dominion Energy had a return on equity of 12.84% and a net margin of 14.73%. The firm’s revenue was up 38.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.11 EPS. Equities research analysts predict that Dominion Energy will post 4.11 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Friday, December 2nd will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend is Thursday, December 1st. Dominion Energy’s dividend payout ratio (DPR) is currently 95.70%.

Institutional Trading of Dominion Energy

Several institutional investors and hedge funds have recently modified their holdings of D. Ellis Investment Partners LLC bought a new stake in shares of Dominion Energy during the 1st quarter worth $25,000. JNBA Financial Advisors raised its position in Dominion Energy by 85.0% in the third quarter. JNBA Financial Advisors now owns 370 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 170 shares during the last quarter. Blume Capital Management Inc. bought a new position in Dominion Energy in the first quarter valued at about $27,000. Curi Wealth Management LLC raised its position in Dominion Energy by 1,755.0% in the second quarter. Curi Wealth Management LLC now owns 371 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 351 shares during the last quarter. Finally, Syverson Strege & Co bought a new position in Dominion Energy in the second quarter valued at about $33,000. 69.75% of the stock is currently owned by institutional investors.

Dominion Energy Company Profile

(Get Rating)

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

Analyst Recommendations for Dominion Energy (NYSE:D)

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