Dominion Energy (NYSE:D) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Dominion Energy (NYSE:D – Get Rating) in a research note issued on Thursday. The firm set a “hold” rating on the utilities provider’s stock.

Several other research analysts also recently commented on D. Mizuho dropped their price target on Dominion Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Monday, February 27th. BMO Capital Markets decreased their price target on Dominion Energy from $66.00 to $61.00 and set an “outperform” rating on the stock in a research note on Monday, February 27th. Morgan Stanley decreased their price target on Dominion Energy from $65.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 22nd. Guggenheim decreased their price target on Dominion Energy from $69.00 to $63.00 and set a “buy” rating on the stock in a research note on Tuesday, February 28th. Finally, UBS Group reduced their price objective on Dominion Energy from $60.00 to $57.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $66.50.

Dominion Energy Trading Up 2.2 %

Shares of NYSE D opened at $55.91 on Thursday. Dominion Energy has a one year low of $52.92 and a one year high of $88.78. The firm has a market capitalization of $46.70 billion, a PE ratio of 51.29, a PEG ratio of 0.89 and a beta of 0.45. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 1.49. The business has a 50-day moving average price of $59.35 and a two-hundred day moving average price of $64.54.

Dominion Energy (NYSE:D – Get Rating) last announced its quarterly earnings results on Wednesday, February 8th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.03. Dominion Energy had a return on equity of 13.35% and a net margin of 5.79%. The business had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period in the previous year, the company earned $0.90 EPS. The firm’s revenue was up 26.6% on a year-over-year basis. As a group, analysts predict that Dominion Energy will post 4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dominion Energy

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Dominion Energy by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 73,953,046 shares of the utilities provider’s stock worth $5,110,895,000 after buying an additional 2,767,626 shares during the period. BlackRock Inc. increased its holdings in Dominion Energy by 5.5% during the 3rd quarter. BlackRock Inc. now owns 58,954,665 shares of the utilities provider’s stock worth $4,074,356,000 after purchasing an additional 3,051,912 shares in the last quarter. State Street Corp boosted its stake in shares of Dominion Energy by 3.9% in the 3rd quarter. State Street Corp now owns 49,478,314 shares of the utilities provider’s stock worth $3,419,446,000 after buying an additional 1,853,875 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Dominion Energy by 9.9% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 30,771,075 shares of the utilities provider’s stock worth $2,126,590,000 after buying an additional 2,763,501 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Dominion Energy by 0.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 21,153,616 shares of the utilities provider’s stock worth $1,688,269,000 after buying an additional 72,704 shares during the last quarter. Institutional investors and hedge funds own 70.30% of the company’s stock.

About Dominion Energy

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Dominion Energy, Inc engages in the production and distribution of energy. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets, and Corporate and Other. The Corporate and Other segment focuses on corporate, service company, non-controlling interest in Dominion privatization, and non-regulated retail energy marketing operations.