Dominion Energy, Inc. (NYSE:D) Given Average Recommendation of “Hold” by Analysts

Dominion Energy, Inc. (NYSE:D) has been given an average recommendation of “Hold” by the ten analysts that are covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $49.90.

A number of equities analysts recently commented on D shares. JPMorgan Chase & Co. boosted their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, December 1st. Guggenheim reduced their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. StockNews.com downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Wells Fargo & Company boosted their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. Finally, Mizuho reduced their price objective on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th.

Dominion Energy Stock Up 1.4 %

Shares of NYSE:D opened at $49.19 on Friday. Dominion Energy has a 1 year low of $39.18 and a 1 year high of $58.69. The business has a 50 day simple moving average of $46.39 and a two-hundred day simple moving average of $45.83. The firm has a market capitalization of $41.20 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.91 and a beta of 0.61. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The business had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter last year, the firm earned $1.06 EPS. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. On average, equities analysts predict that Dominion Energy will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.43%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s payout ratio is 114.59%.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of the stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the acquisition, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of $46.94 per share, with a total value of $99,982.20. Following the purchase, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction dated Monday, March 4th. The shares were purchased at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the purchase, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The disclosure for this purchase can be found here. 0.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of D. Wellington Management Group LLP raised its position in shares of Dominion Energy by 631.2% during the 3rd quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock worth $729,898,000 after purchasing an additional 14,105,237 shares during the last quarter. Capital Research Global Investors raised its holdings in Dominion Energy by 136.5% in the 4th quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock valued at $844,630,000 after acquiring an additional 10,370,768 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in Dominion Energy by 93,554.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock valued at $604,953,000 after acquiring an additional 9,854,975 shares during the last quarter. Norges Bank acquired a new stake in Dominion Energy in the 4th quarter valued at about $329,792,000. Finally, Dodge & Cox raised its holdings in Dominion Energy by 39.6% in the 4th quarter. Dodge & Cox now owns 22,800,383 shares of the utilities provider’s stock valued at $1,071,618,000 after acquiring an additional 6,472,100 shares during the last quarter. Institutional investors and hedge funds 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.