Dominion Energy, Inc. (NYSE:D – Get Free Report)’s stock price traded down 2.3% during mid-day trading on Tuesday after Barclays lowered their price target on the stock from $50.00 to $49.00. Barclays currently has an overweight rating on the stock. Dominion Energy traded as low as $46.75 and last traded at $46.83. 582,133 shares were traded during mid-day trading, a decline of 89% from the average session volume of 5,453,756 shares. The stock had previously closed at $47.92.
D has been the topic of a number of other reports. Mizuho reduced their price target on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. StockNews.com lowered Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Guggenheim lowered their price target on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. Scotiabank cut their price objective on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Monday, March 4th. Finally, Wells Fargo & Company increased their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $50.10.
Insiders Place Their Bets
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in D. Pacific Center for Financial Services acquired a new position in shares of Dominion Energy during the 1st quarter worth approximately $28,000. Criterion Capital Advisors LLC purchased a new stake in Dominion Energy in the 4th quarter valued at $29,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Dominion Energy in the 4th quarter worth $30,000. Rise Advisors LLC acquired a new stake in shares of Dominion Energy in the 1st quarter worth $30,000. Finally, FSC Wealth Advisors LLC raised its holdings in shares of Dominion Energy by 149.6% during the 3rd quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 410 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.
Dominion Energy Price Performance
The stock has a market cap of $40.48 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.88 and a beta of 0.61. The stock’s fifty day moving average is $47.41 and its 200-day moving average is $45.99. 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 – Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The company’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 earnings per share. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 2.86 EPS for the current year.
Dominion Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were issued a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.67 annualized dividend and a yield of 5.52%. Dominion Energy’s dividend payout ratio (DPR) is presently 114.59%.
About Dominion Energy
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.
Featured Stories
- Five stocks we like better than Dominion Energy
- Stock Sentiment Analysis: How it Works
- United Airlines Soars on Earnings Beat
- Overbought Stocks Explained: Should You Trade Them?
- J.B. Hunt Hits the Skids: Lower Prices to Come
- Investing in Travel Stocks Benefits
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.