Analysts Set Dominion Energy, Inc. (NYSE:D) Price Target at $50.00

Shares of Dominion Energy, Inc. (NYSE:D) have received a consensus rating of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $49.10.

Several analysts recently weighed in on D shares. Guggenheim dropped their target price on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. StockNews.com downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Scotiabank dropped their target price on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday. Mizuho dropped their target price on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Finally, Wells Fargo & Company boosted their price target 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.

Insider Activity at Dominion Energy

In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the acquisition, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the acquisition, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert M. Blue bought 21,735 shares of Dominion Energy stock in a transaction dated Monday, March 4th. The stock was acquired 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 directly owns 176,240 shares of the company’s stock, valued at approximately $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

Institutional investors and hedge funds have recently made changes to their positions in the company. Criterion Capital Advisors LLC acquired a new position in Dominion Energy during the fourth quarter worth about $29,000. Rise Advisors LLC acquired a new position in Dominion Energy during the first quarter worth about $30,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Dominion Energy during the fourth quarter worth about $30,000. Venturi Wealth Management LLC grew its position in Dominion Energy by 84.5% during the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after buying an additional 310 shares during the period. Finally, FSC Wealth Advisors LLC grew its position in Dominion Energy by 149.6% during the third quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock worth $31,000 after buying an additional 410 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Down 0.5 %

Shares of Dominion Energy stock opened at $50.97 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. The firm’s 50-day moving average price is $48.08 and its 200 day moving average price is $46.31. Dominion Energy has a twelve month low of $39.18 and a twelve month high of $57.90. The firm has a market capitalization of $42.69 billion, a PE ratio of 21.88, a P/E/G ratio of 2.00 and a beta of 0.61.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share 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 analysts’ expectations of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period last year, the business earned $1.06 earnings per share. On average, sell-side analysts predict that Dominion Energy will post 2.84 EPS for the current fiscal year.

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.