Mizuho Boosts Dominion Energy (NYSE:D) Price Target to $52.00

Dominion Energy (NYSE:D) had its price objective upped by Mizuho from $45.00 to $52.00 in a report issued on Friday morning, Benzinga reports. They currently have a neutral rating on the utilities provider’s stock.

Several other research analysts also recently weighed in on D. Barclays cut their target price on shares of Dominion Energy from $50.00 to $49.00 and set an overweight rating for the company in a research note on Monday, April 15th. StockNews.com downgraded shares of Dominion Energy from a hold rating to a sell rating in a research note on Friday, February 23rd. Scotiabank cut 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 research note on Monday, April 22nd. Wells Fargo & Company upped 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 note on Thursday, March 7th. Finally, Guggenheim dropped 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. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $50.45.

Dominion Energy Trading Up 0.5 %

NYSE:D opened at $51.40 on Friday. The company has a market capitalization of $43.05 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. Dominion Energy has a 52-week low of $39.18 and a 52-week high of $57.27. The stock has a fifty day simple moving average of $48.67 and a 200-day simple moving average of $46.76.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the previous year, the company posted $0.99 EPS. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities research analysts expect that Dominion Energy will post 2.75 earnings per share for the current fiscal year.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue bought 21,735 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was acquired at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the acquisition, the chief executive officer now owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Robert M. Blue purchased 21,735 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was purchased at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the acquisition, the chief executive officer now directly owns 176,240 shares in the company, valued at $8,091,178.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was bought at an average price of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now owns 8,417 shares in the company, valued at $395,093.98. The disclosure for this purchase can be found here. Company insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Dominion Energy

A number of institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. raised its position in shares of Dominion Energy by 5.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 78,889 shares of the utilities provider’s stock valued at $3,881,000 after purchasing an additional 4,136 shares in the last quarter. DAVENPORT & Co LLC raised its position in shares of Dominion Energy by 8.9% in the 1st quarter. DAVENPORT & Co LLC now owns 422,328 shares of the utilities provider’s stock valued at $20,772,000 after purchasing an additional 34,570 shares in the last quarter. Richardson Financial Services Inc. raised its position in shares of Dominion Energy by 8.0% in the 1st quarter. Richardson Financial Services Inc. now owns 3,666 shares of the utilities provider’s stock valued at $180,000 after purchasing an additional 271 shares in the last quarter. Carson Advisory Inc. raised its position in shares of Dominion Energy by 9.7% in the 1st quarter. Carson Advisory Inc. now owns 64,162 shares of the utilities provider’s stock valued at $3,156,000 after purchasing an additional 5,674 shares in the last quarter. Finally, General American Investors Co. Inc. acquired a new position in shares of Dominion Energy in the 1st quarter valued at approximately $12,789,000. 73.04% of the stock is owned by institutional investors and hedge funds.

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.