Dominion Energy (NYSE:D) Price Target Increased to $53.00 by Analysts at Evercore ISI

Dominion Energy (NYSE:D) had its price objective increased by Evercore ISI from $47.00 to $53.00 in a research report released on Friday, Benzinga reports. The brokerage currently has an in-line rating on the utilities provider’s stock.

D has been the topic of several other reports. Barclays cut their target price on shares of Dominion Energy from $50.00 to $49.00 and set an overweight rating on the stock in a research report on Monday, April 15th. StockNews.com downgraded Dominion Energy from a hold rating to a sell rating in a report on Friday, February 23rd. Bank of America increased their price target on Dominion Energy from $40.00 to $43.00 and gave the company an underperform rating in a research note on Tuesday, April 23rd. BMO Capital Markets lowered Dominion Energy from an outperform rating to a market perform rating and set a $49.00 target price on the stock. in a research report on Monday, March 11th. Finally, Mizuho lifted their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the company a neutral rating in a research report on Friday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of Hold and an average price target of $50.73.

Dominion Energy Stock Up 0.0 %

Shares of NYSE:D opened at $51.41 on Friday. Dominion Energy has a 52-week low of $39.18 and a 52-week high of $57.27. The company has a market capitalization of $43.06 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. The company has a fifty day moving average of $48.76 and a 200-day moving average of $46.83.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities analysts predict that Dominion Energy will post 2.75 EPS for the current fiscal year.

Insider Activity

In related news, CEO Robert M. Blue acquired 21,735 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of $45.91 per share, with a total value of $997,853.85. Following the acquisition, the chief executive officer now owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert M. Blue acquired 21,735 shares of the stock in a transaction that occurred on 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 transaction, 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. 0.12% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dominion Energy

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Dominion Energy by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock valued at $1,045,051,000 after purchasing an additional 1,928,823 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Dominion Energy by 13.2% during the 4th quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock valued at $869,184,000 after acquiring an additional 2,153,488 shares during the period. Capital Research Global Investors increased 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 worth $844,630,000 after acquiring an additional 10,370,768 shares in the last quarter. Northern Trust Corp raised its stake in Dominion Energy by 2.7% during the 3rd quarter. Northern Trust Corp now owns 8,527,408 shares of the utilities provider’s stock worth $380,919,000 after acquiring an additional 220,238 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in Dominion Energy by 1.0% during the fourth quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock valued at $357,769,000 after purchasing an additional 75,600 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

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.