Dominion Energy (NYSE:D) PT Raised to $55.00

Dominion Energy (NYSE:D) had its price target raised by Wells Fargo & Company from $51.00 to $55.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an equal weight rating on the utilities provider’s stock.

A number of other analysts have also issued reports on the company. Mizuho boosted their target price on Dominion Energy from $45.00 to $52.00 and gave the company a neutral rating in a research report on Friday. Evercore ISI raised their target price on Dominion Energy from $47.00 to $53.00 and gave the company an in-line rating in a report on Friday. Guggenheim reduced their price target on shares of Dominion Energy from $57.00 to $52.00 and set a buy rating on the stock in a research report on Monday, March 4th. StockNews.com cut shares of Dominion Energy from a hold rating to a sell rating in a report on Friday, February 23rd. Finally, Barclays reduced their target price on shares of Dominion Energy from $50.00 to $49.00 and set an overweight rating on the stock in a report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $50.73.

Dominion Energy Price Performance

Shares of D stock opened at $51.41 on Friday. The firm’s 50-day moving average is $48.76 and its two-hundred day moving average is $46.83. Dominion Energy has a 12 month low of $39.18 and a 12 month high of $57.27. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. 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.

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

Insider Activity at Dominion Energy

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

Institutional Trading of Dominion Energy

A number of large investors have recently bought and sold shares of D. Arlington Capital Management Inc. grew its position in Dominion Energy by 1.2% during the 1st quarter. Arlington Capital Management Inc. now owns 16,476 shares of the utilities provider’s stock worth $810,000 after purchasing an additional 197 shares in the last quarter. Ridgewood Investments LLC grew its holdings in shares of Dominion Energy by 0.9% during the first quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock valued at $1,207,000 after buying an additional 210 shares in the last quarter. Lantz Financial LLC raised its position in Dominion Energy by 4.0% during the first quarter. Lantz Financial LLC now owns 5,823 shares of the utilities provider’s stock valued at $286,000 after buying an additional 222 shares during the period. Providence Capital Advisors LLC lifted its stake in Dominion Energy by 0.6% in the 3rd quarter. Providence Capital Advisors LLC now owns 36,772 shares of the utilities provider’s stock worth $1,643,000 after acquiring an additional 228 shares in the last quarter. Finally, Seneca House Advisors boosted its position in Dominion Energy by 2.0% during the 1st quarter. Seneca House Advisors now owns 11,355 shares of the utilities provider’s stock worth $559,000 after acquiring an additional 228 shares during the period. Institutional investors and hedge funds 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.