Dominion Energy, Inc. (NYSE:D) Given Consensus Rating of "Hold" by Analysts

Shares of Dominion Energy, Inc. (NYSE:D - Get Free Report) have been given a consensus rating of "Hold" by the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $58.63.

D has been the topic of a number of recent research reports. Morgan Stanley reduced their target price on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. UBS Group boosted their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, Argus raised Dominion Energy to a "hold" rating in a report on Tuesday, March 25th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in D. Norges Bank acquired a new stake in shares of Dominion Energy during the 4th quarter worth approximately $473,354,000. Wellington Management Group LLP grew its position in Dominion Energy by 19.4% during the first quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider's stock valued at $994,917,000 after buying an additional 2,882,252 shares during the period. American Century Companies Inc. grew its position in Dominion Energy by 207.7% during the fourth quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider's stock valued at $202,724,000 after buying an additional 2,540,713 shares during the period. Marshall Wace LLP increased its holdings in Dominion Energy by 8,585.3% in the fourth quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider's stock valued at $119,048,000 after buying an additional 2,184,873 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Dominion Energy during the 1st quarter worth about $96,723,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Price Performance

Shares of NYSE D traded up $0.13 during midday trading on Wednesday, reaching $56.01. The company's stock had a trading volume of 4,612,127 shares, compared to its average volume of 4,536,925. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company has a market cap of $47.76 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.22 and a beta of 0.57. The business's 50 day moving average price is $54.22 and its two-hundred day moving average price is $54.99. Dominion Energy has a fifty-two week low of $47.99 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same period last year, the company posted $0.55 EPS. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. On average, analysts forecast that Dominion Energy will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's dividend payout ratio is currently 100.00%.

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.