Dominion Energy Inc. (NYSE:D) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Dominion Energy Inc. (NYSE:D - Get Free Report) have been assigned an average recommendation of "Hold" from the nine brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $58.38.

A number of research firms have recently issued reports on D. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. UBS Group boosted their target price on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Argus raised Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Finally, Morgan Stanley dropped their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday.

Dominion Energy Price Performance

Shares of NYSE D opened at $54.20 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. Dominion Energy has a twelve month low of $47.99 and a twelve month high of $61.97. The stock has a 50 day moving average of $54.94 and a two-hundred day moving average of $54.69. The stock has a market cap of $46.22 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.18 and a beta of 0.56.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data 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 return on equity of 9.51% and a net margin of 15.55%. The company had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. On average, research analysts forecast that Dominion Energy will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date was Thursday, May 29th. Dominion Energy's dividend payout ratio is presently 100.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC boosted its position in Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock worth $489,000 after purchasing an additional 3,553 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Dominion Energy by 58.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,742 shares of the utilities provider's stock worth $94,000 after purchasing an additional 641 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in Dominion Energy by 9.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 51,579 shares of the utilities provider's stock worth $2,778,000 after purchasing an additional 4,476 shares in the last quarter. ING Groep NV purchased a new stake in Dominion Energy during the fourth quarter worth $4,577,000. Finally, Greystone Financial Group LLC boosted its position in Dominion Energy by 5.4% during the fourth quarter. Greystone Financial Group LLC now owns 114,945 shares of the utilities provider's stock worth $6,191,000 after purchasing an additional 5,932 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

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.

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