Dominion Energy Inc. (NYSE:D) Receives Average Rating of "Hold" from Brokerages

Shares of Dominion Energy Inc. (NYSE:D - Get Free Report) have received an average recommendation of "Hold" from the nine brokerages that are presently covering the stock, MarketBeat reports. One research 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 price objective among brokers that have updated their coverage on the stock in the last year is $58.88.

A number of research firms have recently commented on D. UBS Group lifted their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Morgan Stanley dropped their price objective on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a research note on Tuesday. Finally, Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th.

Dominion Energy Stock Up 0.9%

NYSE D traded up $0.54 during trading on Thursday, hitting $57.71. 3,787,735 shares of the company traded hands, compared to its average volume of 4,783,722. Dominion Energy has a 12 month low of $48.07 and a 12 month high of $61.97. The business has a fifty day simple moving average of $55.97 and a 200 day simple moving average of $55.00. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $49.22 billion, a P/E ratio of 21.61, a PEG ratio of 1.23 and a beta of 0.56.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. As a group, sell-side analysts predict that Dominion Energy will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.63%. Dominion Energy's dividend payout ratio is 100.00%.

Institutional Investors Weigh In On Dominion Energy

A number of institutional investors have recently added to or reduced their stakes in D. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Dominion Energy by 450.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 378 shares in the last quarter. Orion Capital Management LLC acquired a new stake in Dominion Energy during the fourth quarter valued at approximately $27,000. Park Square Financial Group LLC acquired a new position in shares of Dominion Energy in the 4th quarter worth approximately $27,000. AlphaQuest LLC acquired a new position in shares of Dominion Energy in the 1st quarter worth approximately $27,000. Finally, VSM Wealth Advisory LLC acquired a new position in shares of Dominion Energy in the 1st quarter worth approximately $28,000. 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.