Brokerages Set Dominion Energy Inc. (NYSE:D) Price Target at $59.14

Key Points

• Dominion Energy Inc. has received an average analyst recommendation of "Hold", with one sell rating, six hold ratings, and one buy rating from the eight firms covering the stock.
• The company reported $0.75 EPS for the last quarter, falling short of the consensus estimate of $0.77, though revenue increased to $3.81 billion, surpassing analyst expectations.
• Dominion Energy recently declared a quarterly dividend of $0.6675 per share, representing a 4.3% yield, with a payout ratio of 92.07%.

Shares of Dominion Energy Inc. (NYSE:D - Get Free Report) have earned an average rating of "Hold" from the eight analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $59.1429.

D has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a report on Tuesday, July 15th. 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 report on Wednesday, June 18th.

Dominion Energy Stock Performance

D stock traded down $0.17 during trading on Monday, hitting $61.32. 3,460,617 shares of the company's stock traded hands, compared to its average volume of 5,363,377. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. Dominion Energy has a 52 week low of $48.07 and a 52 week high of $62.26. The stock has a fifty day moving average price of $57.29 and a two-hundred day moving average price of $55.68. The stock has a market capitalization of $52.33 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.34 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%. The firm's revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 EPS. As a group, equities analysts anticipate that Dominion Energy will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, September 5th. Dominion Energy's dividend payout ratio (DPR) is presently 92.07%.

Hedge Funds Weigh In On Dominion Energy

Several institutional investors have recently modified their holdings of the stock. Sowell Financial Services LLC bought a new stake in Dominion Energy in the 1st quarter valued at approximately $314,000. QRG Capital Management Inc. lifted its stake in Dominion Energy by 13.8% in the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock valued at $503,000 after acquiring an additional 1,087 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Dominion Energy by 114.8% in the 1st quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock valued at $680,000 after acquiring an additional 6,462 shares in the last quarter. Bessemer Group Inc. lifted its stake in Dominion Energy by 7.0% in the 1st quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock valued at $527,000 after acquiring an additional 616 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in Dominion Energy by 222.7% in the 1st quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 628 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

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.