Dominion Energy (NYSE:D) Reaches New 1-Year Low - What's Next?

Dominion Energy, Inc. (NYSE:D - Get Free Report)'s share price reached a new 52-week low on Wednesday . The company traded as low as $53.29 and last traded at $54.38, with a volume of 6156270 shares trading hands. The stock had previously closed at $54.31.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on D shares. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $52.00 target price (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Argus raised Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Morgan Stanley upped their target price on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Finally, UBS Group lifted their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $58.22.

Dominion Energy Price Performance

The company has a 50-day moving average of $54.08 and a two-hundred day moving average of $55.41. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The stock has a market capitalization of $46.87 billion, a PE ratio of 20.37, a P/E/G ratio of 1.22 and a beta of 0.57.

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

Institutional Investors Weigh In On Dominion Energy

A number of institutional investors have recently added to or reduced their stakes in D. Simon Quick Advisors LLC lifted its holdings in shares of Dominion Energy by 4.5% during the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock valued at $229,000 after acquiring an additional 184 shares in the last quarter. Cadence Bank lifted its stake in shares of Dominion Energy by 2.0% during the fourth quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock worth $515,000 after purchasing an additional 189 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of Dominion Energy by 3.3% in the first quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider's stock worth $338,000 after buying an additional 193 shares during the period. Choate Investment Advisors grew its stake in shares of Dominion Energy by 5.4% in the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock valued at $209,000 after buying an additional 198 shares in the last quarter. Finally, Centre Asset Management LLC raised its holdings in shares of Dominion Energy by 3.3% during the 1st quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider's stock valued at $350,000 after buying an additional 198 shares during the period. Hedge funds and other institutional investors 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.