Dominion Energy (NYSE:D) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Dominion Energy (NYSE:D - Get Free Report) had its price target hoisted by analysts at JPMorgan Chase & Co. from $53.00 to $56.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "underweight" rating on the utilities provider's stock. JPMorgan Chase & Co.'s price target indicates a potential downside of 2.15% from the company's previous close.

Other analysts also recently issued research reports about the company. Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Morgan Stanley lowered their price target 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. Finally, UBS Group upped 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $58.88.

Dominion Energy Stock Up 1.2%

NYSE:D traded up $0.68 on Tuesday, hitting $57.23. The stock had a trading volume of 4,410,633 shares, compared to its average volume of 4,778,958. The company has a market cap of $48.81 billion, a PE ratio of 21.43, a P/E/G ratio of 1.24 and a beta of 0.56. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. Dominion Energy has a 52 week low of $48.07 and a 52 week high of $61.97. The business's fifty day moving average is $55.93 and its 200 day moving average is $54.99.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The business's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business posted $0.55 earnings per share. On average, equities research analysts expect that Dominion Energy will post 3.39 EPS for the current fiscal year.

Institutional Trading of Dominion Energy

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

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.