Dominion Energy, Inc. (NYSE:D) Given Average Rating of "Hold" by Brokerages

Shares of Dominion Energy, Inc. (NYSE:D - Get Free Report) have earned an average rating of "Hold" from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $49.90.

Several research analysts have commented on D shares. Scotiabank decreased their price objective on shares of Dominion Energy from $50.00 to $49.00 and set a "sector perform" rating for the company in a report on Monday, March 4th. Guggenheim decreased their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a "buy" rating for the company in a report on Monday, March 4th. StockNews.com lowered shares of Dominion Energy from a "hold" rating to a "sell" rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. increased their price target on shares of Dominion Energy from $49.00 to $51.00 and gave the stock a "neutral" rating in a research note on Friday, December 1st. Finally, Mizuho decreased their price target on shares of Dominion Energy from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, March 6th.

Dominion Energy Trading Up 1.4 %

NYSE:D traded up $0.67 during midday trading on Friday, reaching $49.19. 5,401,398 shares of the stock traded hands, compared to its average volume of 7,407,961. The company has a fifty day moving average of $46.46 and a 200 day moving average of $45.85. Dominion Energy has a 12 month low of $39.18 and a 12 month high of $58.69. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04. The stock has a market capitalization of $41.20 billion, a P/E ratio of 21.11, a PEG ratio of 1.99 and a beta of 0.61.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the company posted $1.06 earnings per share. The firm's revenue for the quarter was down 7.2% compared to the same quarter last year. On average, research analysts predict that Dominion Energy will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.67 dividend on an annualized basis and a yield of 5.43%. Dominion Energy's dividend payout ratio is currently 114.59%.

Insider Activity

In related news, Director Joseph M. Rigby purchased 2,130 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Dominion Energy news, CEO Robert M. Blue acquired 21,735 shares of the company's stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $45.91 per share, with a total value of $997,853.85. Following the completion of the acquisition, the chief executive officer now owns 176,240 shares in the company, valued at approximately $8,091,178.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph M. Rigby bought 2,130 shares of the firm's stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the purchase, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On Dominion Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its stake in Dominion Energy by 0.9% during the 2nd quarter. State Street Corp now owns 48,339,919 shares of the utilities provider's stock worth $2,503,524,000 after acquiring an additional 432,966 shares during the period. JPMorgan Chase & Co. raised its position in shares of Dominion Energy by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider's stock valued at $1,045,051,000 after buying an additional 1,928,823 shares during the last quarter. Dodge & Cox raised its position in shares of Dominion Energy by 39.6% during the fourth quarter. Dodge & Cox now owns 22,800,383 shares of the utilities provider's stock valued at $1,071,618,000 after buying an additional 6,472,100 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Dominion Energy by 13.2% during the fourth quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider's stock valued at $869,184,000 after buying an additional 2,153,488 shares during the last quarter. Finally, Capital Research Global Investors raised its position in shares of Dominion Energy by 136.5% during the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider's stock valued at $844,630,000 after buying an additional 10,370,768 shares during the last quarter. 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.