Barclays Trims Dominion Energy (NYSE:D) Target Price to $49.00

Dominion Energy (NYSE:D - Get Free Report) had its price objective cut by analysts at Barclays from $50.00 to $49.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the utilities provider's stock. Barclays's price target would indicate a potential upside of 2.25% from the company's current price.

Several other analysts have also issued reports on the stock. Scotiabank reduced their target price on shares of Dominion Energy from $50.00 to $49.00 and set a "sector perform" rating for the company in a research note on Monday, March 4th. Mizuho reduced 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 report on Wednesday, March 6th. StockNews.com lowered shares of Dominion Energy from a "hold" rating to a "sell" rating in a research report on Friday, February 23rd. Wells Fargo & Company increased their price target on shares of Dominion Energy from $49.00 to $51.00 and gave the company an "equal weight" rating in a research report on Thursday, March 7th. Finally, Guggenheim reduced their price target on shares of Dominion Energy from $57.00 to $52.00 and set a "buy" rating for the company in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $50.10.

Dominion Energy Stock Down 2.0 %

D traded down $0.99 during trading on Monday, hitting $47.92. 4,413,577 shares of the company's stock were exchanged, compared to its average volume of 5,522,658. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. The business's 50 day moving average is $47.24 and its two-hundred day moving average is $45.93. Dominion Energy has a fifty-two week low of $39.18 and a fifty-two week high of $58.69. The stock has a market cap of $40.14 billion, a P/E ratio of 20.67, a PEG ratio of 1.92 and a beta of 0.61.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share 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 business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the company posted $1.06 EPS. The business's quarterly revenue was down 7.2% on a year-over-year basis. As a group, equities analysts expect that Dominion Energy will post 2.86 earnings per share for the current fiscal year.

Insider Transactions at Dominion Energy

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Nations Financial Group Inc. IA ADV grew its position in shares of Dominion Energy by 1.2% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider's stock worth $903,000 after buying an additional 128 shares in the last quarter. Golden State Equity Partners boosted its position in Dominion Energy by 1.7% during the first quarter. Golden State Equity Partners now owns 7,635 shares of the utilities provider's stock valued at $649,000 after purchasing an additional 129 shares in the last quarter. Covestor Ltd boosted its position in Dominion Energy by 49.8% during the first quarter. Covestor Ltd now owns 394 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 131 shares in the last quarter. NewEdge Advisors LLC boosted its position in Dominion Energy by 0.3% during the first quarter. NewEdge Advisors LLC now owns 40,479 shares of the utilities provider's stock valued at $3,440,000 after purchasing an additional 132 shares in the last quarter. Finally, Ergoteles LLC boosted its position in Dominion Energy by 3.2% during the first quarter. Ergoteles LLC now owns 4,719 shares of the utilities provider's stock valued at $401,000 after purchasing an additional 146 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

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.