Dominion Energy (NYSE:D) Price Target Lowered to $48.00 at Scotiabank

Dominion Energy (NYSE:D - Free Report) had its price target cut by Scotiabank from $49.00 to $48.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a sector perform rating on the utilities provider's stock.

A number of other brokerages also recently weighed in on D. Barclays lowered their target price on shares of Dominion Energy from $50.00 to $49.00 and set an overweight rating on the stock in a research note on Monday, April 15th. StockNews.com downgraded shares of Dominion Energy from a hold rating to a sell rating in a research note on Friday, February 23rd. Mizuho cut their target price on shares of Dominion Energy from $47.00 to $45.00 and set a neutral rating on the stock in a report on Wednesday, March 6th. BMO Capital Markets cut shares of Dominion Energy from an outperform rating to a market perform rating and set a $49.00 target price on the stock. in a report on Monday, March 11th. Finally, Guggenheim cut their target price on shares of Dominion Energy from $57.00 to $52.00 and set a buy rating on the stock in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Dominion Energy presently has a consensus rating of Hold and an average target price of $50.00.

Dominion Energy Stock Up 1.6 %

D traded up $0.79 during trading on Monday, hitting $50.63. 4,239,056 shares of the company's stock were exchanged, compared to its average volume of 5,395,017. Dominion Energy has a fifty-two week low of $39.18 and a fifty-two week high of $57.90. 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 stock has a market cap of $42.41 billion, a P/E ratio of 21.72, a PEG ratio of 1.96 and a beta of 0.61. The business's 50 day moving average is $47.61 and its two-hundred day moving average is $46.11.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.11). The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The business's revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.06 EPS. As a group, equities analysts expect that Dominion Energy will post 2.86 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were paid a dividend of $0.6675 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.27%. Dominion Energy's dividend payout ratio (DPR) is presently 114.59%.

Insiders Place Their Bets

In related news, Director Joseph M. Rigby purchased 2,130 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the acquisition, the director now 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 available through this link. In related 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 transaction, the chief executive officer now directly owns 176,240 shares in the company, valued at $8,091,178.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph M. Rigby purchased 2,130 shares of the firm's stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, the director now owns 8,417 shares of the company's stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dominion Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Criterion Capital Advisors LLC purchased a new stake in Dominion Energy during the 4th quarter worth about $29,000. Rise Advisors LLC purchased a new position in Dominion Energy during the 1st quarter worth approximately $30,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Dominion Energy during the 4th quarter worth approximately $30,000. Venturi Wealth Management LLC lifted its position in Dominion Energy by 84.5% during the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider's stock worth $32,000 after acquiring an additional 310 shares during the period. Finally, FSC Wealth Advisors LLC lifted its position in Dominion Energy by 149.6% during the 3rd quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider's stock worth $31,000 after acquiring an additional 410 shares during the period. Institutional investors and hedge funds 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.