Dominion Energy (NYSE:D) Shares Up 0.3%

Dominion Energy, Inc. (NYSE:D - Get Free Report) shares traded up 0.3% during trading on Thursday . The stock traded as high as $48.64 and last traded at $48.45. 634,671 shares traded hands during trading, a decline of 88% from the average session volume of 5,397,019 shares. The stock had previously closed at $48.32.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on D shares. Guggenheim decreased their target price on Dominion Energy from $57.00 to $52.00 and set a "buy" rating on the stock in a research report on Monday, March 4th. Mizuho lowered their price objective 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. Barclays dropped their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an "overweight" rating for the company in a research note on Monday. StockNews.com cut shares of Dominion Energy from a "hold" rating to a "sell" rating in a research note on Friday, February 23rd. Finally, Wells Fargo & Company upped their price target on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an "equal weight" rating in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $50.10.

Dominion Energy Trading Up 0.5 %

The firm's 50-day moving average price is $47.50 and its 200 day moving average price is $46.01. The company has a market cap of $40.66 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 1.84 and a beta of 0.61. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29.

Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing analysts' consensus estimates 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 net margin of 12.40% and a return on equity of 8.83%. The business's quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 earnings per share. As a group, equities analysts expect that Dominion Energy, Inc. will post 2.86 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy's payout ratio is presently 114.59%.

Insider Buying and Selling at Dominion Energy

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

Hedge Funds Weigh In On Dominion Energy

A number of institutional investors have recently made changes to their positions in the stock. Nations Financial Group Inc. IA ADV lifted its position in shares of Dominion Energy by 1.2% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider's stock worth $903,000 after purchasing an additional 128 shares during the period. Golden State Equity Partners grew its holdings in shares of Dominion Energy by 1.7% during the 1st quarter. Golden State Equity Partners now owns 7,635 shares of the utilities provider's stock worth $649,000 after acquiring an additional 129 shares during the period. Covestor Ltd raised its position in shares of Dominion Energy by 49.8% in the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider's stock worth $34,000 after acquiring an additional 131 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Dominion Energy by 0.3% in the 1st 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 during the period. Finally, Ergoteles LLC boosted its position in shares of 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. 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.