Dominion Energy (NYSE:D) Trading Up 0.2%

Dominion Energy, Inc. (NYSE:D - Get Free Report) rose 0.2% during mid-day trading on Monday . The company traded as high as $50.14 and last traded at $49.95. Approximately 706,976 shares were traded during trading, a decline of 87% from the average daily volume of 5,347,668 shares. The stock had previously closed at $49.84.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on D. Guggenheim reduced their price target on Dominion Energy from $57.00 to $52.00 and set a "buy" rating for the company in a report on Monday, March 4th. BMO Capital Markets lowered 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 research note on Monday, March 11th. Barclays lowered their target price 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, April 15th. 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. Finally, Wells Fargo & Company increased their price target on Dominion Energy from $49.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $50.00.

Dominion Energy Price Performance

The stock's fifty day moving average price is $47.61 and its 200-day moving average price is $46.11. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. The firm has a market cap of $42.41 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results 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). The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The firm's quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 earnings per share. Equities research analysts predict that Dominion Energy, Inc. will post 2.86 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy's payout ratio is currently 114.59%.

Insider Activity

In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of Dominion Energy stock in a transaction on Wednesday, March 6th. The stock was purchased at an average cost of $46.94 per share, for a total transaction 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 $395,093.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Joseph M. Rigby acquired 2,130 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average cost of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now owns 8,417 shares in the company, valued at $395,093.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert M. Blue purchased 21,735 shares of the stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the transaction, the chief executive officer now owns 176,240 shares of the company's stock, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. 0.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dominion Energy

A number of institutional investors have recently bought and sold shares of the business. HF Advisory Group LLC raised its holdings in shares of Dominion Energy by 5.8% in the 1st quarter. HF Advisory Group LLC now owns 5,431 shares of the utilities provider's stock worth $267,000 after buying an additional 300 shares in the last quarter. PFG Investments LLC bought a new position in shares of Dominion Energy during the first quarter valued at $680,000. Raymond James & Associates boosted its stake in shares of Dominion Energy by 11.5% in the 1st quarter. Raymond James & Associates now owns 1,829,997 shares of the utilities provider's stock valued at $90,018,000 after purchasing an additional 189,422 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Dominion Energy by 1.3% in the 1st quarter. IFM Investors Pty Ltd now owns 281,123 shares of the utilities provider's stock worth $13,828,000 after purchasing an additional 3,742 shares during the last quarter. Finally, Everett Harris & Co. CA lifted its holdings in Dominion Energy by 23.8% during the 1st quarter. Everett Harris & Co. CA now owns 55,669 shares of the utilities provider's stock valued at $2,738,000 after purchasing an additional 10,690 shares during the last quarter. Institutional investors and hedge funds 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.