Dominion Energy (NYSE:D) Shares Down 0.4%

Dominion Energy, Inc. (NYSE:D - Get Free Report) dropped 0.4% during mid-day trading on Thursday . The stock traded as low as $48.39 and last traded at $48.59. Approximately 803,961 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 5,495,434 shares. The stock had previously closed at $48.80.

Analyst Upgrades and Downgrades

D has been the topic of several recent research reports. BMO Capital Markets downgraded Dominion Energy from an "outperform" rating to a "market perform" rating and set a $49.00 price target on the stock. in a report on Monday, March 11th. Mizuho reduced their price target on Dominion Energy from $47.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, March 6th. Wells Fargo & Company boosted their price objective on Dominion Energy from $49.00 to $51.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 7th. Scotiabank dropped their price objective on Dominion Energy from $50.00 to $49.00 and set a "sector perform" rating on the stock in a research note on Monday, March 4th. Finally, Guggenheim dropped their price objective on Dominion Energy from $57.00 to $52.00 and set a "buy" rating on the stock in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Dominion Energy presently has a consensus rating of "Hold" and an average target price of $49.90.

Dominion Energy Stock Up 0.5 %

The business has a 50-day moving average price of $47.13 and a 200-day moving average price of $45.90. The company has a market capitalization of $41.06 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 2.00 and a beta of 0.61. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29.

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. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 5.45%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy's payout ratio is 114.59%.

Insider Activity at Dominion Energy

In other Dominion Energy news, Director Joseph M. Rigby purchased 2,130 shares of the company's stock in a transaction that occurred on 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 transaction, the director now owns 8,417 shares of the company's stock, valued at $395,093.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Robert M. Blue purchased 21,735 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was bought at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the purchase, 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 is accessible through this link. Also, Director Joseph M. Rigby purchased 2,130 shares of the firm's stock in a transaction dated Wednesday, March 6th. The shares were bought at an average price of $46.94 per share, with a total value 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. 0.12% of the stock is owned by insiders.

Institutional Trading of Dominion Energy

Several large investors have recently made changes to their positions in D. Sei Investments Co. raised its holdings in Dominion Energy by 7.7% in the 1st quarter. Sei Investments Co. now owns 168,723 shares of the utilities provider's stock valued at $14,325,000 after acquiring an additional 12,002 shares in the last quarter. Prudential PLC bought a new position in Dominion Energy in the 1st quarter valued at $1,528,000. Sequoia Financial Advisors LLC boosted its position in shares of Dominion Energy by 30.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 7,195 shares of the utilities provider's stock worth $611,000 after purchasing an additional 1,661 shares during the last quarter. Covestor Ltd boosted 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 purchasing an additional 131 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of Dominion Energy in the 1st quarter worth $419,000. 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.