Brokerages Set Dominion Energy, Inc. (NYSE:D) Price Target at $56.58

Shares of Dominion Energy, Inc. (NYSE:D) have received an average rating of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $56.58.

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. Morgan Stanley started coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Barclays raised their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Scotiabank raised their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th.

Institutional Trading of Dominion Energy

A number of institutional investors have recently modified their holdings of D. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy during the 3rd quarter worth approximately $28,000. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy in the 3rd quarter valued at $32,000. Dunhill Financial LLC raised its holdings in shares of Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after buying an additional 449 shares during the last quarter. Finally, Kimelman & Baird LLC acquired a new stake in Dominion Energy in the second quarter valued at about $36,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

D opened at $54.73 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The stock has a market capitalization of $45.97 billion, a P/E ratio of 19.20, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60. The company’s 50 day simple moving average is $56.33 and its 200-day simple moving average is $55.38. Dominion Energy has a one year low of $43.53 and a one year high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.05. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS. Sell-side analysts anticipate that Dominion Energy will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date was Friday, November 29th. Dominion Energy’s dividend payout ratio is currently 93.68%.

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.