Dominion Energy (D) PT Lowered to $72.00 at UBS

Dominion Energy (NYSE:D) had its target price cut by UBS from $77.00 to $72.00 in a research note released on Wednesday morning, www.analystratings.com reports. They currently have a neutral rating on the utilities provider’s stock.

A number of other research analysts have also recently commented on D. Bank of America decreased their target price on shares of Dominion Energy from $80.00 to $79.00 and set a buy rating on the stock in a research report on Wednesday, February 7th. Morgan Stanley upped their target price on shares of Dominion Energy from $85.00 to $87.00 and gave the company an equal weight rating in a research report on Wednesday, December 13th. Zacks Investment Research cut shares of Dominion Energy from a buy rating to a hold rating in a research report on Thursday, January 18th. JPMorgan Chase & Co. cut shares of Dominion Energy from an overweight rating to a neutral rating and set a $74.00 target price on the stock. in a research report on Friday, March 16th. Finally, Hilliard Lyons raised shares of Dominion Energy from a neutral rating to a buy rating and set a $86.00 target price on the stock in a research report on Tuesday, January 30th. Fourteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Dominion Energy presently has a consensus rating of Hold and an average target price of $79.27.

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Shares of D stock opened at $67.43 on Wednesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.30 and a current ratio of 0.45. The stock has a market cap of $43,932.31, a PE ratio of 18.78, a PEG ratio of 2.47 and a beta of 0.23. Dominion Energy has a twelve month low of $66.99 and a twelve month high of $85.30.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.02. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Dominion Energy had a net margin of 24.92% and a return on equity of 12.67%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS. analysts forecast that Dominion Energy will post 4.03 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd were given a $0.835 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $3.34 dividend on an annualized basis and a yield of 4.95%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.77. Dominion Energy’s dividend payout ratio is presently 92.78%.

In other Dominion Energy news, Director John W. Harris sold 2,665 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $80.60, for a total transaction of $214,799.00. Following the sale, the director now directly owns 13,282 shares in the company, valued at $1,070,529.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Harris sold 11,254 shares of the business’s stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $79.94, for a total transaction of $899,644.76. Following the sale, the director now owns 13,282 shares in the company, valued at $1,061,763.08. The disclosure for this sale can be found here. 0.37% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of D. BlackRock Inc. increased its stake in shares of Dominion Energy by 4.4% during the fourth quarter. BlackRock Inc. now owns 45,032,247 shares of the utilities provider’s stock worth $3,650,316,000 after buying an additional 1,902,352 shares during the period. Geode Capital Management LLC increased its stake in shares of Dominion Energy by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 6,419,395 shares of the utilities provider’s stock worth $519,194,000 after buying an additional 237,339 shares during the period. Wells Fargo & Company MN increased its stake in shares of Dominion Energy by 4.0% during the third quarter. Wells Fargo & Company MN now owns 6,355,070 shares of the utilities provider’s stock worth $488,896,000 after buying an additional 244,870 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Dominion Energy by 1.8% during the fourth quarter. Bank of New York Mellon Corp now owns 4,976,622 shares of the utilities provider’s stock worth $403,404,000 after buying an additional 90,236 shares during the period. Finally, Epoch Investment Partners Inc. increased its stake in shares of Dominion Energy by 24.1% during the third quarter. Epoch Investment Partners Inc. now owns 3,527,979 shares of the utilities provider’s stock worth $271,408,000 after buying an additional 684,637 shares during the period. Institutional investors own 65.29% of the company’s stock.

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About Dominion Energy

Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

Analyst Recommendations for Dominion Energy (NYSE:D)

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