Other research analysts have also issued reports about the company. Bank of America dropped their price target on 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 price target on Dominion Energy from $85.00 to $87.00 and gave the company an equal weight rating in a research report on Wednesday, December 13th. UBS assumed coverage on Dominion Energy in a research report on Friday, February 2nd. They set a buy rating and a $85.00 price target on the stock. Zacks Investment Research lowered Dominion Energy from a buy rating to a hold rating in a research report on Thursday, January 18th. Finally, JPMorgan Chase lowered Dominion Energy from an overweight rating to a neutral rating and set a $74.00 price target on the stock. in a research report on Friday, March 16th. Fourteen research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $79.27.
Shares of Dominion Energy stock opened at $67.43 on Thursday. The firm has a market cap of $43,932.33, a PE ratio of 18.73, a P/E/G ratio of 2.46 and a beta of 0.23. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 1.60. Dominion Energy has a 12-month low of $66.99 and a 12-month high of $85.30.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Friday, March 2nd were given a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend was Thursday, March 1st. This is a boost from Dominion Energy’s previous quarterly dividend of $0.77. Dominion Energy’s payout ratio is currently 92.78%.
In other Dominion Energy news, Director John W. Harris sold 2,665 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $80.60, for a total value of $214,799.00. Following the completion of the transaction, the director now owns 13,282 shares of the company’s stock, valued at approximately $1,070,529.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joseph M. Rigby purchased 2,679 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average cost of $74.65 per share, with a total value of $199,987.35. The disclosure for this purchase can be found here. 0.37% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. We Are One Seven LLC acquired a new position in Dominion Energy in the 4th quarter valued at approximately $111,000. American Research & Management Co. raised its holdings in Dominion Energy by 159.7% in the 4th quarter. American Research & Management Co. now owns 1,423 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 875 shares in the last quarter. MHI Funds LLC acquired a new position in Dominion Energy in the 4th quarter valued at approximately $119,000. Chicago Partners Investment Group LLC raised its holdings in Dominion Energy by 160.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,565 shares of the utilities provider’s stock valued at $120,000 after acquiring an additional 965 shares in the last quarter. Finally, CWM LLC raised its holdings in Dominion Energy by 104.0% in the 4th quarter. CWM LLC now owns 1,803 shares of the utilities provider’s stock valued at $146,000 after acquiring an additional 919 shares in the last quarter. 65.29% of the stock is owned by hedge funds and other institutional investors.
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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.
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