Dominion Energy (D) Raised to Hold at ValuEngine

ValuEngine upgraded shares of Dominion Energy (NYSE:D) from a sell rating to a hold rating in a research report released on Saturday.

D has been the topic of several other reports. Zacks Investment Research upgraded Dominion Energy from a hold rating to a buy rating and set a $80.00 price target on the stock in a research note on Tuesday, September 18th. Wells Fargo & Co restated a hold rating and set a $76.00 price target (up from $73.00) on shares of Dominion Energy in a research note on Monday, September 17th. Howard Weil assumed coverage on Dominion Energy in a research note on Tuesday, July 24th. They set a sector perform rating on the stock. Scotiabank assumed coverage on Dominion Energy in a research note on Tuesday, July 24th. They set a hold rating and a $167.00 price target on the stock. Finally, Argus boosted their price target on Dominion Energy from $74.00 to $79.00 and gave the company a buy rating in a research note on Wednesday, September 19th. They noted that the move was a valuation call. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $83.75.

Dominion Energy stock opened at $72.99 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.36 and a current ratio of 0.52. The stock has a market capitalization of $45.95 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.82 and a beta of 0.23. Dominion Energy has a 52 week low of $61.53 and a 52 week high of $85.30.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, August 1st. The utilities provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.04 billion. Dominion Energy had a return on equity of 13.13% and a net margin of 23.69%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. Analysts anticipate that Dominion Energy will post 4.13 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 20th. Investors of record on Friday, September 7th were paid a dividend of $0.835 per share. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $3.34 annualized dividend and a yield of 4.58%. Dominion Energy’s dividend payout ratio is 92.78%.

In other news, Director John W. Harris purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, August 28th. The shares were purchased at an average cost of $71.15 per share, for a total transaction of $711,500.00. Following the completion of the purchase, the director now directly owns 17,495 shares of the company’s stock, valued at approximately $1,244,769.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.34% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in D. Dimensional Fund Advisors LP boosted its holdings in Dominion Energy by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,128,566 shares of the utilities provider’s stock valued at $76,099,000 after purchasing an additional 8,296 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Dominion Energy by 19.6% in the 1st quarter. Schroder Investment Management Group now owns 38,569 shares of the utilities provider’s stock worth $2,601,000 after acquiring an additional 6,314 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Dominion Energy by 80.0% in the 1st quarter. Sei Investments Co. now owns 122,079 shares of the utilities provider’s stock worth $8,231,000 after acquiring an additional 54,264 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of Dominion Energy by 1,007.6% in the 1st quarter. OppenheimerFunds Inc. now owns 283,741 shares of the utilities provider’s stock worth $19,132,000 after acquiring an additional 258,124 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Dominion Energy by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 932,301 shares of the utilities provider’s stock worth $62,865,000 after acquiring an additional 11,234 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Dominion Energy (NYSE:D)

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