Analysts’ Weekly Ratings Changes for Dominion Energy (D)

Several analysts have recently updated their ratings and price targets for Dominion Energy (NYSE: D):

  • 4/22/2019 – Dominion Energy was given a new $77.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock.
  • 4/16/2019 – Dominion Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In the last 12 months shares of Dominion Energy have outperformed its industry. Dominion Energy is benefiting from its regulated growth projects and synergies from acquisition. The company’s expansion of electric transmission, natural gas facilities and midstream assets are strong positives. The company completed its merger with SCANA and it is likely to be immediately accretive to earnings. However, Dominion Energy’s future earnings may get affected due to increase in pension expenses and share dilution. The company and its gas unit’s dependency upon third-party producers for natural gas supply increases risk. Any delay in the ongoing capital projects may impact Dominion Energy’s profitability.”
  • 4/12/2019 – Dominion Energy is now covered by analysts at Credit Suisse Group AG. They set a “neutral” rating and a $78.00 price target on the stock.
  • 4/8/2019 – Dominion Energy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $87.00 price target on the stock. According to Zacks, “In the last 12 months shares of Dominion Energy have outperformed its industry. Dominion Energy is benefiting from its regulated growth projects and synergies from acquisition. The company’s expansion of electric transmission, natural gas facilities and midstream assets are strong positives. The company completed its merger with SCANA and it is likely to be immediately accretive to earnings. However, Dominion Energy’s future earnings may get affected due to increase in pension expenses and share dilution. The company and its gas unit’s dependency upon third-party producers for natural gas supply increases risk. Any delay in the ongoing capital projects may impact Dominion Energy’s profitability.”
  • 3/18/2019 – Dominion Energy was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 3/18/2019 – Dominion Energy was given a new $79.00 price target on by analysts at Wolfe Research. They now have a “hold” rating on the stock.
  • 3/11/2019 – Dominion Energy is now covered by analysts at Mizuho. They set a “neutral” rating and a $76.00 price target on the stock.
  • 3/8/2019 – Dominion Energy was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “In last three month shares of Dominion Energy have declined against its industry's gain. Dominion Energy’s future earnings may get affected due to increase in pension expenses and share dilution. The company and its gas unit’s dependency upon third-party producers for natural gas supply increases risk. Any delay in the ongoing capital projects may impact Dominion Energy’s profitability. However, Dominion Energy is benefiting from its regulated growth projects and synergies from acquisition. The company’s expansion of electric transmission, natural gas facilities and midstream assets are strong positives. The company completed its merger with SCANA and it is likely to be immediately accretive to earnings.”
  • 2/27/2019 – Dominion Energy had its “buy” rating reaffirmed by analysts at Argus.
  • 2/25/2019 – Dominion Energy was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “In the last month shares of Dominion Energy have gained 9.4%. Dominion Energy is benefiting from its regulated growth projects and synergies from acquisition. The company’s expansion of electric transmission, natural gas facilities and midstream assets are strong positives. The company completed its merger with SCANA and it is likely to be immediately accretive to earnings. However, increase in pension expenses and share dilution may affect Dominion Energy’s future earnings. The company and its gas unit’s dependency upon third-party producers for natural gas supply increases risk. Any delay in the ongoing capital projects may impact Dominion Energy’s profitability.”

Shares of NYSE D opened at $76.55 on Friday. Dominion Energy Inc has a 12 month low of $61.53 and a 12 month high of $77.50. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.41. The stock has a market cap of $60.99 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 3.24 and a beta of 0.22.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, February 1st. The utilities provider reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). Dominion Energy had a net margin of 18.31% and a return on equity of 12.85%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts anticipate that Dominion Energy Inc will post 4.18 EPS for the current year.

In related news, Director Robert H. Spilman, Jr. sold 1,215 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $76.01, for a total transaction of $92,352.15. Following the completion of the sale, the director now owns 23,598 shares in the company, valued at $1,793,683.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Diane Leopold sold 2,500 shares of the stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $71.31, for a total value of $178,275.00. Following the sale, the chief executive officer now owns 48,677 shares of the company’s stock, valued at approximately $3,471,156.87. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in D. Nalls Sherbakoff Group LLC bought a new stake in Dominion Energy during the 4th quarter valued at $26,000. Altshuler Shaham Ltd purchased a new position in Dominion Energy during the 4th quarter worth $27,000. Massey Quick Simon & CO. LLC purchased a new stake in Dominion Energy during the 1st quarter valued at about $27,000. Athena Capital Advisors LLC purchased a new stake in Dominion Energy during the 4th quarter valued at about $28,000. Finally, Heritage Trust Co grew its stake in Dominion Energy by 58.8% during the 4th quarter. Heritage Trust Co now owns 405 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 58.94% of the company’s stock.

Dominion Energy, Inc produces and transports energy. 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.

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