ValuEngine Upgrades Dominion Energy (D) to “Buy”

ValuEngine upgraded shares of Dominion Energy (NYSE:D) from a hold rating to a buy rating in a research report released on Thursday, ValuEngine reports.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered Dominion Energy from a buy rating to a hold rating in a research note on Tuesday, April 16th. TheStreet lowered Dominion Energy from a b rating to a c+ rating in a research note on Friday, May 3rd. Credit Suisse Group set a $77.00 target price on Dominion Energy and gave the stock a hold rating in a research note on Monday, April 22nd. Argus restated a buy rating on shares of Dominion Energy in a research note on Wednesday, February 27th. Finally, Mizuho started coverage on Dominion Energy in a research note on Monday, March 11th. They issued a neutral rating and a $76.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $85.00.

Shares of D opened at $77.72 on Thursday. The stock has a market cap of $62.36 billion, a P/E ratio of 19.19, a P/E/G ratio of 3.76 and a beta of 0.23. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.61. Dominion Energy has a 52-week low of $61.53 and a 52-week high of $78.14.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, May 3rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.02). The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $4.84 billion. Dominion Energy had a return on equity of 12.35% and a net margin of 9.19%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the company posted $1.14 EPS. As a group, research analysts expect that Dominion Energy will post 4.18 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be given a dividend of $0.9175 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $3.67 annualized dividend and a dividend yield of 4.72%. Dominion Energy’s dividend payout ratio (DPR) is presently 90.62%.

In other 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 transaction, the director now directly owns 23,598 shares in the company, valued at approximately $1,793,683.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director D Maybank Hagood acquired 1,965 shares of Dominion Energy stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average price of $76.34 per share, for a total transaction of $150,008.10. Following the completion of the transaction, the director now directly owns 2,975 shares in the company, valued at approximately $227,111.50. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Valeo Financial Advisors LLC grew its position in Dominion Energy by 6.5% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,231 shares of the utilities provider’s stock worth $171,000 after acquiring an additional 136 shares during the last quarter. Dividend Assets Capital LLC grew its position in Dominion Energy by 2.4% during the 1st quarter. Dividend Assets Capital LLC now owns 5,848 shares of the utilities provider’s stock worth $448,000 after acquiring an additional 136 shares during the last quarter. Versant Capital Management Inc grew its position in Dominion Energy by 12.8% during the 1st quarter. Versant Capital Management Inc now owns 1,232 shares of the utilities provider’s stock worth $94,000 after acquiring an additional 140 shares during the last quarter. Smithfield Trust Co. grew its position in Dominion Energy by 1.1% during the 1st quarter. Smithfield Trust Co. now owns 12,789 shares of the utilities provider’s stock worth $981,000 after acquiring an additional 140 shares during the last quarter. Finally, Delta Asset Management LLC TN grew its position in Dominion Energy by 1.3% during the 1st quarter. Delta Asset Management LLC TN now owns 10,780 shares of the utilities provider’s stock worth $826,000 after acquiring an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 62.35% of the company’s stock.

About Dominion Energy

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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Analyst Recommendations for Dominion Energy (NYSE:D)

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