Analysts Set Dominion Energy Inc (NYSE:D) Target Price at $82.40

Shares of Dominion Energy Inc (NYSE:D) have earned a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $82.40.

A number of analysts recently issued reports on D shares. Wells Fargo & Co restated a “hold” rating on shares of Dominion Energy in a research report on Friday, November 1st. TheStreet upgraded shares of Dominion Energy from a “c+” rating to a “b-” rating in a research report on Thursday, September 19th. Morgan Stanley boosted their price objective on shares of Dominion Energy from $86.00 to $87.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $78.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, October 14th.

NYSE D traded down $0.39 during trading hours on Friday, hitting $80.62. 435,881 shares of the company were exchanged, compared to its average volume of 2,870,538. Dominion Energy has a 52 week low of $67.41 and a 52 week high of $83.93. The company has a quick ratio of 0.37, a current ratio of 0.51 and a debt-to-equity ratio of 1.20. The stock has a 50-day moving average price of $82.15 and a 200 day moving average price of $78.70. The stock has a market cap of $66.67 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 4.05 and a beta of 0.21.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.02. The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.51 billion. Dominion Energy had a return on equity of 11.65% and a net margin of 6.40%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the company earned $1.15 EPS. As a group, sell-side analysts anticipate that Dominion Energy will post 4.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.9175 dividend. The ex-dividend date is Thursday, December 5th. This represents a $3.67 annualized dividend and a dividend yield of 4.55%. Dominion Energy’s payout ratio is 90.62%.

In other Dominion Energy news, Director Michael E. Szymanczyk bought 21,400 shares of the stock in a transaction on Friday, September 13th. The shares were bought at an average price of $78.85 per share, with a total value of $1,687,390.00. Following the purchase, the director now directly owns 19,541 shares in the company, valued at approximately $1,540,807.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Diane Leopold sold 11,500 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $82.48, for a total transaction of $948,520.00. Following the sale, the chief executive officer now directly owns 60,564 shares of the company’s stock, valued at approximately $4,995,318.72. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of D. Chesley Taft & Associates LLC increased its holdings in shares of Dominion Energy by 0.8% during the 3rd quarter. Chesley Taft & Associates LLC now owns 15,243 shares of the utilities provider’s stock worth $1,235,000 after buying an additional 125 shares during the last quarter. Wambolt & Associates LLC lifted its stake in Dominion Energy by 2.4% in the 3rd quarter. Wambolt & Associates LLC now owns 5,396 shares of the utilities provider’s stock valued at $437,000 after purchasing an additional 127 shares during the last quarter. OLD National Bancorp IN boosted its position in Dominion Energy by 2.1% in the third quarter. OLD National Bancorp IN now owns 6,099 shares of the utilities provider’s stock valued at $494,000 after buying an additional 128 shares in the last quarter. Grimes & Company Inc. boosted its position in Dominion Energy by 1.2% in the third quarter. Grimes & Company Inc. now owns 11,046 shares of the utilities provider’s stock valued at $895,000 after buying an additional 130 shares in the last quarter. Finally, D Orazio & Associates Inc. grew its stake in shares of Dominion Energy by 1.8% during the third quarter. D Orazio & Associates Inc. now owns 7,516 shares of the utilities provider’s stock worth $609,000 after buying an additional 136 shares during the last quarter. 65.39% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Company Profile

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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