Dominion Energy, Inc. (NYSE:D) Receives Consensus Recommendation of “Hold” from Analysts

Dominion Energy, Inc. (NYSE:D) has received a consensus recommendation of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat reports. Ten research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $56.58.

D has been the subject of a number of recent analyst reports. Morgan Stanley began coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th.

Hedge Funds Weigh In On Dominion Energy

Several hedge funds and other institutional investors have recently made changes to their positions in D. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Dominion Energy by 450.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 378 shares in the last quarter. Cape Investment Advisory Inc. raised its position in shares of Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 300 shares in the last quarter. BankPlus Trust Department purchased a new stake in Dominion Energy during the fourth quarter worth approximately $26,000. Sanctuary Wealth Management L.L.C. purchased a new position in Dominion Energy in the third quarter valued at approximately $28,000. Finally, Roble Belko & Company Inc purchased a new stake in shares of Dominion Energy during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 1.9 %

Shares of Dominion Energy stock opened at $57.38 on Monday. The stock has a 50 day moving average of $54.58 and a 200 day moving average of $56.35. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm has a market capitalization of $48.20 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 1.21 and a beta of 0.61. Dominion Energy has a fifty-two week low of $44.17 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, research analysts predict that Dominion Energy will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.65%. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.