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

Dominion Energy, Inc. (NYSE:D) has been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $57.18.

Several research firms have issued reports on D. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Morgan Stanley began coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Finally, Scotiabank lifted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th.

Dominion Energy Price Performance

NYSE D opened at $54.77 on Friday. Dominion Energy has a 12 month low of $46.56 and a 12 month high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a market capitalization of $46.66 billion, a PE ratio of 20.28, a P/E/G ratio of 1.22 and a beta of 0.58. The company’s 50 day simple moving average is $55.15 and its 200 day simple moving average is $56.33.

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

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is 98.89%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Simon Quick Advisors LLC boosted its holdings in shares of Dominion Energy by 4.5% during the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $229,000 after buying an additional 184 shares during the period. Cadence Bank boosted its holdings in shares of Dominion Energy by 2.0% during the 4th quarter. Cadence Bank now owns 9,561 shares of the utilities provider’s stock worth $515,000 after buying an additional 189 shares during the period. Cobblestone Capital Advisors LLC NY boosted its holdings in shares of Dominion Energy by 2.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after buying an additional 195 shares during the period. Choate Investment Advisors boosted its holdings in shares of Dominion Energy by 5.4% during the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock worth $209,000 after buying an additional 198 shares during the period. Finally, Passumpsic Savings Bank boosted its holdings in shares of Dominion Energy by 2.7% during the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after buying an additional 199 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

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.