Dominion Energy (NYSE:D) Raised to Hold at Argus

Dominion Energy (NYSE:D) was upgraded by equities research analysts at Argus to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts have also issued reports on D. Morgan Stanley increased their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. boosted their target price on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. UBS Group upped their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Finally, Scotiabank raised their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Thirteen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $57.58.

Dominion Energy Trading Up 1.9 %

NYSE:D opened at $53.84 on Tuesday. 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 cap of $45.87 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.22 and a beta of 0.59. The firm’s fifty day moving average is $55.19 and its 200-day moving average is $56.22. Dominion Energy has a 52 week low of $46.62 and a 52 week high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that Dominion Energy will post 3.39 earnings per share for the current year.

Institutional Investors Weigh In On Dominion Energy

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

About Dominion Energy

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.