Morgan Stanley Issues Positive Forecast for Dominion Energy (NYSE:D) Stock Price

Dominion Energy (NYSE:D) had its target price upped by Morgan Stanley from $60.00 to $63.00 in a research report released on Thursday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the utilities provider’s stock.

D has been the topic of a number of other research reports. Scotiabank raised their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their target price on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $57.36.

Dominion Energy Price Performance

Dominion Energy stock opened at $54.91 on Thursday. The stock’s fifty day moving average price is $55.17 and its two-hundred day moving average price is $56.31. Dominion Energy has a one year low of $46.56 and a one year 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 cap of $46.79 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS 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 expect that Dominion Energy will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio is 98.89%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Howard Capital Management Group LLC acquired a new position in Dominion Energy during the 3rd quarter worth approximately $210,000. Empowered Funds LLC raised its stake in shares of Dominion Energy by 10.1% in the third quarter. Empowered Funds LLC now owns 14,460 shares of the utilities provider’s stock worth $836,000 after purchasing an additional 1,323 shares during the last quarter. Quest Partners LLC raised its stake in shares of Dominion Energy by 771,000.0% in the third quarter. Quest Partners LLC now owns 7,711 shares of the utilities provider’s stock worth $446,000 after purchasing an additional 7,710 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Dominion Energy in the third quarter worth approximately $980,000. Finally, West Family Investments Inc. purchased a new stake in shares of Dominion Energy in the third quarter worth approximately $204,000. 73.04% of the stock is owned by institutional investors and hedge funds.

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.