Dominion Energy (NYSE:D) Stock Price Up 1.6%

Dominion Energy, Inc. (NYSE:D) shares traded up 1.6% during trading on Monday . The company traded as high as $51.32 and last traded at $51.27. 452,540 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 5,267,853 shares. The stock had previously closed at $50.45.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays reduced their price target on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Guggenheim reduced their price target on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. Wells Fargo & Company increased their price target on Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. Scotiabank reduced their target price on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Finally, BMO Capital Markets downgraded Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price on the stock. in a report on Monday, March 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $49.10.

Dominion Energy Price Performance

The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. The business has a 50-day moving average price of $48.17 and a two-hundred day moving average price of $46.42. The firm has a market capitalization of $42.92 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 3.37 and a beta of 0.61.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 earnings per share. As a group, research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Insider Activity at Dominion Energy

In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the transaction, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The disclosure for this purchase can be found here. 0.14% of the stock is owned by insiders.

Hedge Funds Weigh In On Dominion Energy

Hedge funds have recently modified their holdings of the company. Criterion Capital Advisors LLC acquired a new position in shares of Dominion Energy during the 4th quarter valued at $29,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Dominion Energy during the 4th quarter valued at $30,000. Rise Advisors LLC bought a new stake in shares of Dominion Energy during the 1st quarter worth $30,000. FSC Wealth Advisors LLC boosted its stake in shares of Dominion Energy by 149.6% during the 3rd quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 410 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Dominion Energy by 84.5% during the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 310 shares in the last quarter. 73.04% of the stock is currently 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.