Shares of Dominion Energy Inc (NYSE:D) have received a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the company, MarketBeat.com reports. Fourteen equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $81.00.
Several equities research analysts recently issued reports on D shares. JPMorgan Chase & Co. raised shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 target price for the company in a report on Thursday, December 14th. UBS lowered shares of Dominion Energy from a “buy” rating to a “neutral” rating and set a $85.00 target price for the company. in a report on Friday, March 16th. Hilliard Lyons raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a report on Tuesday, January 30th. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Wednesday, January 17th. Finally, Bank of America set a $87.00 price target on Dominion Energy and gave the stock a “buy” rating in a research note on Wednesday, January 3rd.
In other news, Director Joseph M. Rigby bought 2,679 shares of the stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average cost of $74.65 per share, for a total transaction of $199,987.35. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John W. Harris sold 2,665 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $80.60, for a total value of $214,799.00. Following the transaction, the director now owns 13,282 shares of the company’s stock, valued at $1,070,529.20. The disclosure for this sale can be found here. Corporate insiders own 0.37% of the company’s stock.
D stock traded up $0.68 during midday trading on Wednesday, hitting $67.98. 1,806,093 shares of the stock traded hands, compared to its average volume of 4,909,493. Dominion Energy has a 12-month low of $67.17 and a 12-month high of $85.30. The stock has a market cap of $43,847.61, a price-to-earnings ratio of 13.80, a P/E/G ratio of 2.46 and a beta of 0.23. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 1.60.
Dominion Energy (NYSE:D) last released its earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.02. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.47 billion. Dominion Energy had a net margin of 24.92% and a return on equity of 12.67%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 EPS. analysts forecast that Dominion Energy will post 4.04 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd were paid a $0.835 dividend. This represents a $3.34 annualized dividend and a yield of 4.91%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Thursday, March 1st. Dominion Energy’s dividend payout ratio is presently 68.02%.
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Dominion Energy Company Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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