Media headlines about Dominion Energy (NYSE:D) have been trending somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Dominion Energy earned a news impact score of 0.21 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 45.4075389273882 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Dominion Energy (D) Cut to “Sector Perform” at National Bank Financial (americanbankingnews.com)
- Dominion and Pipeline Oversight (newsadvance.com)
- Dominion Energy (D) Receives New Coverage from Analysts at Bank of America (americanbankingnews.com)
- Dominion Energy, Dominion Energy Midstream Schedule First-Quarter Earnings Conference Call (finance.yahoo.com)
- NEE or D: Which Top Utility Has a More Attractive Valuation? (finance.yahoo.com)
NYSE:D traded down $1.12 during trading hours on Friday, hitting $66.22. The stock had a trading volume of 5,215,835 shares, compared to its average volume of 5,961,628. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.45 and a quick ratio of 0.30. Dominion Energy has a one year low of $66.10 and a one year high of $85.30. The company has a market cap of $43,873.67, a price-to-earnings ratio of 18.39, a PEG ratio of 2.46 and a beta of 0.27.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd were issued a $0.835 dividend. This represents a $3.34 annualized dividend and a yield of 5.04%. 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 (DPR) is presently 92.78%.
Several research firms recently commented on D. Bank of America cut their price objective on shares of Dominion Energy from $80.00 to $79.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Morgan Stanley raised their price objective on shares of Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. UBS began coverage on shares of Dominion Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $85.00 price objective for the company. Zacks Investment Research downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Finally, Hilliard Lyons set a $76.00 price objective on shares of Dominion Energy and gave the stock a “buy” rating in a report on Thursday, March 29th. Thirteen analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Dominion Energy has a consensus rating of “Hold” and an average target price of $78.21.
In related news, Director Joseph M. Rigby acquired 2,679 shares of the stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average price of $74.65 per share, for a total transaction of $199,987.35. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John W. Harris sold 11,254 shares of the firm’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $79.94, for a total transaction of $899,644.76. Following the sale, the director now owns 13,282 shares in the company, valued at approximately $1,061,763.08. The disclosure for this sale can be found here. 0.37% of the stock is owned by company insiders.
About Dominion Energy
Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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