Dominion Energy Inc. (D) PT Raised to $77.00 at Deutsche Bank AG
Dominion Energy Inc. (NYSE:D) had its price objective lifted by equities researchers at Deutsche Bank AG from $76.00 to $77.00 in a note issued to investors on Thursday. The firm presently has a “hold” rating on the utilities provider’s stock. Deutsche Bank AG’s price objective points to a potential downside of 1.38% from the company’s previous close.
D has been the subject of a number of other reports. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Monday, April 10th. Royal Bank Of Canada set a $77.00 target price on shares of Dominion Energy and gave the company a “hold” rating in a report on Saturday, June 3rd. Morgan Stanley cut their target price on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a report on Monday, May 8th. Citigroup Inc. cut their target price on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, July 26th. Finally, Barclays PLC reissued an “overweight” rating and issued a $89.00 target price (up from $80.00) on shares of Dominion Energy in a report on Sunday, April 23rd. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $80.57.
Dominion Energy (D) traded down 0.41% during trading on Thursday, reaching $78.08. 2,025,932 shares of the company’s stock were exchanged. Dominion Energy has a 12-month low of $69.51 and a 12-month high of $81.65. The stock’s 50-day moving average is $77.52 and its 200-day moving average is $77.14. The company has a market cap of $49.04 billion, a P/E ratio of 22.59 and a beta of 0.28.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.14%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share. Analysts predict that Dominion Energy will post $3.65 EPS for the current fiscal year.
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Several hedge funds have recently modified their holdings of D. Chevy Chase Trust Holdings Inc. raised its stake in shares of Dominion Energy by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 550,484 shares of the utilities provider’s stock worth $42,700,000 after buying an additional 16,305 shares in the last quarter. Fulton Bank N.A. raised its stake in shares of Dominion Energy by 11.6% in the first quarter. Fulton Bank N.A. now owns 30,385 shares of the utilities provider’s stock worth $2,357,000 after buying an additional 3,147 shares in the last quarter. Catawba Capital Management VA raised its stake in shares of Dominion Energy by 1.7% in the first quarter. Catawba Capital Management VA now owns 24,264 shares of the utilities provider’s stock worth $1,882,000 after buying an additional 400 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of Dominion Energy by 24.6% in the first quarter. Raymond James Trust N.A. now owns 44,562 shares of the utilities provider’s stock worth $3,457,000 after buying an additional 8,801 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC raised its stake in shares of Dominion Energy by 0.9% in the first quarter. Douglass Winthrop Advisors LLC now owns 7,475 shares of the utilities provider’s stock worth $580,000 after buying an additional 70 shares in the last quarter. 66.18% of the stock is owned by hedge funds and other institutional investors.
About Dominion Energy
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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