A number of research firms have changed their ratings and price targets for Dominion Energy (NYSE: D):

  • 10/11/2018 – Dominion Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In last six months, shares of Dominion Energy have outperformed its industry's rally.  Dominion Energy’s Cove Point Liquefaction project have started operation and is contributing as per expectation. Dominion Energy is benefiting from its regulated growth projects and synergies from Questar’s acquisition. The company’s expansion of electric transmission, natural gas facilities and midstream assets are strong positives. Its merger deal with SCANA received FERC Nod and is going to be immediately accretive to earnings of the company.  However, any delay in ongoing capital projects could adversely impact profitability of the company. Reduction in solar investment tax credits and share dilution may affect its future results. The company and its gas unit’s dependency upon third-party producers for natural gas supply increases risk.”
  • 10/9/2018 – Dominion Energy was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $78.00 price target on the stock.
  • 10/6/2018 – Dominion Energy was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/27/2018 – Dominion Energy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $78.00 price target on the stock. According to Zacks, “In last three months, shares of Dominion Energy have gained against its industry's decline.  Dominion Energy’s Cove Point Liquefaction project have started operation and is contributing as per expectation. Dominion Energy is benefiting from its regulated growth projects and synergies from Questar’s acquisition. The company’s expansion of electric transmission, natural gas facilities and midstream assets are strong positives. Its merger deal with SCANA received FERC Nod and is going to be immediately accretive to earnings of the company.  However, any delay in ongoing capital projects could adversely impact profitability of the company. Reduction in solar investment tax credits and share dilution may affect its future results. The company and its gas unit’s dependency upon third-party producers for natural gas supply increases risk.”
  • 9/25/2018 – Dominion Energy was given a new $74.00 price target on by analysts at Macquarie. They now have a “buy” rating on the stock.
  • 9/19/2018 – Dominion Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In the past three months, shares of Dominion Energy have outperformed the industry. Dominion Energy’s Cove Point Liquefaction project have started operation and is contributing as per expectation. Dominion Energy is benefiting from its regulated growth projects and synergies from Questar’s acquisition. The company’s expansion of electric transmission, natural gas facilities and midstream assets are strong positives. Its merger deal with SCANA received FERC Nod and is going to be immediately accretive to earnings of the company.  However, any delay in ongoing capital projects could adversely impact profitability of the company. Reduction in solar investment tax credits and share dilution may affect its future results. The company and its gas unit’s dependency upon third-party producers for natural gas supply increases risk.”
  • 9/19/2018 – Dominion Energy had its price target raised by analysts at Argus from $74.00 to $79.00. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/18/2018 – Dominion Energy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $80.00 price target on the stock. According to Zacks, “In the past three months, shares of Dominion Energy have outperformed the industry. Dominion Energy’s Cove Point Liquefaction project have started operation and is contributing as per expectation. Dominion Energy is benefiting from its regulated growth projects and synergies from Questar’s acquisition. The company’s expansion of electric transmission, natural gas facilities and midstream assets are strong positives. Its merger deal with SCANA received FERC Nod and is going to be immediately accretive to earnings of the company.  However, any delay in ongoing capital projects could adversely impact profitability of the company. Reduction in solar investment tax credits and share dilution may affect its future results. The company and its gas unit’s dependency upon third-party producers for natural gas supply increases risk.”
  • 9/17/2018 – Dominion Energy had its “hold” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $76.00 price target on the stock, up previously from $73.00.

NYSE D opened at $71.61 on Tuesday. Dominion Energy Inc has a twelve month low of $61.53 and a twelve month high of $85.30. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.36 and a current ratio of 0.52. The company has a market cap of $45.95 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 2.82 and a beta of 0.23.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, August 1st. The utilities provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. Dominion Energy had a net margin of 23.69% and a return on equity of 13.13%. The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the previous year, the company posted $0.67 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts expect that Dominion Energy Inc will post 4.13 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 20th. Shareholders of record on Friday, September 7th were given a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend was Thursday, September 6th. Dominion Energy’s payout ratio is 92.78%.

In other news, Director John W. Harris acquired 10,000 shares of the stock in a transaction on Tuesday, August 28th. The shares were purchased at an average cost of $71.15 per share, for a total transaction of $711,500.00. Following the transaction, the director now owns 17,495 shares in the company, valued at approximately $1,244,769.25. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.34% of the company’s stock.

Several institutional investors have recently bought and sold shares of D. Kaizen Advisory LLC lifted its stake in shares of Dominion Energy by 136.6% in the 2nd quarter. Kaizen Advisory LLC now owns 1,474 shares of the utilities provider’s stock valued at $100,000 after purchasing an additional 851 shares during the last quarter. Private Capital Group LLC lifted its stake in shares of Dominion Energy by 1,708.3% in the 1st quarter. Private Capital Group LLC now owns 2,170 shares of the utilities provider’s stock valued at $146,000 after purchasing an additional 2,050 shares during the last quarter. McKinley Carter Wealth Services Inc. acquired a new stake in shares of Dominion Energy in the 1st quarter valued at $152,000. Bridgeworth LLC acquired a new stake in shares of Dominion Energy in the 2nd quarter valued at $166,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in shares of Dominion Energy by 310.6% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,644 shares of the utilities provider’s stock valued at $180,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

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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