Dominion Energy (NYSE:D) Price Target Raised to $52.00

Dominion Energy (NYSE:D) had its price objective hoisted by Mizuho from $45.00 to $52.00 in a report issued on Friday morning, Benzinga reports. Mizuho currently has a neutral rating on the utilities provider’s stock.

D has been the subject of several other research reports. Bank of America raised their price target on Dominion Energy from $40.00 to $43.00 and gave the company an underperform rating in a report on Tuesday, April 23rd. Wells Fargo & Company raised their price objective on Dominion Energy from $49.00 to $51.00 and gave the company an equal weight rating in a research note on Thursday, March 7th. 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 research report on Monday, March 11th. Scotiabank dropped their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a sector perform rating for the company in a research note on Monday, April 22nd. Finally, StockNews.com lowered shares of Dominion Energy from a hold rating to a sell rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $50.73.

Dominion Energy Stock Up 0.0 %

Shares of D opened at $51.41 on Friday. Dominion Energy has a 12-month low of $39.18 and a 12-month high of $57.27. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $43.06 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59. The business’s 50 day moving average is $48.76 and its 200 day moving average is $46.83.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. Dominion Energy’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 earnings per share. Research analysts expect that Dominion Energy will post 2.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dominion Energy news, Director Joseph M. Rigby acquired 2,130 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was bought at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Robert M. Blue purchased 21,735 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the transaction, the chief executive officer now owns 176,240 shares in the company, valued at approximately $8,091,178.40. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction on Wednesday, March 6th. The stock was purchased at an average price of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dominion Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Criterion Capital Advisors LLC acquired a new stake in shares of Dominion Energy in the fourth quarter worth $29,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Dominion Energy during the fourth quarter worth approximately $30,000. Rise Advisors LLC acquired a new stake in Dominion Energy in the first quarter valued at approximately $30,000. Venturi Wealth Management LLC grew its holdings in Dominion Energy by 84.5% in the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 310 shares during the period. Finally, Briaud Financial Planning Inc purchased a new stake in shares of Dominion Energy in the third quarter valued at approximately $36,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

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.