Dominion Energy (NYSE:D) PT Raised to $52.00 at BMO Capital Markets

Dominion Energy (NYSE:D) had its price objective upped by BMO Capital Markets from $51.00 to $52.00 in a research note released on Monday, Benzinga reports. The firm currently has a market perform rating on the utilities provider’s stock.

Several other research firms have also recently commented on D. Mizuho lifted their target price on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a neutral rating in a research report on Friday. Wells Fargo & Company upped their price objective on Dominion Energy from $51.00 to $55.00 and gave the company an equal weight rating in a research note on Friday. StockNews.com lowered Dominion Energy from a hold rating to a sell rating in a research note on Friday, February 23rd. Guggenheim reduced their target price on shares of Dominion Energy from $57.00 to $52.00 and set a buy rating for the company in a research note on Monday, March 4th. Finally, Evercore ISI lifted their price target on Dominion Energy from $47.00 to $53.00 and gave the company an in-line rating in a research report on Friday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy presently has an average rating of Hold and an average price target of $50.73.

Dominion Energy Trading Down 0.4 %

Shares of NYSE:D opened at $51.21 on Monday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. Dominion Energy has a 1 year low of $39.18 and a 1 year high of $57.27. The company has a market capitalization of $42.89 billion, a P/E ratio of 26.50, a P/E/G ratio of 3.43 and a beta of 0.59. The business’s 50 day simple moving average is $48.76 and its 200 day simple moving average is $46.83.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations 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 previous year, the firm posted $0.99 earnings per share. On average, research analysts anticipate that Dominion Energy will post 2.75 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in D. Criterion Capital Advisors LLC purchased a new position in shares of Dominion Energy during the 4th quarter worth $29,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Dominion Energy in the 4th quarter valued at $30,000. Rise Advisors LLC purchased a new position in shares of Dominion Energy in the first quarter valued at approximately $30,000. Venturi Wealth Management LLC grew its stake in shares of Dominion Energy by 84.5% in the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 310 shares in the last quarter. Finally, Briaud Financial Planning Inc purchased a new stake in Dominion Energy during the 3rd quarter worth about $36,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

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.