Brokerages Set Dominion Energy, Inc. (NYSE:D) Target Price at $51.73

Dominion Energy, Inc. (NYSE:D) has been assigned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $51.73.

Several research analysts have weighed in on the company. BMO Capital Markets lifted their target price on Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a report on Monday, May 6th. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Scotiabank reduced their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Barclays reduced their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Finally, Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $43.00 to $54.00 in a report on Friday, May 10th.

Insiders Place Their Bets

In related news, Director Joseph M. Rigby purchased 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The stock was bought at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the acquisition, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Joseph M. Rigby acquired 2,130 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the acquisition, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert M. Blue acquired 21,735 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average price of $45.91 per share, with a total value of $997,853.85. Following the completion of the acquisition, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Dominion Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Advisors LLC lifted its position in Dominion Energy by 78.6% in the 1st quarter. Cetera Advisors LLC now owns 76,824 shares of the utilities provider’s stock valued at $3,779,000 after acquiring an additional 33,819 shares in the last quarter. Cetera Investment Advisers lifted its position in Dominion Energy by 177.9% in the 1st quarter. Cetera Investment Advisers now owns 224,653 shares of the utilities provider’s stock valued at $11,051,000 after acquiring an additional 143,821 shares in the last quarter. Atria Investments Inc lifted its position in Dominion Energy by 17.1% in the 1st quarter. Atria Investments Inc now owns 110,717 shares of the utilities provider’s stock valued at $5,446,000 after acquiring an additional 16,160 shares in the last quarter. LRI Investments LLC bought a new position in Dominion Energy in the 1st quarter valued at about $30,000. Finally, Arrow Financial Corp lifted its position in Dominion Energy by 5.9% in the 1st quarter. Arrow Financial Corp now owns 24,196 shares of the utilities provider’s stock valued at $1,190,000 after acquiring an additional 1,341 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.5 %

NYSE D opened at $52.79 on Friday. Dominion Energy has a 52 week low of $39.18 and a 52 week high of $54.74. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. The stock has a market capitalization of $44.22 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 1.43 and a beta of 0.59. The stock has a fifty day moving average of $50.36 and a 200-day moving average of $47.92.

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

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend is Friday, May 31st. Dominion Energy’s payout ratio is presently 137.63%.

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.