Dominion Energy, Inc. (NYSE:D) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Dominion Energy, Inc. (NYSE:D) have earned a consensus rating of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $57.36.

D has been the subject of several research reports. Scotiabank raised their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Finally, Morgan Stanley upped their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday.

Dominion Energy Trading Up 0.0 %

NYSE:D opened at $54.91 on Friday. Dominion Energy has a 52 week low of $46.56 and a 52 week high of $61.97. The firm has a 50-day moving average price of $55.17 and a two-hundred day moving average price of $56.31. The firm has a market cap of $46.79 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, equities analysts expect that Dominion Energy will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.86%. Dominion Energy’s dividend payout ratio is currently 98.89%.

Hedge Funds Weigh In On Dominion Energy

Several hedge funds have recently bought and sold shares of D. Simon Quick Advisors LLC raised its position in Dominion Energy by 4.5% in the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $229,000 after acquiring an additional 184 shares during the period. Cadence Bank increased its stake in shares of Dominion Energy by 2.0% in the 4th quarter. Cadence Bank now owns 9,561 shares of the utilities provider’s stock worth $515,000 after purchasing an additional 189 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its holdings in Dominion Energy by 2.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after purchasing an additional 195 shares during the period. Choate Investment Advisors lifted its position in Dominion Energy by 5.4% during the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock valued at $209,000 after purchasing an additional 198 shares in the last quarter. Finally, Passumpsic Savings Bank grew its holdings in Dominion Energy by 2.7% during the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 199 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Company Profile

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.