Dominion Energy (NYSE:D) Stock Rating Upgraded by Argus

Argus upgraded shares of Dominion Energy (NYSE:D) to a hold rating in a research note published on Tuesday,Zacks.com reports.

A number of other analysts have also weighed in on the stock. Morgan Stanley raised their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Scotiabank raised their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. UBS Group upped their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. lifted their price target on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $57.58.

Dominion Energy Stock Up 1.9 %

NYSE D opened at $53.84 on Tuesday. Dominion Energy has a fifty-two week low of $46.62 and a fifty-two week high of $61.97. The business has a fifty day moving average price of $55.19 and a two-hundred day moving average price of $56.22. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The stock has a market capitalization of $45.87 billion, a PE ratio of 19.94, a PEG ratio of 1.22 and a beta of 0.59.

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

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio is presently 98.89%.

Institutional Trading of Dominion Energy

A number of institutional investors have recently bought and sold shares of the company. Howard Capital Management Group LLC acquired a new position in shares of Dominion Energy during the 3rd quarter valued at $210,000. Great Valley Advisor Group Inc. acquired a new position in shares of Dominion Energy during the third quarter valued at about $266,000. Larson Financial Group LLC boosted its position in shares of Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Dominion Energy by 9.5% in the 3rd quarter. Bank of Montreal Can now owns 907,946 shares of the utilities provider’s stock valued at $51,898,000 after buying an additional 78,424 shares during the period. Finally, D.A. Davidson & CO. increased its position in Dominion Energy by 1.6% in the 3rd quarter. D.A. Davidson & CO. now owns 55,626 shares of the utilities provider’s stock valued at $3,215,000 after buying an additional 898 shares in the last quarter. 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.