Dominion Energy, Inc. (NYSE:D) Receives $84.08 Consensus Target Price from Brokerages

Shares of Dominion Energy, Inc. (NYSE:D) have earned an average recommendation of “Buy” from the fifteen analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $83.33.

Several brokerages recently weighed in on D. Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating and set a $80.00 target price for the company. in a research note on Wednesday, April 7th. TheStreet raised shares of Dominion Energy from a “c+” rating to a “b-” rating in a research note on Thursday, April 22nd. KeyCorp boosted their target price on shares of Dominion Energy from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, April 21st. Finally, Credit Suisse Group boosted their target price on shares of Dominion Energy from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, April 21st.

Several large investors have recently modified their holdings of D. First Bank & Trust lifted its holdings in shares of Dominion Energy by 0.7% during the first quarter. First Bank & Trust now owns 20,038 shares of the utilities provider’s stock valued at $1,522,000 after purchasing an additional 132 shares during the last quarter. EFG Asset Management Americas Corp. lifted its holdings in shares of Dominion Energy by 0.9% during the fourth quarter. EFG Asset Management Americas Corp. now owns 15,250 shares of the utilities provider’s stock valued at $1,147,000 after purchasing an additional 136 shares during the last quarter. Sound Financial Strategies Group LLC lifted its holdings in shares of Dominion Energy by 1.9% during the first quarter. Sound Financial Strategies Group LLC now owns 7,258 shares of the utilities provider’s stock valued at $551,000 after purchasing an additional 136 shares during the last quarter. JGP Wealth Management LLC lifted its holdings in shares of Dominion Energy by 1.1% during the first quarter. JGP Wealth Management LLC now owns 13,104 shares of the utilities provider’s stock valued at $995,000 after purchasing an additional 137 shares during the last quarter. Finally, Welch & Forbes LLC lifted its holdings in shares of Dominion Energy by 2.9% during the first quarter. Welch & Forbes LLC now owns 5,230 shares of the utilities provider’s stock valued at $397,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 66.04% of the company’s stock.

NYSE:D opened at $77.45 on Tuesday. The firm has a market cap of $62.47 billion, a P/E ratio of 73.76, a PEG ratio of 2.95 and a beta of 0.34. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.35. Dominion Energy has a 52-week low of $67.85 and a 52-week high of $86.95. The stock’s fifty day moving average price is $77.57.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Tuesday, May 4th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.01. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.68 billion. Dominion Energy had a return on equity of 12.39% and a net margin of 6.01%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 EPS. On average, equities analysts forecast that Dominion Energy will post 3.85 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 20th. Stockholders of record on Friday, June 4th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Thursday, June 3rd. Dominion Energy’s payout ratio is currently 71.19%.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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Analyst Recommendations for Dominion Energy (NYSE:D)

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