Dominion Energy (NYSE:D) Stock Price Up 0.2%

Dominion Energy, Inc. (NYSE:D) rose 0.2% during mid-day trading on Monday . The stock traded as high as $50.14 and last traded at $49.95. Approximately 706,976 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 5,347,668 shares. The stock had previously closed at $49.84.

Analyst Upgrades and Downgrades

D has been the topic of several research reports. Mizuho cut their target price on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. BMO Capital Markets downgraded Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a research report on Monday, March 11th. Scotiabank lowered their target price on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday. Bank of America increased their target price on shares of Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday. Finally, Barclays decreased their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $49.10.

Dominion Energy Price Performance

The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. The stock’s fifty day moving average price is $47.84 and its 200-day moving average price is $46.25. The firm has a market cap of $42.44 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of 1.99 and a beta of 0.61.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the business posted $1.06 EPS. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. As a group, equities research analysts forecast that Dominion Energy, Inc. will post 2.86 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were issued a $0.6675 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.67 annualized dividend and a yield of 5.27%. Dominion Energy’s dividend payout ratio (DPR) is presently 114.59%.

Insider Activity at Dominion Energy

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

Institutional Investors Weigh In On Dominion Energy

Several institutional investors have recently modified their holdings of D. Wellington Management Group LLP increased its stake in Dominion Energy by 631.2% in the third quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock valued at $729,898,000 after purchasing an additional 14,105,237 shares during the period. Capital Research Global Investors increased its stake in Dominion Energy by 136.5% in the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock valued at $844,630,000 after purchasing an additional 10,370,768 shares during the period. Norges Bank acquired a new position in Dominion Energy in the fourth quarter valued at $329,792,000. ClearBridge Investments Ltd acquired a new position in Dominion Energy in the fourth quarter valued at $214,220,000. Finally, JPMorgan Chase & Co. increased its stake in Dominion Energy by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock valued at $1,045,051,000 after purchasing an additional 1,928,823 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

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.