Dominion Energy (NYSE:D) Shares Down 0.8%

Dominion Energy, Inc. (NYSE:D)’s stock price fell 0.8% on Friday . The company traded as low as $50.68 and last traded at $50.76. 673,138 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 5,246,507 shares. The stock had previously closed at $51.16.

Analysts Set New Price Targets

Several research firms recently issued reports on D. Scotiabank decreased their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Bank of America lifted their price objective on Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 23rd. Guggenheim lowered their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Mizuho lifted their price target on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Wells Fargo & Company increased their price objective on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $50.45.

Dominion Energy Stock Performance

The firm has a fifty day moving average of $48.60 and a 200-day moving average of $46.62. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. The firm has a market cap of $43.05 billion, a P/E ratio of 22.06, a PEG ratio of 3.42 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the prior year, the business posted $0.99 EPS. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. Research analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Dominion Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Criterion Capital Advisors LLC acquired a new stake in Dominion Energy in the 4th quarter valued at about $29,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Dominion Energy during the 4th quarter worth approximately $30,000. Rise Advisors LLC acquired a new position in shares of Dominion Energy during the 1st quarter worth approximately $30,000. Venturi Wealth Management LLC raised its stake in Dominion Energy by 84.5% in the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 310 shares during the period. Finally, Briaud Financial Planning Inc bought a new position in Dominion Energy during the third quarter worth $36,000. 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.