Dominion Energy (NYSE:D) PT Raised to $55.00

Dominion Energy (NYSE:D) had its target price boosted by Wells Fargo & Company from $51.00 to $55.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 7.00% from the stock’s previous close.

Several other brokerages also recently commented on D. Evercore ISI upped their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a report on Friday. 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 report on Monday, March 11th. Guggenheim decreased their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Scotiabank cut their price target on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Finally, Barclays dropped their target price 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 research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $50.45.

Dominion Energy Price Performance

D traded up $0.24 during trading on Friday, hitting $51.40. 3,741,756 shares of the company traded hands, compared to its average volume of 4,113,876. 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 company has a market cap of $43.05 billion, a PE ratio of 26.49, a P/E/G ratio of 3.43 and a beta of 0.59. The stock’s 50-day simple moving average is $48.67 and its two-hundred day simple moving average is $46.68. Dominion Energy has a 1 year low of $39.18 and a 1 year high of $57.27.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a return on equity of 7.46% and a net margin of 11.57%. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the prior year, the company earned $0.99 EPS. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dominion Energy will post 2.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of Dominion Energy

Several hedge funds and other institutional investors have recently bought and sold shares of D. Criterion Capital Advisors LLC acquired a new position in shares of Dominion Energy during the 4th quarter valued at about $29,000. Rise Advisors LLC purchased a new position in Dominion Energy during the first quarter worth approximately $30,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at $30,000. Venturi Wealth Management LLC grew its stake in shares of Dominion Energy by 84.5% during the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after buying an additional 310 shares during the period. Finally, Albion Financial Group UT increased its holdings in shares of Dominion Energy by 300.0% during the 1st quarter. Albion Financial Group UT now owns 800 shares of the utilities provider’s stock worth $39,000 after buying an additional 600 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

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.