Dominion Energy (NYSE:D) Given New $52.00 Price Target at BMO Capital Markets

Dominion Energy (NYSE:D) had its price target boosted by BMO Capital Markets from $51.00 to $52.00 in a research note published on Monday, Benzinga reports. The firm currently has a market perform rating on the utilities provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Barclays lowered 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. Guggenheim dropped their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a buy rating for the company in a research note on Monday, March 4th. Mizuho increased their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the company a neutral rating in a report on Friday, May 3rd. StockNews.com cut Dominion Energy from a hold rating to a sell rating in a report on Friday, February 23rd. Finally, Wells Fargo & Company increased their price target on Dominion Energy from $51.00 to $55.00 and gave the company an equal weight rating in a report on Friday, May 3rd. Two investment 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. According to MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $50.73.

Dominion Energy Stock Up 1.3 %

Shares of NYSE D opened at $52.84 on Monday. Dominion Energy has a 52-week low of $39.18 and a 52-week high of $57.02. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. The company’s 50-day simple moving average is $48.93 and its 200-day simple moving average is $46.95. The firm has a market cap of $44.26 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. Dominion Energy’s revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. Equities analysts predict that Dominion Energy will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date is Friday, May 31st. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in D. Diamond Hill Capital Management Inc. boosted its stake in Dominion Energy by 5.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 3,988,722 shares of the utilities provider’s stock valued at $178,176,000 after acquiring an additional 199,629 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Dominion Energy by 196.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock worth $18,451,000 after buying an additional 259,978 shares during the period. Morgan Stanley boosted its holdings in shares of Dominion Energy by 12.8% in the third quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock valued at $316,395,000 after acquiring an additional 803,341 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Dominion Energy by 1,797.9% in the 4th quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock valued at $7,798,000 after acquiring an additional 157,175 shares during the period. Finally, Diversified Trust Co raised its position in Dominion Energy by 97.3% in the 4th quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock valued at $674,000 after purchasing an additional 7,071 shares during the last quarter. Hedge funds and other 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.