Dominion Energy (NYSE:D) Stock Rating Reaffirmed by Wells Fargo & Co

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Dominion Energy (NYSE:D)‘s stock had its “hold” rating reissued by investment analysts at Wells Fargo & Co in a research report issued on Monday, September 17th. They presently have a $76.00 price objective on the utilities provider’s stock, up from their previous price objective of $73.00. Wells Fargo & Co’s price objective indicates a potential upside of 6.49% from the company’s current price.

D has been the subject of several other reports. ValuEngine cut Dominion Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 22nd. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Monday, July 23rd. Scotiabank began coverage on Dominion Energy in a research note on Tuesday, July 24th. They set a “hold” rating and a $167.00 target price for the company. Guggenheim reaffirmed a “buy” rating and set a $77.00 price objective on shares of Dominion Energy in a research report on Monday, July 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Dominion Energy from $67.00 to $70.00 and gave the stock a “hold” rating in a research report on Monday, July 23rd. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Dominion Energy presently has an average rating of “Hold” and an average price target of $84.42.

Shares of D stock traded down $0.41 on Monday, hitting $71.37. The stock had a trading volume of 3,108,806 shares, compared to its average volume of 4,103,249. The company has a current ratio of 0.52, a quick ratio of 0.36 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $45.95 billion, a PE ratio of 19.83, a P/E/G ratio of 2.82 and a beta of 0.23. Dominion Energy has a 1 year low of $61.53 and a 1 year high of $85.30.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, August 1st. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.07. Dominion Energy had a return on equity of 13.13% and a net margin of 23.69%. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Research analysts predict that Dominion Energy will post 4.13 EPS for the current fiscal year.

In other news, Director John W. Harris bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The stock was purchased at an average cost of $71.15 per share, with a total value of $711,500.00. Following the transaction, the director now directly owns 17,495 shares in the company, valued at $1,244,769.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.34% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Argent Trust Co raised its stake in shares of Dominion Energy by 27.1% during the 4th quarter. Argent Trust Co now owns 10,782 shares of the utilities provider’s stock worth $874,000 after buying an additional 2,297 shares in the last quarter. ING Groep NV purchased a new position in shares of Dominion Energy during the 1st quarter worth approximately $288,000. Neuberger Berman Group LLC raised its stake in shares of Dominion Energy by 75.3% during the 1st quarter. Neuberger Berman Group LLC now owns 259,270 shares of the utilities provider’s stock worth $17,483,000 after buying an additional 111,378 shares in the last quarter. Riverhead Capital Management LLC raised its stake in shares of Dominion Energy by 19.6% during the 1st quarter. Riverhead Capital Management LLC now owns 12,821 shares of the utilities provider’s stock worth $865,000 after buying an additional 2,100 shares in the last quarter. Finally, 6 Meridian purchased a new position in shares of Dominion Energy during the 1st quarter worth approximately $409,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

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Analyst Recommendations for Dominion Energy (NYSE:D)

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