Dominion Energy (NYSE:D) Price Target Lowered to $49.00 at Barclays

Dominion Energy (NYSE:D) had its target price decreased by Barclays from $50.00 to $49.00 in a research note published on Monday morning, Benzinga reports. Barclays currently has an overweight rating on the utilities provider’s stock.

Other equities analysts also recently issued reports about the company. Scotiabank dropped their target price on Dominion Energy from $50.00 to $49.00 and set a sector perform rating for the company in a research report on Monday, March 4th. BMO Capital Markets downgraded Dominion Energy from an outperform rating to a market perform rating and set a $49.00 target price for the company. in a research report on Monday, March 11th. Mizuho dropped their target price on Dominion Energy from $47.00 to $45.00 and set a neutral rating for the company in a research report on Wednesday, March 6th. StockNews.com downgraded Dominion Energy from a hold rating to a sell rating in a research report on Friday, February 23rd. Finally, Guggenheim dropped 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $50.10.

Dominion Energy Stock Up 3.1 %

Shares of NYSE:D opened at $48.33 on Monday. The business has a 50-day moving average price of $47.41 and a 200 day moving average price of $45.99. 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 capitalization of $40.48 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.88 and a beta of 0.61. Dominion Energy has a 12-month low of $39.18 and a 12-month high of $58.64.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.06 earnings per share. Sell-side analysts expect that Dominion Energy will post 2.86 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s dividend payout ratio is presently 114.59%.

Insider Buying and Selling

In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the firm’s stock in a transaction that occurred 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 completion of the purchase, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the firm’s stock in a transaction that occurred 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 completion of the purchase, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The acquisition 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 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 purchase, the chief executive officer now owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The disclosure for this purchase can be found here. 0.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dominion Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacific Center for Financial Services purchased a new stake in Dominion Energy in the first quarter valued at approximately $28,000. Criterion Capital Advisors LLC purchased a new stake in Dominion Energy in the fourth quarter valued at approximately $29,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Dominion Energy in the fourth quarter valued at approximately $30,000. Rise Advisors LLC purchased a new stake in Dominion Energy in the first quarter valued at approximately $30,000. Finally, FSC Wealth Advisors LLC lifted its stake in Dominion Energy by 149.6% in the third quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock valued at $31,000 after buying an additional 410 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.