Dominion Energy (NYSE:D) PT Raised to $55.00 at Wells Fargo & Company

Dominion Energy (NYSE:D) had its price target hoisted by analysts at Wells Fargo & Company from $51.00 to $55.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 7.00% from the company’s current price.

D has been the subject of a number of other research reports. StockNews.com lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. 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. Scotiabank dropped their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Barclays reduced their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Finally, Guggenheim lowered their price target on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $50.45.

Dominion Energy Trading Up 0.5 %

NYSE:D traded up $0.24 during trading hours on Friday, hitting $51.40. 3,741,756 shares of the stock were exchanged, compared to its average volume of 4,113,876. The company’s 50 day moving average is $48.67 and its two-hundred day moving average is $46.68. The company has a market capitalization of $43.05 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59. Dominion Energy has a twelve month low of $39.18 and a twelve month high of $57.27. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a return on equity of 7.46% and a net margin of 11.57%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 EPS. On average, 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 purchased 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average cost of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert M. Blue bought 21,735 shares of the business’s stock in a transaction on Monday, March 4th. The stock was bought at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the transaction, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Arlington Capital Management Inc. boosted its stake in Dominion Energy by 1.2% during the first quarter. Arlington Capital Management Inc. now owns 16,476 shares of the utilities provider’s stock valued at $810,000 after buying an additional 197 shares during the last quarter. Ridgewood Investments LLC boosted its position in shares of Dominion Energy by 0.9% during the 1st quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock valued at $1,207,000 after acquiring an additional 210 shares during the last quarter. Lantz Financial LLC grew its holdings in shares of Dominion Energy by 4.0% in the first quarter. Lantz Financial LLC now owns 5,823 shares of the utilities provider’s stock valued at $286,000 after purchasing an additional 222 shares in the last quarter. Providence Capital Advisors LLC grew its holdings in shares of Dominion Energy by 0.6% in the third quarter. Providence Capital Advisors LLC now owns 36,772 shares of the utilities provider’s stock valued at $1,643,000 after purchasing an additional 228 shares in the last quarter. Finally, Seneca House Advisors increased its position in Dominion Energy by 2.0% in the first quarter. Seneca House Advisors now owns 11,355 shares of the utilities provider’s stock worth $559,000 after purchasing an additional 228 shares during the last quarter. 73.04% of the stock is owned by 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.