Dominion Energy (NYSE:D) PT Raised to $57.00 at BMO Capital Markets

Dominion Energy (NYSE:D) had its price objective upped by BMO Capital Markets from $53.00 to $57.00 in a research note published on Monday morning, Benzinga reports. They currently have a market perform rating on the utilities provider’s stock.

Several other brokerages have also recently issued reports on D. Mizuho raised their target price on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a neutral rating in a report on Friday, May 3rd. Barclays cut their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an overweight rating for the company in a report on Monday, April 15th. Evercore ISI lifted their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the company an in-line rating in a report on Friday, May 3rd. Scotiabank cut their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a sector perform rating for the company in a report on Monday, April 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of Dominion Energy from $51.00 to $55.00 and gave the company an equal weight rating in a report on Friday, May 3rd. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy has an average rating of Hold and a consensus target price of $52.18.

Dominion Energy Trading Up 1.7 %

NYSE:D opened at $55.09 on Monday. Dominion Energy has a 12 month low of $39.18 and a 12 month high of $57.60. The firm has a fifty day simple moving average of $51.35 and a 200-day simple moving average of $49.56. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $46.14 billion, a P/E ratio of 28.40, a PEG ratio of 1.50 and a beta of 0.58.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.68%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts anticipate that Dominion Energy will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.85%. Dominion Energy’s payout ratio is presently 137.63%.

Hedge Funds Weigh In On Dominion Energy

A number of institutional investors and hedge funds have recently bought and sold shares of D. Vanguard Group Inc. boosted its position in Dominion Energy by 16.0% during the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock worth $4,346,193,000 after acquiring an additional 12,178,713 shares during the last quarter. Capital Research Global Investors boosted its position in Dominion Energy by 136.5% during the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock worth $844,630,000 after acquiring an additional 10,370,768 shares during the last quarter. Norges Bank acquired a new position in Dominion Energy during the fourth quarter worth about $329,792,000. ClearBridge Investments Ltd acquired a new position in Dominion Energy during the fourth quarter worth about $214,220,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Dominion Energy by 12.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock worth $1,204,904,000 after acquiring an additional 2,801,687 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

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.