Dominion Energy Inc. (NYSE:D) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Dominion Energy Inc. (NYSE:D) have been assigned an average rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $64.3333.

D has been the subject of several research analyst reports. TD Cowen started coverage on Dominion Energy in a research note on Friday, January 9th. They set a “hold” rating and a $65.00 target price for the company. Morgan Stanley boosted their price target on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. BMO Capital Markets reduced their price objective on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $70.00 price objective on shares of Dominion Energy in a report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research note on Monday, December 29th.

Hedge Funds Weigh In On Dominion Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its holdings in Dominion Energy by 6.9% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 186,885 shares of the utilities provider’s stock valued at $10,563,000 after acquiring an additional 12,041 shares during the period. Kera Capital Partners Inc. purchased a new stake in Dominion Energy during the third quarter worth about $3,574,000. Vanguard Group Inc. lifted its position in shares of Dominion Energy by 16.2% during the second quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock worth $5,979,551,000 after purchasing an additional 14,715,895 shares in the last quarter. Bryn Mawr Trust Advisors LLC lifted its position in shares of Dominion Energy by 19.0% during the second quarter. Bryn Mawr Trust Advisors LLC now owns 104,710 shares of the utilities provider’s stock worth $5,918,000 after purchasing an additional 16,731 shares in the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of Dominion Energy in the second quarter valued at approximately $240,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

NYSE D opened at $62.33 on Monday. The stock has a market capitalization of $53.23 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.69 and a beta of 0.71. The stock has a 50-day moving average of $59.61 and a 200 day moving average of $60.17. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41. Dominion Energy has a twelve month low of $48.07 and a twelve month high of $63.43.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 27th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, February 27th. Dominion Energy’s payout ratio is presently 90.82%.

Dominion Energy Company Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.