Gabelli reiterated their hold rating on shares of Dominion Energy Inc. (NYSE:D) in a research note issued to investors on Wednesday, November 1st. Gabelli also issued estimates for Dominion Energy’s FY2019 earnings at $4.25 EPS, FY2020 earnings at $4.55 EPS and FY2021 earnings at $4.90 EPS.
Other equities research analysts also recently issued research reports about the stock. J P Morgan Chase & Co boosted their price objective on shares of Dominion Energy from $78.00 to $82.00 and gave the company a neutral rating in a research report on Thursday, October 12th. Zacks Investment Research raised shares of Dominion Energy from a hold rating to a buy rating and set a $86.00 price objective for the company in a research report on Tuesday, October 3rd. KeyCorp reissued a hold rating on shares of Dominion Energy in a research report on Friday, October 20th. Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a $78.00 price objective on shares of Dominion Energy in a research report on Thursday, September 14th. Finally, Bank of America Corporation initiated coverage on shares of Dominion Energy in a research report on Tuesday, October 24th. They set a neutral rating and a $80.00 price objective for the company. Fifteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $80.70.
Shares of Dominion Energy (D) traded down $0.17 on Wednesday, reaching $81.15. 1,486,425 shares of the company’s stock were exchanged, compared to its average volume of 2,332,364. The stock has a market cap of $52,330.00, a price-to-earnings ratio of 22.16, a PEG ratio of 4.05 and a beta of 0.29. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47. Dominion Energy has a 1-year low of $70.87 and a 1-year high of $83.64.
Dominion Energy (NYSE:D) last announced its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.31 billion. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 EPS. research analysts expect that Dominion Energy will post 3.6 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be paid a $0.77 dividend. The ex-dividend date is Thursday, November 30th. This represents a $3.08 annualized dividend and a yield of 3.80%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s payout ratio is presently 89.09%.
In other Dominion Energy news, Director John W. Harris sold 5,616 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $80.71, for a total value of $453,267.36. Following the sale, the director now owns 18,920 shares in the company, valued at approximately $1,527,033.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.37% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in D. BlackRock Inc. lifted its stake in Dominion Energy by 3,615.9% in the 1st quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock worth $3,530,873,000 after purchasing an additional 44,293,566 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Dominion Energy by 1,955.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,672,437 shares of the utilities provider’s stock valued at $128,159,000 after buying an additional 1,591,057 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Dominion Energy by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock valued at $3,382,237,000 after buying an additional 1,435,767 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Dominion Energy by 24.7% during the 2nd quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock valued at $468,223,000 after buying an additional 1,209,768 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its position in shares of Dominion Energy by 31.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 4,211,120 shares of the utilities provider’s stock valued at $322,696,000 after buying an additional 1,014,670 shares in the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.
About Dominion Energy
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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