Gabelli reaffirmed their hold rating on shares of Dominion Energy Inc. (NYSE:D) in a research note released 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.
A number of other brokerages also recently issued reports on D. Zacks Investment Research upgraded Dominion Energy from a sell rating to a hold rating in a research report on Friday, August 4th. National Bank Financial lowered Dominion Energy from an outperfrom under weight rating to a sector perform rating in a research note on Wednesday, October 4th. Deutsche Bank AG increased their target price on Dominion Energy from $76.00 to $77.00 and gave the stock a hold rating in a research note on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) restated a neutral rating and set a $78.00 price target on shares of Dominion Energy in a research note on Thursday, September 14th. Finally, Royal Bank Of Canada restated a hold rating and set a $77.00 price target on shares of Dominion Energy in a research note on Monday, August 21st. Fifteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $80.70.
Shares of Dominion Energy (NYSE D) opened at $81.85 on Wednesday. The company has a market cap of $52,003.64, a PE ratio of 22.02, a PEG ratio of 3.92 and a beta of 0.29. Dominion Energy has a 52-week low of $69.51 and a 52-week high of $82.13. 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 (NYSE:D) last released its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.02. The company 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 firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. sell-side analysts expect that Dominion Energy will post 3.61 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be given a $0.77 dividend. The ex-dividend date is Thursday, November 30th. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.76%. Dominion Energy’s payout ratio is 89.09%.
In related news, Director John W. Harris sold 5,616 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $80.71, for a total transaction of $453,267.36. Following the completion of the sale, the director now directly owns 18,920 shares in the company, valued at $1,527,033.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Castleton Investment Management LLC boosted its stake in Dominion Energy by 6.2% during the third quarter. Castleton Investment Management LLC now owns 144,993 shares of the utilities provider’s stock worth $11,154,000 after buying an additional 8,488 shares during the last quarter. Advantage Investment Management LLC lifted its stake in shares of Dominion Energy by 101.1% in the 3rd quarter. Advantage Investment Management LLC now owns 3,981 shares of the utilities provider’s stock valued at $306,000 after purchasing an additional 2,001 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Dominion Energy by 2.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 113,062 shares of the utilities provider’s stock valued at $8,698,000 after purchasing an additional 3,130 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Dominion Energy by 3.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 121,683 shares of the utilities provider’s stock valued at $9,361,000 after purchasing an additional 4,509 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its stake in shares of Dominion Energy by 13.3% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 13,159 shares of the utilities provider’s stock valued at $1,012,000 after purchasing an additional 1,540 shares during the last quarter. 64.27% of the stock is currently owned by institutional investors.
Dominion Energy Company Profile
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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