Goldman Sachs Group, Inc. (The) reiterated their neutral rating on shares of Dominion Energy Inc. (NYSE:D) in a research note released on Thursday morning. They currently have a $78.00 price target on the utilities provider’s stock.
Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada set a $77.00 price target on Dominion Energy and gave the company a hold rating in a report on Saturday, June 3rd. Zacks Investment Research cut Dominion Energy from a hold rating to a sell rating in a report on Monday, June 12th. KeyCorp reiterated a hold rating on shares of Dominion Energy in a report on Friday, September 1st. BidaskClub cut Dominion Energy from a buy rating to a hold rating in a report on Saturday, June 24th. Finally, Deutsche Bank AG raised their price target on Dominion Energy from $76.00 to $77.00 and gave the company a hold rating in a report on Thursday, August 3rd. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Dominion Energy presently has a consensus rating of Hold and an average price target of $80.25.
Dominion Energy (NYSE D) opened at 79.50 on Thursday. The stock’s 50 day moving average is $78.48 and its 200 day moving average is $78.03. The firm has a market cap of $51.09 billion, a P/E ratio of 23.01 and a beta of 0.29. Dominion Energy has a one year low of $69.51 and a one year high of $81.65.
Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts expect that Dominion Energy will post $3.64 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is currently 87.28%.
A number of institutional investors and hedge funds have recently modified their holdings of D. Waldron LP bought a new position in Dominion Energy during the first quarter worth about $236,000. Enterprise Financial Services Corp boosted its holdings in Dominion Energy by 62.6% during the first quarter. Enterprise Financial Services Corp now owns 1,376 shares of the utilities provider’s stock worth $107,000 after buying an additional 530 shares during the last quarter. Wetherby Asset Management Inc. boosted its holdings in Dominion Energy by 1.5% during the first quarter. Wetherby Asset Management Inc. now owns 8,457 shares of the utilities provider’s stock worth $656,000 after buying an additional 122 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in Dominion Energy by 8.8% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 51,672 shares of the utilities provider’s stock worth $4,008,000 after buying an additional 4,187 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Dominion Energy by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 65,722 shares of the utilities provider’s stock worth $5,098,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 64.44% 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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