Barclays Cuts Dominion Energy (NYSE:D) Price Target to $74.00

Dominion Energy (NYSE:D) had its target price reduced by research analysts at Barclays from $93.00 to $74.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target indicates a potential upside of 2.89% from the company’s previous close.

Other analysts also recently issued reports about the company. Evercore ISI assumed coverage on Dominion Energy in a research report on Friday, February 14th. They set a “hold” rating and a $88.00 price objective for the company. Royal Bank of Canada restated a “hold” rating and set a $79.00 price objective on shares of Dominion Energy in a research report on Wednesday, February 19th. Citigroup upped their price objective on Dominion Energy from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. BMO Capital Markets assumed coverage on Dominion Energy in a research report on Wednesday, February 19th. They set a “market perform” rating and a $91.00 price objective for the company. Finally, Argus upped their price objective on Dominion Energy from $83.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $85.54.

Shares of D stock traded up $4.58 on Thursday, hitting $71.92. 152,268 shares of the company’s stock were exchanged, compared to its average volume of 6,199,238. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.61 and a quick ratio of 0.44. Dominion Energy has a 12 month low of $57.79 and a 12 month high of $90.89. The stock has a market cap of $55.03 billion, a P/E ratio of 42.86, a price-to-earnings-growth ratio of 3.20 and a beta of 0.34. The company has a 50 day moving average of $81.93 and a 200 day moving average of $81.80.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.02. Dominion Energy had a return on equity of 12.05% and a net margin of 8.74%. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same period in the prior year, the company earned $0.89 EPS. Dominion Energy’s revenue for the quarter was up 33.1% on a year-over-year basis. Sell-side analysts predict that Dominion Energy will post 4.35 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of D. Prestige Wealth Management Group LLC increased its stake in shares of Dominion Energy by 313.3% in the third quarter. Prestige Wealth Management Group LLC now owns 310 shares of the utilities provider’s stock valued at $25,000 after buying an additional 235 shares during the period. Peddock Capital Advisors LLC acquired a new stake in shares of Dominion Energy in the fourth quarter valued at about $25,000. Braun Bostich & Associates Inc. acquired a new stake in shares of Dominion Energy in the fourth quarter valued at about $25,000. Manchester Financial Inc. acquired a new stake in shares of Dominion Energy in the fourth quarter valued at about $29,000. Finally, HBC Financial Services PLLC acquired a new stake in shares of Dominion Energy in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 66.92% of the company’s stock.

Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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Analyst Recommendations for Dominion Energy (NYSE:D)

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