Dominion Energy, Inc. (NYSE:D) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Dominion Energy, Inc. (NYSE:D) have been given an average rating of “Hold” by the twelve research firms that are currently covering the company, MarketBeat.com reports. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $56.58.

A number of equities analysts have issued reports on D shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank upped their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley assumed coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock.

Dominion Energy Trading Up 1.9 %

NYSE:D opened at $57.38 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy has a one year low of $44.17 and a one year high of $61.97. The company has a market cap of $48.20 billion, a PE ratio of 21.25, a PEG ratio of 1.22 and a beta of 0.61. The firm has a 50-day moving average of $54.58 and a 200-day moving average of $56.37.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, equities research analysts expect that Dominion Energy will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

Hedge Funds Weigh In On Dominion Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Planning lifted its stake in shares of Dominion Energy by 2.1% during the 3rd quarter. Creative Planning now owns 240,979 shares of the utilities provider’s stock valued at $13,926,000 after buying an additional 4,922 shares in the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of Dominion Energy during the third quarter worth $389,000. Howard Capital Management Group LLC bought a new position in shares of Dominion Energy in the third quarter worth $210,000. Aaron Wealth Advisors LLC purchased a new position in shares of Dominion Energy in the third quarter valued at $233,000. Finally, Stratos Wealth Advisors LLC raised its stake in shares of Dominion Energy by 1.8% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 11,431 shares of the utilities provider’s stock valued at $661,000 after purchasing an additional 204 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.