Dominion Energy (NYSE:D) Upgraded to Hold at Argus

Argus upgraded shares of Dominion Energy (NYSE:D) to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

D has been the topic of several other reports. Scotiabank boosted their price target 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. JPMorgan Chase & Co. increased their price target on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. UBS Group upped their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Finally, Morgan Stanley increased their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Thirteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $57.58.

Dominion Energy Stock Up 1.9 %

D stock opened at $53.84 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The stock has a market capitalization of $45.87 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.22 and a beta of 0.59. Dominion Energy has a fifty-two week low of $46.62 and a fifty-two week high of $61.97. The business has a 50-day moving average of $55.19 and a 200-day moving average of $56.22.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, sell-side analysts anticipate that Dominion Energy will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.96%. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Institutional Trading of Dominion Energy

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Dominion Energy during the fourth quarter worth approximately $473,354,000. Hotchkis & Wiley Capital Management LLC grew its position in Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after buying an additional 3,278,175 shares in the last quarter. American Century Companies Inc. increased its stake in Dominion Energy by 207.7% during the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock worth $202,724,000 after acquiring an additional 2,540,713 shares during the period. Point72 Asset Management L.P. raised its holdings in Dominion Energy by 10,324.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock valued at $130,074,000 after acquiring an additional 2,229,220 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Dominion Energy by 8,585.3% during the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider’s stock valued at $119,048,000 after acquiring an additional 2,184,873 shares during the period. 73.04% of the stock is currently owned by institutional investors.

About Dominion Energy

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.