Dominion Energy (NYSE:D) PT Raised to $52.00

Dominion Energy (NYSE:D) had its target price increased by Mizuho from $45.00 to $52.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the utilities provider’s stock.

A number of other equities research analysts also recently weighed in on D. Wells Fargo & Company raised their price target on Dominion Energy from $49.00 to $51.00 and gave the stock an equal weight rating in a research note on Thursday, March 7th. BMO Capital Markets lowered Dominion Energy from an outperform rating to a market perform rating and set a $49.00 price objective on the stock. in a report on Monday, March 11th. Barclays lowered their price objective on Dominion Energy from $50.00 to $49.00 and set an overweight rating on the stock in a report on Monday, April 15th. Scotiabank lowered their price objective on Dominion Energy from $49.00 to $48.00 and set a sector perform rating on the stock in a report on Monday, April 22nd. Finally, Guggenheim lowered their price objective on Dominion Energy from $57.00 to $52.00 and set a buy rating on the stock in a report on Monday, March 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $50.45.

Dominion Energy Stock Up 0.5 %

Shares of Dominion Energy stock opened at $51.40 on Friday. Dominion Energy has a 1 year low of $39.18 and a 1 year high of $57.27. The stock has a 50-day moving average price of $48.67 and a 200 day moving average price of $46.76. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. The company has a market cap of $43.05 billion, a P/E ratio of 26.49, a P/E/G ratio of 3.43 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period last year, the business earned $0.99 EPS. The business’s quarterly revenue was down 6.5% on a year-over-year basis. As a group, analysts expect that Dominion Energy will post 2.75 EPS for the current fiscal year.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Joseph M. Rigby acquired 2,130 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were bought at an average price of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert M. Blue acquired 21,735 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the acquisition, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. Insiders own 0.12% of the company’s stock.

Institutional Trading of Dominion Energy

Institutional investors have recently modified their holdings of the company. Criterion Capital Advisors LLC acquired a new stake in shares of Dominion Energy during the 4th quarter worth approximately $29,000. Rise Advisors LLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth approximately $30,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Dominion Energy during the 4th quarter worth approximately $30,000. Venturi Wealth Management LLC lifted its position in shares of Dominion Energy by 84.5% during the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after buying an additional 310 shares during the period. Finally, Albion Financial Group UT lifted its position in shares of Dominion Energy by 300.0% during the 1st quarter. Albion Financial Group UT now owns 800 shares of the utilities provider’s stock worth $39,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

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.