Dominion Energy (NYSE:D) hit a new 52-week high and low on Thursday . The stock traded as low as $64.08 and last traded at $64.12, with a volume of 1818266 shares traded. The stock had previously closed at $64.88.
Several research firms have commented on D. Hilliard Lyons set a $76.00 price target on Dominion Energy and gave the stock a “buy” rating in a research report on Thursday, March 29th. Bank of America cut their price target on Dominion Energy from $80.00 to $79.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. UBS began coverage on Dominion Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $85.00 price target on the stock. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Wednesday, January 17th. Finally, Morgan Stanley lifted their price target on Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $77.58.
The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 1.60. The company has a market cap of $42,674.86, a price-to-earnings ratio of 17.80, a P/E/G ratio of 2.39 and a beta of 0.27.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. Dominion Energy had a return on equity of 12.67% and a net margin of 24.92%. The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. analysts forecast that Dominion Energy will post 4.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd were given a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 5.21%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Thursday, March 1st. Dominion Energy’s payout ratio is presently 92.78%.
In related news, Director Joseph M. Rigby acquired 2,679 shares of Dominion Energy stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $74.65 per share, for a total transaction of $199,987.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John W. Harris sold 2,665 shares of the company’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $80.60, for a total value of $214,799.00. Following the completion of the sale, the director now owns 13,282 shares in the company, valued at $1,070,529.20. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. We Are One Seven LLC acquired a new position in Dominion Energy in the fourth quarter valued at $111,000. American Research & Management Co. increased its stake in Dominion Energy by 159.7% in the fourth quarter. American Research & Management Co. now owns 1,423 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 875 shares during the last quarter. MHI Funds LLC acquired a new position in Dominion Energy in the fourth quarter valued at $119,000. Chicago Partners Investment Group LLC increased its stake in Dominion Energy by 160.8% in the third quarter. Chicago Partners Investment Group LLC now owns 1,565 shares of the utilities provider’s stock valued at $120,000 after purchasing an additional 965 shares during the last quarter. Finally, CWM LLC increased its stake in Dominion Energy by 104.0% in the fourth quarter. CWM LLC now owns 1,803 shares of the utilities provider’s stock valued at $146,000 after purchasing an additional 919 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.
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Dominion Energy Company Profile
Dominion Energy, Inc produces and transports energy in the United States. 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 through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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