Credit Suisse Group set a $77.00 target price on Dominion Energy (NYSE:D) in a research report report published on Monday morning, TipRanks reports. The firm currently has a hold rating on the utilities provider’s stock.
Several other research firms have also recently issued reports on D. Zacks Investment Research cut Dominion Energy from a hold rating to a sell rating in a report on Friday, March 8th. Mizuho initiated coverage on Dominion Energy in a report on Monday, March 11th. They issued a neutral rating and a $76.00 price objective on the stock. ValuEngine cut Dominion Energy from a buy rating to a hold rating in a report on Wednesday, January 2nd. Wolfe Research set a $79.00 price objective on Dominion Energy and gave the stock a hold rating in a report on Monday, March 18th. Finally, Macquarie set a $78.00 target price on shares of Dominion Energy and gave the stock a buy rating in a research note on Monday, January 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $85.00.
NYSE:D opened at $74.70 on Monday. Dominion Energy has a 52 week low of $61.53 and a 52 week high of $77.50. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.49 and a current ratio of 0.67. The stock has a market cap of $59.95 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 3.20 and a beta of 0.22.
Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, February 1st. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). Dominion Energy had a return on equity of 12.85% and a net margin of 18.31%. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, analysts expect that Dominion Energy will post 4.19 EPS for the current fiscal year.
In other news, Director D Maybank Hagood purchased 1,965 shares of Dominion Energy stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average price of $76.34 per share, with a total value of $150,008.10. Following the transaction, the director now owns 2,975 shares in the company, valued at $227,111.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert H. Spilman, Jr. sold 1,215 shares of Dominion Energy stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $76.01, for a total transaction of $92,352.15. Following the sale, the director now directly owns 23,598 shares in the company, valued at approximately $1,793,683.98. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its position in Dominion Energy by 6,957.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,026,854 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 4,955,630 shares during the period. Norges Bank purchased a new stake in Dominion Energy in the fourth quarter valued at approximately $305,535,000. Barrow Hanley Mewhinney & Strauss LLC raised its position in Dominion Energy by 34.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,968,811 shares of the utilities provider’s stock valued at $1,069,671,000 after purchasing an additional 3,801,740 shares during the period. Geode Capital Management LLC raised its position in Dominion Energy by 23.1% in the fourth quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock valued at $646,097,000 after purchasing an additional 1,697,619 shares during the period. Finally, Millennium Management LLC raised its position in Dominion Energy by 93.4% in the fourth quarter. Millennium Management LLC now owns 3,418,868 shares of the utilities provider’s stock valued at $244,312,000 after purchasing an additional 1,651,497 shares during the period. 58.90% of the stock is currently owned by hedge funds and other institutional investors.
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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