Dominion Energy, Inc. (NYSE:D – Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $60.86 and last traded at $60.85, with a volume of 1364180 shares changing hands. The stock had previously closed at $60.00.
Analyst Upgrades and Downgrades
D has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Scotiabank upped their price target on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. BMO Capital Markets upped their price target on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Barclays boosted their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group started coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $55.40.
Dominion Energy Stock Up 1.6 %
The company has a market cap of $51.03 billion, a PE ratio of 31.41, a P/E/G ratio of 1.60 and a beta of 0.60. The business has a 50-day simple moving average of $57.41 and a 200-day simple moving average of $53.57. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.
Dominion Energy (NYSE:D – Get Free Report) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. Equities research analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.
Dominion Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a $0.6675 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.38%. Dominion Energy’s payout ratio is presently 137.63%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Dominion Energy by 16.0% in the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after buying an additional 12,178,713 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Dominion Energy by 1.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider’s stock worth $1,452,145,000 after purchasing an additional 477,181 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Dominion Energy by 12.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock worth $1,204,904,000 after purchasing an additional 2,801,687 shares in the last quarter. Capital Research Global Investors increased its position in shares of Dominion Energy by 20.1% during the first quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock worth $1,061,740,000 after purchasing an additional 3,613,614 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Dominion Energy by 6.7% during the second quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider’s stock worth $734,007,000 after purchasing an additional 940,402 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.
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.