Citigroup Inc. Trims Dominion Energy Inc. (D) Target Price to $76.00
Dominion Energy Inc. (NYSE:D) had its price objective decreased by Citigroup Inc. from $78.00 to $76.00 in a research report report published on Wednesday. Citigroup Inc. currently has a neutral rating on the utilities provider’s stock.
A number of other equities research analysts have also commented on the company. Zacks Investment Research lowered Dominion Energy from a hold rating to a sell rating in a research report on Monday, April 10th. BidaskClub lowered Dominion Energy from a buy rating to a hold rating in a research report on Saturday, June 24th. Barclays PLC reissued an overweight rating and issued a $89.00 price target (up from $80.00) on shares of Dominion Energy in a research report on Sunday, April 23rd. Deutsche Bank AG increased their price target on Dominion Energy from $74.00 to $76.00 and gave the company a hold rating in a research report on Tuesday, April 11th. Finally, Morgan Stanley lowered their price target on Dominion Energy from $81.00 to $79.00 and set an equal weight rating for the company in a research report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $80.43.
Dominion Energy (NYSE D) traded down 0.17% during trading on Wednesday, hitting $76.99. 1,232,829 shares of the company traded hands. The firm has a market capitalization of $48.43 billion, a P/E ratio of 21.55 and a beta of 0.28. Dominion Energy has a 12-month low of $69.51 and a 12-month high of $81.65. The stock has a 50-day moving average price of $77.64 and a 200-day moving average price of $77.09.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, May 4th. The utilities provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.49 billion. Dominion Energy had a return on equity of 14.53% and a net margin of 18.29%. Dominion Energy’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 EPS. Equities analysts expect that Dominion Energy will post $3.65 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Palisade Capital Management LLC NJ increased its position in shares of Dominion Energy by 1.9% in the first quarter. Palisade Capital Management LLC NJ now owns 6,805 shares of the utilities provider’s stock worth $528,000 after buying an additional 130 shares during the period. City Holding Co. increased its position in shares of Dominion Energy by 4.4% in the first quarter. City Holding Co. now owns 22,744 shares of the utilities provider’s stock worth $1,764,000 after buying an additional 950 shares during the period. Bank of Montreal Can increased its position in shares of Dominion Energy by 6.8% in the first quarter. Bank of Montreal Can now owns 432,917 shares of the utilities provider’s stock worth $33,581,000 after buying an additional 27,629 shares during the period. Coastline Trust Co increased its position in shares of Dominion Energy by 4.0% in the first quarter. Coastline Trust Co now owns 12,319 shares of the utilities provider’s stock worth $956,000 after buying an additional 475 shares during the period. Finally, BB&T Corp increased its position in shares of Dominion Energy by 3.5% in the first quarter. BB&T Corp now owns 122,663 shares of the utilities provider’s stock worth $9,516,000 after buying an additional 4,101 shares during the period. Hedge funds and other institutional investors own 66.11% of the company’s stock.
Dominion Energy Company Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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