Dominion Energy (D) Reaches New 1-Year High at $85.01
Dominion Energy Inc. (NYSE:D) reached a new 52-week high during trading on Friday . The company traded as high as $85.01 and last traded at $84.38, with a volume of 2202700 shares. The stock had previously closed at $84.11.
A number of equities research analysts recently commented on the stock. J P Morgan Chase & Co lifted their price target on shares of Dominion Energy from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Tuesday, October 3rd. Gabelli reaffirmed a “hold” rating on shares of Dominion Energy in a report on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Finally, Citigroup lifted their price target on shares of Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Thirteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Dominion Energy has a consensus rating of “Hold” and an average price target of $81.50.
The firm has a market capitalization of $54,642.14, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 4.18 and a beta of 0.29. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the previous year, the business earned $1.14 EPS. Dominion Energy’s revenue was up 1.5% compared to the same quarter last year. equities analysts predict that Dominion Energy Inc. will post 3.6 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.63%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Thursday, November 30th. Dominion Energy’s payout ratio is currently 90.86%.
In related news, Director John W. Harris sold 5,616 shares of Dominion Energy stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $80.71, for a total value of $453,267.36. Following the completion of the transaction, the director now directly owns 18,920 shares in the company, valued at approximately $1,527,033.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in D. Tradewinds Capital Management LLC grew its position in Dominion Energy by 0.9% in the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 12 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new position in Dominion Energy in the second quarter worth $103,000. Johnson Financial Group Inc. grew its position in Dominion Energy by 146.8% in the third quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock worth $103,000 after acquiring an additional 800 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its position in Dominion Energy by 336.3% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 1,076 shares in the last quarter. Finally, Pacad Investment Ltd. purchased a new position in Dominion Energy in the second quarter worth $107,000. Hedge funds and other institutional investors own 64.67% of the company’s stock.
About Dominion Energy
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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