Dominion Energy Inc. (D) Given “Hold” Rating at Gabelli
Gabelli reiterated their hold rating on shares of Dominion Energy Inc. (NYSE:D) in a report issued on Wednesday. Gabelli also issued estimates for Dominion Energy’s FY2019 earnings at $4.25 EPS, FY2020 earnings at $4.55 EPS and FY2021 earnings at $4.90 EPS.
Several other research analysts have also weighed in on D. Deutsche Bank AG raised their price objective on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a hold rating in a report on Thursday, August 3rd. KeyCorp reissued a hold rating on shares of Dominion Energy in a report on Friday, October 20th. Zacks Investment Research raised shares of Dominion Energy from a sell rating to a hold rating in a report on Friday, August 4th. Royal Bank Of Canada reissued a hold rating and set a $77.00 price objective on shares of Dominion Energy in a report on Monday, August 21st. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and issued a $78.00 price target on shares of Dominion Energy in a report on Thursday, September 14th. Thirteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $80.70.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.02. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.31 billion. Dominion Energy had a net margin of 17.21% and a return on equity of 13.60%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $1.14 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be given a $0.77 dividend. The ex-dividend date is Thursday, November 30th. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a yield of 3.80%. Dominion Energy’s dividend payout ratio (DPR) is currently 89.09%.
A number of large investors have recently modified their holdings of the stock. Wesbanco Bank Inc. lifted its position in Dominion Energy by 1.9% in the 3rd quarter. Wesbanco Bank Inc. now owns 191,933 shares of the utilities provider’s stock valued at $14,766,000 after purchasing an additional 3,637 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Dominion Energy by 3.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 18,529 shares of the utilities provider’s stock valued at $1,425,000 after purchasing an additional 629 shares during the last quarter. Prudential Financial Inc. lifted its position in Dominion Energy by 0.8% in the 3rd quarter. Prudential Financial Inc. now owns 903,556 shares of the utilities provider’s stock valued at $69,511,000 after purchasing an additional 6,750 shares during the last quarter. Armor Investment Advisors LLC lifted its position in Dominion Energy by 8.0% in the 3rd quarter. Armor Investment Advisors LLC now owns 13,516 shares of the utilities provider’s stock valued at $1,040,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Smith Moore & CO. lifted its position in Dominion Energy by 70.2% in the 3rd quarter. Smith Moore & CO. now owns 10,459 shares of the utilities provider’s stock valued at $805,000 after purchasing an additional 4,314 shares during the last quarter. Hedge funds and other institutional investors own 64.41% 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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