Dominion Energy Inc. (D) Raised to Buy at Bank of America Corporation
Dominion Energy Inc. (NYSE:D) was upgraded by analysts at Bank of America Corporation from a “neutral” rating to a “buy” rating in a report released on Wednesday.
Several other research analysts have also issued reports on D. Citigroup Inc. cut their price target on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, July 26th. J P Morgan Chase & Co increased their price target on Dominion Energy from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a report on Friday, October 20th. Zacks Investment Research lowered Dominion Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $78.00 price target on shares of Dominion Energy in a report on Thursday, September 14th. Fourteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Dominion Energy has an average rating of “Hold” and a consensus target price of $80.70.
Shares of Dominion Energy (NYSE D) opened at $81.37 on Wednesday. Dominion Energy has a 52-week low of $70.87 and a 52-week high of $83.64. The company has a market capitalization of $52,222.44, a PE ratio of 22.11, a price-to-earnings-growth ratio of 4.05 and a beta of 0.29. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the company posted $1.14 EPS. The business’s revenue was up 1.5% on a year-over-year basis. equities research analysts expect that Dominion Energy will post 3.6 earnings per share for the current fiscal year.
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In other Dominion Energy news, Director John W. Harris sold 5,616 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $80.71, for a total value of $453,267.36. Following the completion of the sale, the director now directly owns 18,920 shares of the company’s stock, valued at $1,527,033.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.37% of the company’s stock.
Several institutional investors have recently bought and sold shares of D. Tradewinds Capital Management LLC boosted its holdings in shares of 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 during the period. MPS Loria Financial Planners LLC bought a new position in shares of Dominion Energy in the second quarter worth $103,000. Johnson Financial Group Inc. boosted its holdings in shares of 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 during the period. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of 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 during the period. Finally, Pacad Investment Ltd. bought a new position in shares of Dominion Energy in the second quarter worth $107,000. 64.39% of the stock is owned by hedge funds and other institutional investors.
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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