Dominion Energy Inc. (D) Rating Reiterated by KeyCorp
Dominion Energy Inc. (NYSE:D)‘s stock had its “hold” rating reissued by research analysts at KeyCorp in a research note issued to investors on Friday.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Tuesday, July 11th. BidaskClub cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Citigroup Inc. dropped their price target on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, July 26th. Morgan Stanley dropped their price target on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a report on Monday, May 8th. Finally, Deutsche Bank AG raised their price target on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Dominion Energy presently has an average rating of “Hold” and a consensus price target of $80.57.
Dominion Energy (NYSE D) opened at 78.77 on Friday. The company has a market capitalization of $50.62 billion, a P/E ratio of 22.80 and a beta of 0.28. Dominion Energy has a 52 week low of $69.51 and a 52 week high of $81.65. The company’s 50-day moving average price is $77.92 and its 200-day moving average price is $77.74.
Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the firm posted $0.71 EPS. Dominion Energy’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities analysts forecast that Dominion Energy will post $3.64 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tradewinds Capital Management LLC raised its position in Dominion Energy by 1.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock valued at $101,000 after buying an additional 13 shares in the last quarter. Enterprise Financial Services Corp raised its position in Dominion Energy by 62.6% in the first quarter. Enterprise Financial Services Corp now owns 1,376 shares of the utilities provider’s stock valued at $107,000 after buying an additional 530 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised 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 valued at $107,000 after buying an additional 1,076 shares in the last quarter. Pacad Investment Ltd. acquired a new position in Dominion Energy during the second quarter valued at $107,000. Finally, Monroe Bank & Trust MI raised its position in Dominion Energy by 36.1% in the second quarter. Monroe Bank & Trust MI now owns 1,507 shares of the utilities provider’s stock valued at $116,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 64.48% 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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