Dominion Energy Inc (NYSE:D) Given Average Rating of “Hold” by Brokerages
Shares of Dominion Energy Inc (NYSE:D) have been assigned an average rating of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $82.40.
A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Dominion Energy from $78.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Wells Fargo & Co reissued a “hold” rating on shares of Dominion Energy in a research report on Friday, November 1st. Morgan Stanley boosted their target price on Dominion Energy from $86.00 to $87.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, TheStreet upgraded shares of Dominion Energy from a “c+” rating to a “b-” rating in a research report on Thursday, September 19th.
In related news, CEO Diane Leopold sold 11,500 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $82.48, for a total transaction of $948,520.00. Following the transaction, the chief executive officer now owns 60,564 shares of the company’s stock, valued at $4,995,318.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael E. Szymanczyk purchased 21,400 shares of Dominion Energy stock in a transaction on Friday, September 13th. The stock was bought at an average cost of $78.85 per share, with a total value of $1,687,390.00. Following the completion of the acquisition, the director now owns 19,541 shares in the company, valued at $1,540,807.85. The disclosure for this purchase can be found here. Corporate insiders own 0.26% of the company’s stock.
NYSE:D traded down $0.15 on Friday, reaching $81.04. 1,142,534 shares of the company’s stock traded hands, compared to its average volume of 3,917,928. The stock has a 50-day simple moving average of $82.16 and a 200-day simple moving average of $78.67. The firm has a market cap of $68.41 billion, a PE ratio of 20.01, a P/E/G ratio of 4.16 and a beta of 0.21. Dominion Energy has a 12 month low of $67.41 and a 12 month high of $83.93. The company has a quick ratio of 0.37, a current ratio of 0.51 and a debt-to-equity ratio of 1.20.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. Dominion Energy had a return on equity of 11.65% and a net margin of 6.40%. The business had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.51 billion. During the same period in the prior year, the business posted $1.15 earnings per share. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, equities analysts anticipate that Dominion Energy will post 4.18 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Thursday, December 5th. Dominion Energy’s dividend payout ratio is presently 90.62%.
Dominion Energy Company Profile
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
Featured Article: What is the Difference Between Common Shares and Convertible Shares?
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.