Morgan Stanley set a $84.00 target price on Dominion Energy (NYSE:D) in a report published on Friday morning, TipRanks reports. The brokerage currently has a hold rating on the utilities provider’s stock.

Several other research analysts also recently commented on the stock. KeyCorp initiated coverage on shares of Dominion Energy in a report on Tuesday, June 4th. They issued a sector weight rating for the company. Zacks Investment Research downgraded shares of Dominion Energy from a hold rating to a sell rating and set a $83.00 price objective for the company. in a report on Thursday, July 4th. TheStreet downgraded shares of Dominion Energy from a b rating to a c+ rating in a report on Friday, May 3rd. Wolfe Research raised shares of Dominion Energy from a peer perform rating to an outperform rating in a report on Thursday, August 1st. Finally, Credit Suisse Group raised shares of Dominion Energy from a neutral rating to an outperform rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $79.33.

NYSE:D traded up $0.93 during trading hours on Friday, hitting $77.79. The stock had a trading volume of 3,661,066 shares, compared to its average volume of 4,270,347. The company has a 50 day simple moving average of $76.39 and a two-hundred day simple moving average of $75.77. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.42. Dominion Energy has a one year low of $67.41 and a one year high of $79.47. The firm has a market capitalization of $61.90 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 3.85 and a beta of 0.25.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.02. Dominion Energy had a net margin of 5.94% and a return on equity of 11.74%. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period last year, the firm earned $0.86 EPS. The business’s quarterly revenue was up 28.6% compared to the same quarter last year. Equities research analysts anticipate that Dominion Energy will post 4.14 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.9175 per share. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date is Thursday, September 5th. Dominion Energy’s dividend payout ratio is currently 90.62%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Interactive Financial Advisors purchased a new position in shares of Dominion Energy in the first quarter valued at about $26,000. Benjamin Edwards Inc. purchased a new position in shares of Dominion Energy in the second quarter valued at about $26,000. Mark Sheptoff Financial Planning LLC increased its position in shares of Dominion Energy by 133.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 350 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 200 shares during the period. Manchester Financial Inc. purchased a new position in shares of Dominion Energy in the second quarter valued at about $27,000. Finally, NuWave Investment Management LLC increased its position in shares of Dominion Energy by 651.0% in the second quarter. NuWave Investment Management LLC now owns 368 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 319 shares during the period. 64.29% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for Dominion Energy (NYSE:D)

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