Dominion Energy (NYSE:D) Cut to “Peer Perform” at Wolfe Research

Wolfe Research lowered shares of Dominion Energy (NYSE:D) from an outperform rating to a peer perform rating in a research note published on Friday, Briefing.com Automated Import reports.

Several other analysts have also issued reports on the company. Morgan Stanley cut their price target on Dominion Energy from $86.00 to $84.00 and set an equal weight rating for the company in a report on Friday, May 15th. Credit Suisse Group boosted their price target on Dominion Energy from $80.00 to $85.00 and gave the company an outperform rating in a report on Thursday, May 14th. JPMorgan Chase & Co. cut their price target on Dominion Energy from $87.00 to $85.00 and set a neutral rating for the company in a report on Wednesday, May 27th. UBS Group cut their price target on Dominion Energy from $94.00 to $87.00 and set a buy rating for the company in a report on Friday, May 8th. Finally, Citigroup boosted their price target on Dominion Energy from $79.00 to $87.00 and gave the company a neutral rating in a report on Monday, February 3rd. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $84.47.

Dominion Energy stock opened at $85.89 on Friday. The stock has a market cap of $71.34 billion, a PE ratio of 39.04, a price-to-earnings-growth ratio of 4.14 and a beta of 0.44. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.47 and a current ratio of 0.63. Dominion Energy has a one year low of $57.79 and a one year high of $90.89. The stock has a fifty day moving average of $79.41 and a 200 day moving average of $80.87.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.01). The firm had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.74 billion. Dominion Energy had a net margin of 10.80% and a return on equity of 11.97%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 EPS. As a group, sell-side analysts predict that Dominion Energy will post 4.33 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 20th. Stockholders of record on Friday, June 5th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date is Thursday, June 4th. Dominion Energy’s dividend payout ratio (DPR) is 88.68%.

A number of institutional investors have recently made changes to their positions in the stock. Assetmark Inc. boosted its stake in Dominion Energy by 2.5% during the fourth quarter. Assetmark Inc. now owns 4,939 shares of the utilities provider’s stock valued at $409,000 after buying an additional 122 shares during the last quarter. Biltmore Capital Advisors LLC boosted its stake in Dominion Energy by 4.7% during the first quarter. Biltmore Capital Advisors LLC now owns 2,884 shares of the utilities provider’s stock valued at $208,000 after buying an additional 129 shares during the last quarter. Violich Capital Management Inc. boosted its stake in Dominion Energy by 0.4% during the first quarter. Violich Capital Management Inc. now owns 32,280 shares of the utilities provider’s stock valued at $2,330,000 after buying an additional 130 shares during the last quarter. Strategic Wealth Advisors Group LLC boosted its stake in Dominion Energy by 0.6% during the fourth quarter. Strategic Wealth Advisors Group LLC now owns 23,202 shares of the utilities provider’s stock valued at $1,919,000 after buying an additional 135 shares during the last quarter. Finally, Prestige Wealth Management Group LLC boosted its stake in Dominion Energy by 35.1% during the first quarter. Prestige Wealth Management Group LLC now owns 520 shares of the utilities provider’s stock valued at $38,000 after buying an additional 135 shares during the last quarter. 66.46% 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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