Dominion Energy (NYSE:D) PT Lowered to $80.00 at Wells Fargo & Co

Dominion Energy (NYSE:D) had its target price reduced by Wells Fargo & Co from $82.00 to $80.00 in a report released on Monday, BenzingaRatingsTable reports. They currently have an equal weight rating on the utilities provider’s stock.

D has been the topic of several other research reports. Wolfe Research cut Dominion Energy from an outperform rating to a peer perform rating in a research note on Friday, May 29th. BMO Capital Markets upped their target price on Dominion Energy from $80.00 to $85.00 and gave the company a market perform rating in a report on Tuesday, June 16th. Barclays decreased their price objective on Dominion Energy from $93.00 to $74.00 and set an overweight rating for the company in a report on Thursday, March 26th. JPMorgan Chase & Co. decreased their price objective on Dominion Energy from $87.00 to $85.00 and set a neutral rating for the company in a report on Wednesday, May 27th. Finally, Mizuho increased their price target on Dominion Energy from $69.00 to $82.00 and gave the company a neutral rating in a research note on Monday, April 20th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Dominion Energy currently has a consensus rating of Hold and an average price target of $85.13.

NYSE D opened at $82.69 on Monday. Dominion Energy has a fifty-two week low of $57.79 and a fifty-two week high of $90.89. The stock has a market cap of $69.13 billion, a price-to-earnings ratio of 37.59, a price-to-earnings-growth ratio of 3.97 and a beta of 0.42. The business has a fifty day moving average of $82.39 and a 200-day moving average of $81.09. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 1.14.

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

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 20th. Shareholders of record on Friday, June 5th were issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend was Thursday, June 4th. Dominion Energy’s dividend payout ratio is presently 88.68%.

Several hedge funds have recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in shares of Dominion Energy by 11.2% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,485 shares of the utilities provider’s stock valued at $120,000 after buying an additional 150 shares during the period. First Financial Bank Trust Division acquired a new position in shares of Dominion Energy in the 2nd quarter valued at $234,000. Thomasville National Bank grew its holdings in shares of Dominion Energy by 6.9% in the 2nd quarter. Thomasville National Bank now owns 170,140 shares of the utilities provider’s stock valued at $13,812,000 after buying an additional 11,025 shares during the period. State Street Corp grew its holdings in shares of Dominion Energy by 1.6% in the 1st quarter. State Street Corp now owns 45,308,353 shares of the utilities provider’s stock valued at $3,270,810,000 after buying an additional 712,601 shares during the period. Finally, NovaPoint Capital LLC grew its holdings in shares of Dominion Energy by 4.6% in the 1st quarter. NovaPoint Capital LLC now owns 20,309 shares of the utilities provider’s stock valued at $1,466,000 after buying an additional 884 shares during the period. 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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