Dominion Energy (NYSE:D) PT Raised to $53.00 at Evercore ISI

Dominion Energy (NYSE:D) had its target price lifted by research analysts at Evercore ISI from $47.00 to $53.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “in-line” rating on the utilities provider’s stock. Evercore ISI’s price objective points to a potential upside of 3.11% from the company’s current price.

A number of other equities research analysts have also commented on D. Bank of America increased their price target on Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday, April 23rd. Guggenheim cut their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Mizuho increased their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday. BMO Capital Markets downgraded Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price on the stock. in a research note on Monday, March 11th. Finally, Scotiabank reduced their target price on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $50.45.

Dominion Energy Trading Up 0.5 %

D traded up $0.24 during trading on Friday, hitting $51.40. The company’s stock had a trading volume of 3,738,691 shares, compared to its average volume of 5,283,480. The firm has a market capitalization of $43.05 billion, a P/E ratio of 22.06, a PEG ratio of 3.42 and a beta of 0.59. Dominion Energy has a twelve month low of $39.18 and a twelve month high of $57.27. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. The stock’s fifty day moving average price is $48.60 and its 200-day moving average price is $46.62.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $4.34 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. Analysts anticipate that Dominion Energy will post 2.75 EPS for the current year.

Insider Buying and Selling

In other Dominion Energy news, Director Joseph M. Rigby purchased 2,130 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Joseph M. Rigby acquired 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert M. Blue acquired 21,735 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the acquisition, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dominion Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Criterion Capital Advisors LLC purchased a new position in Dominion Energy during the 4th quarter valued at about $29,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Dominion Energy during the fourth quarter valued at approximately $30,000. Rise Advisors LLC purchased a new stake in Dominion Energy in the first quarter worth $30,000. Venturi Wealth Management LLC boosted its holdings in Dominion Energy by 84.5% in the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 310 shares in the last quarter. Finally, Briaud Financial Planning Inc purchased a new position in Dominion Energy during the 3rd quarter valued at $36,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.