Dominion Energy (NYSE:D) Now Covered by Morgan Stanley

Analysts at Morgan Stanley started coverage on shares of Dominion Energy (NYSE:D) in a report issued on Monday. The brokerage set an “equal weight” rating and a $61.00 price target on the utilities provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 3.88% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Barclays raised their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. JPMorgan Chase & Co. raised their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Jefferies Financial Group assumed coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. Finally, BMO Capital Markets raised their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $56.33.

Dominion Energy Trading Down 0.1 %

Shares of NYSE:D opened at $58.72 on Monday. The business has a 50-day moving average price of $58.19 and a 200-day moving average price of $55.06. The stock has a market cap of $49.33 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.56 and a beta of 0.59. Dominion Energy has a 52-week low of $43.53 and a 52-week high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter last year, the business posted $0.77 EPS. The company’s revenue was up 3.4% on a year-over-year basis. Equities analysts predict that Dominion Energy will post 2.76 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Old North State Trust LLC acquired a new stake in Dominion Energy during the third quarter worth $236,000. Franklin Resources Inc. increased its position in shares of Dominion Energy by 4.8% during the 3rd quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider’s stock worth $496,358,000 after purchasing an additional 398,012 shares during the last quarter. Tidal Investments LLC raised its holdings in Dominion Energy by 8.2% in the 3rd quarter. Tidal Investments LLC now owns 38,339 shares of the utilities provider’s stock valued at $2,216,000 after buying an additional 2,891 shares during the period. Wilmington Savings Fund Society FSB lifted its position in Dominion Energy by 82.9% in the third quarter. Wilmington Savings Fund Society FSB now owns 24,277 shares of the utilities provider’s stock valued at $1,403,000 after buying an additional 11,006 shares during the last quarter. Finally, World Investment Advisors LLC boosted its stake in Dominion Energy by 91.9% during the third quarter. World Investment Advisors LLC now owns 13,788 shares of the utilities provider’s stock worth $797,000 after buying an additional 6,603 shares during the period. Institutional investors and hedge funds 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.