Barclays began coverage on shares of Dominion Energy (NYSE:D – Free Report) in a report published on Wednesday morning, Marketbeat reports. The firm issued an equal weight rating and a $52.00 price objective on the utilities provider’s stock.
Several other research analysts also recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of Dominion Energy from $61.00 to $55.00 in a research note on Monday, July 3rd. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $55.00 to $57.00 and gave the company a neutral rating in a research note on Thursday, August 17th. The Goldman Sachs Group started coverage on shares of Dominion Energy in a research note on Wednesday, June 7th. They set a neutral rating for the company. Bank of America dropped their price objective on shares of Dominion Energy from $54.00 to $52.00 in a research note on Tuesday, May 16th. Finally, BMO Capital Markets dropped their price objective on shares of Dominion Energy from $61.00 to $54.00 and set an outperform rating for the company in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Dominion Energy presently has a consensus rating of Hold and a consensus price target of $56.55.
Read Our Latest Report on Dominion Energy
Dominion Energy Stock Performance
Dominion Energy (NYSE:D – Get Free Report) last announced its earnings results on Friday, August 4th. The utilities provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05. Dominion Energy had a net margin of 12.71% and a return on equity of 11.94%. The firm had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts forecast that Dominion Energy will post 3.52 earnings per share for the current fiscal year.
Dominion Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.59%. The ex-dividend date is Thursday, August 31st. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.
Insider Buying and Selling at Dominion Energy
In other Dominion Energy news, COO Diane Leopold sold 6,250 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $49.16, for a total value of $307,250.00. Following the completion of the sale, the chief operating officer now owns 100,115 shares of the company’s stock, valued at $4,921,653.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.15% of the stock is owned by corporate insiders.
Institutional Trading of Dominion Energy
Large investors have recently bought and sold shares of the company. Tucker Asset Management LLC purchased a new position in shares of Dominion Energy during the 1st quarter valued at approximately $25,000. Operose Advisors LLC boosted its stake in shares of Dominion Energy by 158.0% during the 2nd quarter. Operose Advisors LLC now owns 516 shares of the utilities provider’s stock valued at $27,000 after buying an additional 316 shares during the last quarter. Pacific Center for Financial Services purchased a new position in shares of Dominion Energy during the 1st quarter valued at approximately $28,000. AXS Investments LLC purchased a new position in shares of Dominion Energy during the 4th quarter valued at approximately $30,000. Finally, Core Alternative Capital boosted its stake in shares of Dominion Energy by 63.0% during the 1st quarter. Core Alternative Capital now owns 533 shares of the utilities provider’s stock valued at $30,000 after buying an additional 206 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.
Dominion Energy Company Profile
Dominion Energy, Inc produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
Read More
- Five stocks we like better than Dominion Energy
- What is a Mid Cap Stock? How to Invest
- Bear Market vs Recession: What Are the Differences?
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- 7 Best AI Mutual Funds (and ETFs) to Sweep the AI Craze
- Stocks in the Dow: About the Dow Jones Industrial Average (DJIA)
- Auto Parts Stocks Shift Gears: Which is the Right One to Buy?
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.
