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

Dominion Energy (NYSE:D) had its target price hoisted by Evercore ISI from $47.00 to $53.00 in a research note issued to investors on Friday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the utilities provider’s stock.

Several other equities analysts have also issued reports on D. Scotiabank cut their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a sector perform rating on the stock in a report on Monday, April 22nd. Wells Fargo & Company upped their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the company an equal weight rating in a report on Thursday, March 7th. StockNews.com lowered shares of Dominion Energy from a hold rating to a sell rating in a research note on Friday, February 23rd. Mizuho raised their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a neutral rating in a report on Friday. Finally, BMO Capital Markets lowered shares of Dominion Energy from an outperform rating to a market perform rating and set a $49.00 price objective on the stock. in a report on Monday, March 11th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and an average price target of $50.45.

Dominion Energy Trading Up 0.5 %

Shares of NYSE:D traded up $0.24 during trading hours on Friday, hitting $51.40. 3,741,756 shares of the company’s stock traded hands, compared to its average volume of 4,113,876. The firm has a market capitalization of $43.05 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 3.42 and a beta of 0.59. The business has a fifty day moving average price of $48.67 and a 200-day moving average price of $46.68. Dominion Energy has a 1 year low of $39.18 and a 1 year high of $57.27. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. Dominion Energy had a return on equity of 7.46% and a net margin of 11.57%. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the company earned $0.99 earnings per share. Equities analysts expect that Dominion Energy will post 2.75 earnings per share for the current year.

Insider Transactions at Dominion Energy

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

Institutional Investors Weigh In On Dominion Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in D. Criterion Capital Advisors LLC acquired a new stake in shares of Dominion Energy during the fourth quarter valued at about $29,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Dominion Energy in the 4th quarter valued at approximately $30,000. Rise Advisors LLC purchased a new stake in Dominion Energy in the first quarter valued at approximately $30,000. Venturi Wealth Management LLC lifted its stake in Dominion Energy by 84.5% during the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 310 shares in the last quarter. Finally, Briaud Financial Planning Inc purchased a new position in shares of Dominion Energy during the third quarter worth $36,000. 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.