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Dominion Energy, Inc. (NYSE:D) Receives $72.00 Consensus Target Price From Analysts

Financial News Live ·  02/05 20:01

Shares of Dominion Energy, Inc. (NYSE:D – Get Rating) have been given an average rating of "Hold" by the seventeen analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $71.25.

D has been the subject of a number of research reports. Maxim Group started coverage on Dominion Energy in a research note on Friday, November 4th. They set a "hold" rating for the company. The Goldman Sachs Group upgraded shares of Dominion Energy from a "sell" rating to a "neutral" rating and reduced their price objective for the company from $72.00 to $69.00 in a research report on Sunday, November 13th. began coverage on shares of Dominion Energy in a research note on Wednesday, October 12th. They set a "hold" rating for the company. Morgan Stanley dropped their price target on Dominion Energy from $76.00 to $65.00 and set an "equal weight" rating on the stock in a report on Thursday. Finally, Wolfe Research cut Dominion Energy from an "outperform" rating to a "peer perform" rating in a report on Monday, November 7th.

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Hedge Funds Weigh In On Dominion Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. grew its position in shares of Dominion Energy by 7.7% in the first quarter. Sei Investments Co. now owns 168,723 shares of the utilities provider's stock valued at $14,325,000 after purchasing an additional 12,002 shares during the last quarter. Prudential PLC acquired a new stake in Dominion Energy in the 1st quarter valued at approximately $1,528,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Dominion Energy by 30.0% during the first quarter. Sequoia Financial Advisors LLC now owns 7,195 shares of the utilities provider's stock worth $611,000 after buying an additional 1,661 shares during the last quarter. Covestor Ltd boosted its position in shares of Dominion Energy by 49.8% in the first quarter. Covestor Ltd now owns 394 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 131 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in Dominion Energy in the 1st quarter worth $419,000. Institutional investors own 70.30% of the company's stock.

Dominion Energy Trading Down 2.8 %

Shares of D stock opened at $60.25 on Friday. The firm has a market capitalization of $50.21 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 2.55 and a beta of 0.43. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.57 and a current ratio of 0.71. Dominion Energy has a 1 year low of $57.18 and a 1 year high of $88.78. The stock has a fifty day moving average of $61.14 and a two-hundred day moving average of $69.53.

Dominion Energy (NYSE:D – Get Rating) last announced its earnings results on Friday, November 4th. The utilities provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.03. Dominion Energy had a net margin of 14.73% and a return on equity of 12.84%. The firm had revenue of $4.39 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the prior year, the firm posted $1.11 EPS. Dominion Energy's revenue was up 38.1% compared to the same quarter last year. As a group, research analysts expect that Dominion Energy will post 4.1 EPS for the current year.

About Dominion Energy

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Dominion Energy, Inc engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets and Corporate and Other.

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