Dominion Energy (NYSE:D) Given New $60.00 Price Target at UBS Group

Dominion Energy (NYSE:D) had its target price raised by UBS Group from $58.00 to $60.00 in a report released on Friday morning,Benzinga reports. They currently have a neutral rating on the utilities provider’s stock.

D has been the subject of several other research reports. Scotiabank increased their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Morgan Stanley increased their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $57.58.

Dominion Energy Price Performance

Shares of NYSE:D opened at $54.51 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a market cap of $46.44 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The stock’s fifty day simple moving average is $55.19 and its two-hundred day simple moving average is $56.30. Dominion Energy has a 1-year low of $46.56 and a 1-year high of $61.97.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. As a group, analysts forecast that Dominion Energy will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio is presently 98.89%.

Institutional Trading of Dominion Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cape Investment Advisory Inc. grew its holdings in shares of Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock worth $25,000 after buying an additional 378 shares in the last quarter. BankPlus Trust Department purchased a new stake in shares of Dominion Energy during the 4th quarter valued at $26,000. Roble Belko & Company Inc bought a new stake in shares of Dominion Energy during the 4th quarter worth $27,000. Finally, Fairway Wealth LLC bought a new stake in shares of Dominion Energy during the 4th quarter worth $27,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

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.