Argus Upgrades Dominion Energy (NYSE:D) to Hold

Dominion Energy (NYSE:D) was upgraded by analysts at Argus to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other brokerages also recently issued reports on D. Scotiabank raised their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Morgan Stanley upped their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Finally, UBS Group raised their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Thirteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $57.58.

Dominion Energy Trading Up 1.9 %

D opened at $53.84 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company’s 50 day simple moving average is $55.19 and its two-hundred day simple moving average is $56.22. The firm has a market capitalization of $45.87 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. Dominion Energy has a 1-year low of $46.62 and a 1-year high of $61.97.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating 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%. Analysts expect that Dominion Energy will post 3.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Dominion Energy

Several hedge funds and other institutional investors have recently made changes to their positions in D. 111 Capital purchased a new position in shares of Dominion Energy in the 4th quarter valued at $759,000. Wealth Enhancement Advisory Services LLC boosted its stake in Dominion Energy by 125.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 243,749 shares of the utilities provider’s stock valued at $13,128,000 after acquiring an additional 135,637 shares in the last quarter. Campbell Deegan Wealth Management LLC purchased a new position in shares of Dominion Energy during the fourth quarter worth about $346,000. Park Square Financial Group LLC purchased a new position in shares of Dominion Energy during the fourth quarter worth about $27,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Dominion Energy during the fourth quarter worth about $16,214,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

About Dominion Energy

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.