Dominion Energy (NYSE:D) Price Target Increased to $52.00 by Analysts at Mizuho

Dominion Energy (NYSE:D) had its price target lifted by Mizuho from $45.00 to $52.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a neutral rating on the utilities provider’s stock.

Other research analysts have also issued reports about the stock. Bank of America increased their price objective on shares of Dominion Energy from $40.00 to $43.00 and gave the stock an underperform rating in a report on Tuesday, April 23rd. Scotiabank decreased their price target 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. StockNews.com downgraded Dominion Energy from a hold rating to a sell rating in a report on Friday, February 23rd. Guggenheim cut their target price on Dominion Energy from $57.00 to $52.00 and set a buy rating on the stock in a research report on Monday, March 4th. Finally, BMO Capital Markets downgraded Dominion Energy from an outperform rating to a market perform rating and set a $49.00 price target for the company. in a research report on Monday, March 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of Hold and a consensus target price of $50.45.

Dominion Energy Price Performance

D stock traded up $0.24 on Friday, reaching $51.40. The company had a trading volume of 3,741,756 shares, compared to its average volume of 4,113,876. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04. The company’s fifty day moving average is $48.67 and its 200 day moving average is $46.68. The company has a market cap of $43.05 billion, a P/E ratio of 22.06, a PEG ratio of 3.42 and a beta of 0.59. Dominion Energy has a 1 year low of $39.18 and a 1 year high of $57.27.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.46%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. On average, research analysts forecast that Dominion Energy will post 2.75 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in Dominion Energy by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after purchasing an additional 1,928,823 shares during the last quarter. Wellington Management Group LLP increased its position in Dominion Energy by 13.2% in the 4th quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock valued at $869,184,000 after acquiring an additional 2,153,488 shares during the period. Capital Research Global Investors raised its stake in Dominion Energy by 136.5% during the 4th quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock valued at $844,630,000 after acquiring an additional 10,370,768 shares in the last quarter. Northern Trust Corp boosted its position in Dominion Energy by 2.7% during the 3rd quarter. Northern Trust Corp now owns 8,527,408 shares of the utilities provider’s stock worth $380,919,000 after acquiring an additional 220,238 shares during the period. Finally, Federated Hermes Inc. grew its stake in shares of Dominion Energy by 1.0% in the fourth quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock worth $357,769,000 after purchasing an additional 75,600 shares in the last quarter. 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.