J P Morgan Chase & Co upgraded shares of Dominion Energy (NYSE:D) from a neutral rating to an overweight rating in a report released on Thursday, Marketbeat.com reports. They currently have $82.00 price objective on the utilities provider’s stock.
A number of other research analysts have also recently issued reports on D. Royal Bank of Canada reissued a hold rating and issued a $77.00 target price on shares of Dominion Energy in a research note on Monday, August 21st. KeyCorp reissued a hold rating on shares of Dominion Energy in a research note on Friday, September 1st. Goldman Sachs Group reissued a neutral rating and issued a $78.00 target price on shares of Dominion Energy in a research note on Thursday, September 14th. Zacks Investment Research raised Dominion Energy from a hold rating to a buy rating and set a $86.00 target price for the company in a research note on Tuesday, October 3rd. Finally, National Bank Financial cut Dominion Energy from an outperfrom under weight rating to a sector perform rating in a research note on Wednesday, October 4th. Thirteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Dominion Energy currently has an average rating of Hold and an average target price of $81.50.
Shares of Dominion Energy (NYSE D) opened at $84.91 on Thursday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47. Dominion Energy has a 52 week low of $70.87 and a 52 week high of $85.26. The company has a market capitalization of $54,642.14, a price-to-earnings ratio of 23.14, a P/E/G ratio of 4.18 and a beta of 0.29.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be given a dividend of $0.77 per share. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Thursday, November 30th. Dominion Energy’s dividend payout ratio is currently 90.86%.
In other news, Director John W. Harris sold 5,616 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $80.71, for a total transaction of $453,267.36. Following the completion of the transaction, the director now directly owns 18,920 shares of the company’s stock, valued at $1,527,033.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. Triangle Securities Wealth Management raised its holdings in Dominion Energy by 8.1% during the second quarter. Triangle Securities Wealth Management now owns 18,846 shares of the utilities provider’s stock worth $1,444,000 after acquiring an additional 1,405 shares in the last quarter. Catawba Capital Management VA raised its holdings in Dominion Energy by 16.0% during the second quarter. Catawba Capital Management VA now owns 28,149 shares of the utilities provider’s stock worth $2,157,000 after acquiring an additional 3,885 shares in the last quarter. Xact Kapitalforvaltning AB raised its holdings in Dominion Energy by 0.7% during the second quarter. Xact Kapitalforvaltning AB now owns 49,536 shares of the utilities provider’s stock worth $3,796,000 after acquiring an additional 329 shares in the last quarter. Bremer Trust National Association raised its holdings in Dominion Energy by 2.6% during the second quarter. Bremer Trust National Association now owns 3,642 shares of the utilities provider’s stock worth $279,000 after acquiring an additional 92 shares in the last quarter. Finally, Trust Co raised its holdings in Dominion Energy by 40.7% during the first quarter. Trust Co now owns 9,721 shares of the utilities provider’s stock worth $754,000 after acquiring an additional 2,811 shares in the last quarter. 64.67% of the stock is owned by institutional investors.
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Dominion Energy Company Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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