Dominion Energy (NYSE:D) Downgraded by Credit Suisse Group

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Credit Suisse Group lowered shares of Dominion Energy (NYSE:D) from an outperform rating to a neutral rating in a report released on Tuesday morning, BenzingaRatingsTable reports. The brokerage currently has $75.00 target price on the utilities provider’s stock.

D has been the subject of several other research reports. Wolfe Research downgraded Dominion Energy from an outperform rating to a peer perform rating in a research note on Friday, May 29th. Morgan Stanley upped their price objective on shares of Dominion Energy from $84.00 to $85.00 and gave the company an equal weight rating in a report on Wednesday, June 17th. Zacks Investment Research raised shares of Dominion Energy from a hold rating to a buy rating and set a $83.00 price target for the company in a research report on Wednesday, May 20th. Barclays decreased their price target on Dominion Energy from $93.00 to $74.00 and set an overweight rating for the company in a report on Thursday, March 26th. Finally, UBS Group restated a buy rating and issued a $92.00 target price on shares of Dominion Energy in a research note on Monday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $82.19.

Dominion Energy stock opened at $73.77 on Tuesday. The business has a 50-day moving average of $82.42 and a 200-day moving average of $81.01. The company has a current ratio of 0.63, a quick ratio of 0.47 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $63.13 billion, a P/E ratio of 33.53, a PEG ratio of 6.83 and a beta of 0.42. Dominion Energy has a 1 year low of $57.79 and a 1 year high of $90.89.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.01). Dominion Energy had a net margin of 10.80% and a return on equity of 11.97%. The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period last year, the company posted $1.10 earnings per share. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. Research analysts anticipate that Dominion Energy will post 3.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 20th. Stockholders of record on Friday, June 5th were paid a $0.94 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 5.10%. Dominion Energy’s dividend payout ratio (DPR) is presently 88.68%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brooktree Capital Management bought a new position in shares of Dominion Energy during the first quarter valued at approximately $29,000. Ballast Advisors LLC bought a new stake in Dominion Energy during the first quarter valued at about $35,000. Bellevue Asset Management LLC grew its position in shares of Dominion Energy by 50.0% in the 1st quarter. Bellevue Asset Management LLC now owns 450 shares of the utilities provider’s stock worth $35,000 after buying an additional 150 shares during the last quarter. Key Financial Inc bought a new position in shares of Dominion Energy during the 1st quarter worth approximately $38,000. Finally, Prestige Wealth Management Group LLC lifted its position in Dominion Energy by 35.1% during the first quarter. Prestige Wealth Management Group LLC now owns 520 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 135 shares during the last quarter. 66.46% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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Analyst Recommendations for Dominion Energy (NYSE:D)

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