Dominion Energy (D) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of Dominion Energy (NYSE:D) from a hold rating to a buy rating in a report published on Saturday morning.

Several other research analysts have also commented on the stock. UBS Group upgraded shares of Dominion Energy from a neutral rating to a buy rating and boosted their price objective for the stock from $75.00 to $84.00 in a research note on Thursday, November 29th. Barclays set a $79.00 price objective on shares of Dominion Energy and gave the stock a buy rating in a research note on Saturday, November 17th. JPMorgan Chase & Co. reduced their price objective on shares of Dominion Energy from $78.00 to $77.00 and set a buy rating for the company in a research note on Friday, November 2nd. Bank of America reduced their price objective on shares of Dominion Energy from $71.00 to $69.00 and set a neutral rating for the company in a research note on Friday, November 2nd. Finally, Zacks Investment Research upgraded shares of Dominion Energy from a hold rating to a buy rating and set a $82.00 price objective for the company in a research note on Monday, October 22nd. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $85.45.

NYSE:D opened at $76.92 on Friday. Dominion Energy has a one year low of $61.53 and a one year high of $85.30. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.62 and a quick ratio of 0.46. The stock has a market capitalization of $50.50 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 3.12 and a beta of 0.18.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, November 1st. The utilities provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.41 billion. Dominion Energy had a net margin of 24.63% and a return on equity of 13.24%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 EPS. Research analysts forecast that Dominion Energy will post 4.07 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Friday, December 7th will be given a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Thursday, December 6th. Dominion Energy’s dividend payout ratio is presently 92.78%.

Large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its stake in shares of Dominion Energy by 0.3% in the 2nd quarter. Victory Capital Management Inc. now owns 261,842 shares of the utilities provider’s stock valued at $17,852,000 after purchasing an additional 726 shares during the period. Alps Advisors Inc. lifted its stake in shares of Dominion Energy by 33.5% in the 2nd quarter. Alps Advisors Inc. now owns 111,558 shares of the utilities provider’s stock valued at $7,606,000 after purchasing an additional 28,005 shares during the period. Barings LLC acquired a new position in shares of Dominion Energy in the 2nd quarter valued at $312,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Dominion Energy in the 2nd quarter valued at $771,000. Finally, State Treasurer State of Michigan lifted its stake in shares of Dominion Energy by 0.7% in the 2nd quarter. State Treasurer State of Michigan now owns 193,249 shares of the utilities provider’s stock valued at $13,176,000 after purchasing an additional 1,400 shares during the period. 67.23% of the stock is currently owned by institutional investors.

About Dominion Energy

Dominion Energy, Inc engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Power Delivery, Power Generation, and Gas Infrastructure.

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Analyst Recommendations for Dominion Energy (NYSE:D)

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