Dominion Energy Inc. (D) Hits New 52-Week High at $82.88

Dominion Energy Inc. (NYSE:D) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $82.88 and last traded at $81.85, with a volume of 1631200 shares. The stock had previously closed at $80.81.

A number of brokerages have recently issued reports on D. National Bank Financial downgraded Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a research report on Wednesday, October 4th. Citigroup Inc. lifted their price target on Dominion Energy from $76.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, October 17th. Deutsche Bank AG lifted their price target on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $77.00 price target on shares of Dominion Energy in a research report on Monday, August 21st. Fifteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Dominion Energy currently has an average rating of “Hold” and a consensus target price of $80.70.

The company has a current ratio of 0.47, a quick ratio of 0.29 and a debt-to-equity ratio of 1.67. The company has a market cap of $52,003.64, a P/E ratio of 22.02, a PEG ratio of 3.92 and a beta of 0.29.

Dominion Energy (NYSE:D) last posted its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.02. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the previous year, the firm earned $1.14 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. research analysts forecast that Dominion Energy Inc. will post 3.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a dividend yield of 3.76%. Dominion Energy’s payout ratio is currently 89.09%.

In related news, Director John W. Harris sold 5,616 shares of Dominion Energy stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $80.71, for a total transaction of $453,267.36. Following the sale, the director now directly owns 18,920 shares in the company, valued at $1,527,033.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.37% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in D. Bollard Group LLC boosted its holdings in Dominion Energy by 0.8% in the second quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock worth $117,000 after acquiring an additional 12 shares in the last quarter. Tradewinds Capital Management LLC boosted its holdings in Dominion Energy by 0.9% in the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 12 shares in the last quarter. Wsfs Capital Management LLC boosted its holdings in Dominion Energy by 0.4% in the second quarter. Wsfs Capital Management LLC now owns 2,969 shares of the utilities provider’s stock worth $228,000 after acquiring an additional 12 shares in the last quarter. Farmers National Bank boosted its holdings in Dominion Energy by 0.3% in the first quarter. Farmers National Bank now owns 4,673 shares of the utilities provider’s stock worth $347,000 after acquiring an additional 16 shares in the last quarter. Finally, Omnia Family Wealth LLC boosted its holdings in Dominion Energy by 0.3% in the second quarter. Omnia Family Wealth LLC now owns 4,998 shares of the utilities provider’s stock worth $383,000 after acquiring an additional 16 shares in the last quarter. Institutional investors own 64.27% of the company’s stock.

WARNING: This story was published by Markets Daily and is owned by of Markets Daily. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.themarketsdaily.com/2017/11/14/dominion-energy-inc-d-hits-new-52-week-high-at-82-88.html.

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.

Receive News & Ratings for Dominion Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply