Dominion Energy was included in a report on Thursday by the stock analysts working for StockNews.com.
These analysts have begun following the company.
The organization recommended to shareholders that they keep their current “hold” position in the stock of the utility provider.
On February 8th, 2019, Dominion Energy (NYSE: D) disseminated the most recent quarterly results report that it had to offer.
The utility company announced earnings per share (EPS) for the quarter at $1.06, $0.03 higher than the average estimate provided by industry analysts. However, the company’s revenue for the quarter was $4.91 billion, which is significantly higher than the $4.21 billion that analysts predicted it would bring in for the period.
Dominion Energy had a return on equity of 13.35 percent and a net margin of 5.79 percent.
The rise in revenue for the quarter was the equivalent of a 26.6% increase over what it had been during the same quarter the previous year.
Profits per share for the company were $0.90 during the same period the year before compared to the current year.
According to the projections of research analysts, Dominion Energy’s profit will make per share during the current financial year is 4 cents.
Trading in D started on Thursday for $55.91 and continued until Friday.
The company has a P/E ratio of 51.29, a P/E/G ratio of 0.89, and a beta coefficient of 0.45, all contributing to its market value of $46.70 billion. Currently, the debt-to-equity ratio stands at 1.49, the quick ratio sits at 0.60, and the current ratio is at 0.73.
Dominion Energy reached a 52-week high of $88.78 and a 52-week low of $52.92 during the period covered by this report.
The stock currently has a simple moving average of fifty days at $59.35, and its simple moving average of two hundred days is currently at $64.54.
D has also been the focus of many brand-new studies conducted in the scientific community.
The research note that Morgan Stanley published on February 22nd included an “equal weight” rating for Dominion Energy shares and a reduction in the target price from $65.00 to $63.00.
These two shifts took place on the same day, simultaneously.
BMO Capital Markets decreased their target price on shares of Dominion Energy from $66.00 to $61.00 in a research report made available to the public on Monday, February 27th.
Despite this change, the company was still recommended as having an “outperform” rating by the consulting firm.
In a research note published online, the price target for Dominion Energy was increased by Wells Fargo & Company on Monday, January 30th.
The new price target is $66, up from the previous price target of $60.
The company also recommended buying the stock with an “equal weight” rating, which was included in the note that suggested purchasing the stock.
Mizuho decreased their price target on Dominion Energy shares from $62.00 to $58.00 and downgraded their rating on the stock from “buy” to “neutral” in a research report published on Monday, February 27th.
The UBS Group lowered their price objective on Dominion Energy shares from $60.00 to $57.00 and gave the stock a “neutral” rating in a research note published on Tuesday, March 7th.
This was the final and most important point.
The stock has been recommended to sell by one of the equity research analysts, to hold the shares by twelve of them, and to buy by three of them.
The information that Bloomberg provided indicates that the company is currently given a recommendation of “Hold” and has a price objective of $66.50.
Recently, several institutional investors and hedge funds altered the positions that they had previously held in D.C.-based companies. JNBA Financial Advisors increased the percentage of Dominion Energy shares it owned by an impressive 85.0 percent during the third quarter.
As a result of the purchase of 170 additional shares over the past three months, JNBA Financial Advisors now directly own 370 shares of the utility’s stock, which has a value of $26,000.
These 370 shares are valued at a total of $26,000. Covestor Ltd increased the proportion of Dominion Energy stock it owned by 49.8 percentage points over the first three months of this year. Covestor Ltd now owns 394 shares of the utility provider’s stock, valued at $34,000, thanks to the fact that it made an additional purchase of 131 shares during the most recent quarter.
A further approximately $33,000 was invested by Syverson Strege & Co in Dominion Energy during the second quarter, thereby increasing the firm’s ownership percentage. Retirement Financial Solutions LLC bought one additional position of Dominion Energy stock during the last quarter of 2018, bringing the total value of the company’s investment in the company’s stock to approximately $29,000.
Lastly, during the fourth quarter of the year, AXS Investments LLC added a new investment to its Dominion Energy holdings.
The value of this new investment was approximately $30,000, and it was purchased with company funds.
To the tune of 70.30 percent of the company’s shares, hedge funds, and other institutional investors are the owners.
Dominion Energy, INC is in charge of generating and distributing the nation’s electrical supply.
The company is broken up into its primary operational divisions as Gas Distribution, Dominion Energy Virginia, Dominion Energy South Carolina, Contracted Assets, national divisions as Gas Distribution, Dominion Energy Virginia, Dominion Energy South Carolina, Contracted Assets, Corporate, and Other.
The corporation, service businesses, non-controlling interest in the privatization of Dominion, and non-regulated retail energy marketing operations are the primary focuses of the corporate and other sectors, res.