Dominion Energy Inc. (NYSE:D) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Dominion Energy Inc. (NYSE:D) have been assigned an average recommendation of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $64.75.

A number of equities analysts have recently commented on D shares. BTIG Research started coverage on shares of Dominion Energy in a research report on Wednesday, October 22nd. They set a “neutral” rating on the stock. Evercore ISI began coverage on Dominion Energy in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price objective on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $70.00 target price on shares of Dominion Energy in a research report on Tuesday, October 28th. BMO Capital Markets lowered their target price on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Finally, Morgan Stanley increased their price target on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd.

Dominion Energy Stock Performance

D stock opened at $60.08 on Friday. Dominion Energy has a twelve month low of $48.07 and a twelve month high of $62.87. The firm has a market cap of $51.31 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.72 and a beta of 0.70. The business’s fifty day simple moving average is $60.43 and its two-hundred day simple moving average is $59.28. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Analysts predict that Dominion Energy will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, December 5th. Dominion Energy’s dividend payout ratio is presently 90.82%.

Institutional Investors Weigh In On Dominion Energy

Several hedge funds have recently modified their holdings of D. Vanguard Group Inc. increased its holdings in Dominion Energy by 16.2% during the second quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock valued at $5,979,551,000 after buying an additional 14,715,895 shares during the period. Capital Research Global Investors boosted its position in Dominion Energy by 22.4% during the 3rd quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock valued at $3,355,175,000 after acquiring an additional 10,049,691 shares in the last quarter. Norges Bank bought a new stake in Dominion Energy during the 2nd quarter valued at $566,924,000. Mizuho Markets Americas LLC increased its holdings in shares of Dominion Energy by 139.3% in the 3rd quarter. Mizuho Markets Americas LLC now owns 867,500 shares of the utilities provider’s stock valued at $53,065,000 after acquiring an additional 3,073,835 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Dominion Energy by 19.4% in the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock worth $994,917,000 after acquiring an additional 2,882,252 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.