Dominion Energy (NYSE:D) Reaches New 12-Month High – What’s Next?

Dominion Energy Inc. (NYSE:D) reached a new 52-week high on Tuesday . The company traded as high as $70.37 and last traded at $70.0410, with a volume of 184136 shares. The stock had previously closed at $69.26.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on D shares. Barclays decreased their price objective on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 23rd. Weiss Ratings upgraded shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Wells Fargo & Company upped their target price on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Royal Bank Of Canada raised their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Finally, Truist Financial cut their price objective on shares of Dominion Energy from $67.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $67.62.

Dominion Energy Price Performance

The company has a 50 day moving average of $66.62 and a 200 day moving average of $63.40. The stock has a market capitalization of $61.47 billion, a price-to-earnings ratio of 20.68 and a beta of 0.65. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.43 billion. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period last year, the company earned $0.93 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities research analysts forecast that Dominion Energy Inc. will post 3.59 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 20th. Investors of record on Friday, May 29th were given a $0.6675 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 3.8%. Dominion Energy’s dividend payout ratio (DPR) is currently 78.99%.

Hedge Funds Weigh In On Dominion Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWA Asset Management Group LLC lifted its stake in shares of Dominion Energy by 192.1% in the 4th quarter. CWA Asset Management Group LLC now owns 37,068 shares of the utilities provider’s stock valued at $2,172,000 after purchasing an additional 24,376 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Dominion Energy by 4.4% during the 3rd quarter. Wellington Management Group LLP now owns 30,746,146 shares of the utilities provider’s stock worth $1,880,742,000 after purchasing an additional 1,298,881 shares during the period. SageView Advisory Group LLC increased its position in Dominion Energy by 100.8% during the 3rd quarter. SageView Advisory Group LLC now owns 56,167 shares of the utilities provider’s stock worth $3,436,000 after purchasing an additional 28,199 shares in the last quarter. North Dakota State Investment Board acquired a new stake in Dominion Energy during the 4th quarter worth approximately $1,715,000. Finally, Exchange Traded Concepts LLC raised its holdings in Dominion Energy by 16.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 302,366 shares of the utilities provider’s stock valued at $17,716,000 after buying an additional 42,094 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Company Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.