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

Dominion Energy Inc. (NYSE:D) has received a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $69.7857.

A number of brokerages have issued reports on D. Weiss Ratings reissued a “buy (b)” rating on shares of Dominion Energy in a research note on Wednesday, August 19th. Truist Financial dropped their price target on shares of Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. Barclays cut their price objective on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. TD Cowen raised Dominion Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $69.00 to $80.00 in a research report on Wednesday, August 19th. Finally, Morgan Stanley dropped their target price on Dominion Energy from $68.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Friday.

Institutional Trading of Dominion Energy

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Dominion Energy during the 2nd quarter valued at $4,986,439,000. Capital Research Global Investors boosted its holdings in Dominion Energy by 9.0% in the fourth quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock worth $3,503,142,000 after purchasing an additional 4,940,692 shares in the last quarter. Geode Capital Management LLC increased its position in Dominion Energy by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 20,442,935 shares of the utilities provider’s stock worth $1,196,056,000 after buying an additional 314,932 shares during the last quarter. Bank of America Corp DE increased its position in Dominion Energy by 15.7% during the first quarter. Bank of America Corp DE now owns 15,930,241 shares of the utilities provider’s stock worth $984,808,000 after buying an additional 2,164,951 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Dominion Energy by 5.5% during the fourth quarter. Bank of New York Mellon Corp now owns 12,874,007 shares of the utilities provider’s stock valued at $754,288,000 after buying an additional 674,782 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Down 1.2%

Shares of Dominion Energy stock opened at $62.83 on Tuesday. Dominion Energy has a 1 year low of $55.85 and a 1 year high of $72.99. The company has a market cap of $55.26 billion, a P/E ratio of 21.89, a P/E/G ratio of 2.96 and a beta of 0.64. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. The stock has a 50-day moving average price of $67.67 and a 200 day moving average price of $65.86.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, analysts expect that Dominion Energy will post 3.57 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 20th. Investors of record on Friday, September 4th were issued a $0.6675 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a yield of 4.2%. Dominion Energy’s dividend payout ratio is currently 93.03%.

Dominion Energy Company Profile

Dominion Energy, Inc is a regulated energy company headquartered in Richmond, Virginia. Through its utility operations, the company generates, transmits and distributes electricity and provides natural gas service to residential, commercial and industrial customers, primarily in Virginia and South Carolina.

The company’s electric generation portfolio includes nuclear, natural gas, renewable energy and hydroelectric resources. Dominion Energy also operates electric transmission and distribution networks, natural gas distribution systems and related energy infrastructure.