Barclays Issues Pessimistic Forecast for Dominion Energy (NYSE:D) Stock Price

Dominion Energy (NYSE:D) had its target price cut by Barclays from $69.00 to $65.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price objective would suggest a potential upside of 4.53% from the stock’s previous close.

Several other research analysts have also commented on D. Scotiabank reduced their price target on Dominion Energy from $67.00 to $63.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 30th. Weiss Ratings cut shares of Dominion Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Evercore upped their price objective on shares of Dominion Energy from $67.00 to $70.00 in a report on Thursday, October 8th. Truist Financial cut their price objective on shares of Dominion Energy from $66.00 to $62.00 and set a “hold” rating for the company in a research report on Monday, October 12th. Finally, BMO Capital Markets lifted their target price on shares of Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average target price of $69.60.

Dominion Energy Price Performance

Shares of NYSE:D traded down $1.38 during midday trading on Monday, hitting $62.19. The company had a trading volume of 1,728,657 shares, compared to its average volume of 5,514,798. Dominion Energy has a twelve month low of $55.85 and a twelve month high of $72.99. The stock has a market cap of $54.69 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.95 and a beta of 0.64. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. The business’s 50-day simple moving average is $64.47 and its 200-day simple moving average is $65.82.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, research analysts predict that Dominion Energy will post 3.59 earnings per share for the current year.

Institutional Investors Weigh In On Dominion Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Dominion Energy during the 2nd quarter worth about $4,986,439,000. State Street Corp raised its holdings in Dominion Energy by 3.5% in the 2nd quarter. State Street Corp now owns 50,917,469 shares of the utilities provider’s stock valued at $3,477,154,000 after buying an additional 1,704,954 shares during the period. Bank of America Corp DE raised its holdings in Dominion Energy by 15.7% in the 1st quarter. Bank of America Corp DE now owns 15,930,241 shares of the utilities provider’s stock valued at $984,808,000 after buying an additional 2,164,951 shares during the period. Bank of New York Mellon Corp acquired a new position in Dominion Energy in the second quarter valued at about $697,388,000. Finally, London Co. of Virginia lifted its position in Dominion Energy by 45.3% in the first quarter. London Co. of Virginia now owns 6,943,525 shares of the utilities provider’s stock valued at $429,250,000 after buying an additional 2,165,195 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

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 distribution services to residential, commercial, industrial and governmental customers, primarily in Virginia and South Carolina.

The company operates a diversified power-generation portfolio that includes nuclear, natural gas, renewable energy and other resources. Its activities also include electricity transmission infrastructure, renewable energy development and natural gas utility operations.