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

Dominion Energy Inc. (NYSE:D) has received an average rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $59.5714.

Several research analysts recently commented on D shares. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a report on Thursday, August 21st. Morgan Stanley dropped their target price on shares of Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 18th.

Dominion Energy Stock Down 0.2%

Dominion Energy stock opened at $58.79 on Friday. The company has a market capitalization of $50.18 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.28 and a beta of 0.60. The firm’s fifty day simple moving average is $59.14 and its 200-day simple moving average is $56.32. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. Dominion Energy has a 1-year low of $48.07 and a 1-year high of $62.46.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Sell-side analysts forecast that Dominion Energy will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, September 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.5%. Dominion Energy’s payout ratio is presently 92.07%.

Insider Activity

In related news, CEO Robert M. Blue acquired 4,152 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were bought at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the acquisition, the chief executive officer owned 161,237 shares in the company, valued at $9,730,652.95. This trade represents a 2.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.

Institutional Trading of Dominion Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in D. Sowell Financial Services LLC acquired a new position in Dominion Energy in the first quarter valued at about $314,000. QRG Capital Management Inc. boosted its position in Dominion Energy by 13.8% in the first quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider’s stock valued at $503,000 after buying an additional 1,087 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Dominion Energy by 114.8% in the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider’s stock valued at $680,000 after buying an additional 6,462 shares in the last quarter. Bessemer Group Inc. boosted its position in Dominion Energy by 7.0% in the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock valued at $527,000 after buying an additional 616 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its position in Dominion Energy by 222.7% in the first quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider’s stock valued at $51,000 after buying an additional 628 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

About Dominion Energy

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.