Dominion Energy (NYSE:D) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Dominion Energy (NYSE:D) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $67.00 price objective on the utilities provider’s stock.

Several other equities research analysts have also recently commented on D. Barclays raised their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Morgan Stanley raised their target price on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research report on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 target price on shares of Dominion Energy in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $63.78.

Dominion Energy Price Performance

D opened at $59.69 on Tuesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. Dominion Energy has a 52-week low of $48.07 and a 52-week high of $62.52. The stock has a market capitalization of $50.94 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 2.20 and a beta of 0.62. The stock’s 50 day moving average price is $60.37 and its 200-day moving average price is $57.88.

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

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s dividend payout ratio (DPR) is 92.07%.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the transaction, the chief executive officer directly owned 161,237 shares in the company, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of D. CoreFirst Bank & Trust purchased a new position in Dominion Energy during the 2nd quarter valued at about $25,000. AlphaQuest LLC bought a new stake in Dominion Energy during the 1st quarter valued at about $27,000. Westside Investment Management Inc. increased its stake in Dominion Energy by 123.3% during the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 259 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in Dominion Energy during the 1st quarter valued at about $28,000. Finally, Dagco Inc. bought a new stake in Dominion Energy during the 1st quarter valued at about $31,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

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.