Dominion Energy (NYSE:D) Price Target Raised to $64.00 at Barclays

Dominion Energy (NYSE:D) had its target price boosted by Barclays from $63.00 to $64.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

Several other equities analysts have also recently commented on D. BMO Capital Markets reduced their price objective on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. JPMorgan Chase & Co. reduced their price target on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research report on Thursday, December 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 price target on shares of Dominion Energy in a report on Tuesday, October 28th. Wells Fargo & Company started coverage on Dominion Energy in a research note on Tuesday, October 28th. They set an “overweight” rating and a $67.00 price objective for the company. Finally, Evercore ISI started coverage on Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price for the company. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $64.75.

Dominion Energy Stock Performance

NYSE:D opened at $60.12 on Wednesday. The business’s fifty day moving average is $60.43 and its 200 day moving average is $59.28. The firm has a market cap of $51.34 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.70 and a beta of 0.70. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84. Dominion Energy has a 52-week low of $48.07 and a 52-week high of $62.87.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.02 by $0.04. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter last year, the company earned $0.98 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Research analysts predict that Dominion Energy will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.67 annualized dividend and a yield of 4.4%. Dominion Energy’s payout ratio is 90.82%.

Hedge Funds Weigh In On Dominion Energy

Large investors have recently modified their holdings of the company. Brighton Jones LLC grew its position in Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after acquiring an additional 3,553 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Dominion Energy by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,270,565 shares of the utilities provider’s stock valued at $127,290,000 after purchasing an additional 80,428 shares in the last quarter. Ethic Inc. boosted its stake in shares of Dominion Energy by 34.2% in the 1st quarter. Ethic Inc. now owns 12,326 shares of the utilities provider’s stock valued at $693,000 after purchasing an additional 3,142 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Dominion Energy by 4.4% during the 1st quarter. Northern Trust Corp now owns 9,730,351 shares of the utilities provider’s stock valued at $545,581,000 after purchasing an additional 414,360 shares during the last quarter. Finally, Aptus Capital Advisors LLC raised its position in Dominion Energy by 54.3% in the 1st quarter. Aptus Capital Advisors LLC now owns 19,393 shares of the utilities provider’s stock worth $1,087,000 after purchasing an additional 6,823 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

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.