Dominion Energy (NYSE:D) Given New $64.00 Price Target at Wells Fargo & Company

Dominion Energy (NYSE:D) had its target price lowered by Wells Fargo & Company from $67.00 to $64.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

D has been the subject of several other research reports. BMO Capital Markets reduced their target price 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. BTIG Research assumed coverage on shares of Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating for the company. Evercore ISI assumed coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a report on Monday, December 29th. Finally, TD Cowen began coverage on Dominion Energy in a research note on Friday, January 9th. They set a “hold” rating and a $65.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $64.44.

Dominion Energy Price Performance

Dominion Energy stock opened at $61.08 on Tuesday. The business’s 50 day simple moving average is $59.75 and its 200 day simple moving average is $59.85. Dominion Energy has a 12 month low of $48.07 and a 12 month high of $62.87. The company has a market cap of $52.16 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.66 and a beta of 0.72. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41.

Dominion Energy (NYSE:D) last released its earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the business posted $0.98 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Sell-side analysts forecast that Dominion Energy will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, December 20th. Investors of record on Friday, December 5th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy’s dividend payout ratio is 90.82%.

Institutional Trading of Dominion Energy

A number of hedge funds have recently bought and sold shares of the company. CoreFirst Bank & Trust purchased a new position in shares of Dominion Energy during the 2nd quarter valued at about $25,000. Triumph Capital Management bought a new stake in Dominion Energy during the 3rd quarter worth approximately $28,000. Westside Investment Management Inc. lifted its holdings in Dominion Energy by 123.3% during the second 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. United Community Bank purchased a new position in Dominion Energy during the third quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC bought a new position in shares of Dominion Energy in the third quarter worth approximately $30,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Trending Headlines about Dominion Energy

Here are the key news stories impacting Dominion Energy this week:

• Positive Sentiment: Court rulings allow Dominion to press ahead with the ~$11B Coastal Virginia Offshore Wind project, clearing a federal pause and enabling construction/work to resume — reduces legal uncertainty and preserves long‑term renewable revenue. ENR: $11B Virginia Offshore Wind Project
• Positive Sentiment: Multiple reports confirm work has resumed on the CVOW after court orders ended the federal pause — near‑term progress reduces schedule and financing risk versus prolonged litigation. Yahoo: Work resumes on CVOW
• Neutral Sentiment: Wells Fargo trimmed its price target from $67 to $64 but kept an Overweight rating — signals slightly reduced upside expectations while retaining conviction in the name. Benzinga: Wells Fargo price target change
• Neutral Sentiment: Dominion is taking operational steps ahead of potential winter weather in Hampton Roads and testing infrastructure (e.g., Lake Murray dam sirens) — shows preparedness but minimal near‑term financial impact. Yahoo: Prepares for winter weather
• Neutral Sentiment: Corporate / community activity: Dominion Energy Charitable Foundation opened its spring grant cycle — positive for corporate goodwill but immaterial to earnings. Yahoo Finance: Charitable foundation grants
• Negative Sentiment: Customer/regulatory pressure: Coverage highlights Virginia customers facing high electric bills and Dominion’s public explanation — raises political/regulatory scrutiny risk that could lead to rate reviews or reputational damage. Yahoo: Reasoning for high electric bills
• Negative Sentiment: Policy opposition: Solar advocates are pushing back against Dominion’s net‑metering proposal — regulatory pushback could limit earnings from distributed generation strategies or force concessions. MSN: Solar advocates vs. net metering proposal

Dominion Energy Company Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.