Scotiabank Raises Dominion Energy (NYSE:D) Price Target to $67.00

Dominion Energy (NYSE:D) had its price target hoisted by equities researchers at Scotiabank from $63.00 to $67.00 in a report issued on Monday,Benzinga reports. The firm presently has a “sector perform” rating on the utilities provider’s stock. Scotiabank’s price target points to a potential upside of 6.70% from the company’s current price.

A number of other brokerages also recently weighed in on D. Weiss Ratings upgraded shares of Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. cut their price target on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research note on Thursday, December 11th. Mizuho increased their price target on Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Wells Fargo & Company dropped their price objective on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. 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 target price for the company. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $64.73.

Dominion Energy Stock Down 0.4%

Dominion Energy stock opened at $62.79 on Monday. The business’s 50-day moving average price is $61.38 and its 200 day moving average price is $60.66. The company has a quick ratio of 0.59, a current ratio of 0.77 and a debt-to-equity ratio of 1.36. The firm has a market cap of $55.18 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 1.71 and a beta of 0.71. Dominion Energy has a 52 week low of $48.07 and a 52 week high of $67.57.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Monday, February 23rd. The utilities provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.65 billion. Dominion Energy had a return on equity of 9.67% and a net margin of 18.05%.The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, sell-side analysts anticipate that Dominion Energy will post 3.39 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Dominion Energy by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider’s stock valued at $6,274,975,000 after purchasing an additional 940,838 shares during the last quarter. Capital Research Global Investors grew its stake in Dominion Energy by 9.0% in the 4th quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock valued at $3,503,142,000 after acquiring an additional 4,940,692 shares during the last quarter. State Street Corp increased its holdings in Dominion Energy by 3.6% during the 4th quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock valued at $2,848,662,000 after acquiring an additional 1,686,050 shares in the last quarter. Wellington Management Group LLP raised its position in Dominion Energy by 46.2% during the fourth quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock worth $2,633,253,000 after acquiring an additional 14,197,581 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Dominion Energy by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 20,442,935 shares of the utilities provider’s stock valued at $1,196,056,000 after purchasing an additional 314,932 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

About Dominion Energy

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.