Barclays Forecasts Strong Price Appreciation for Dominion Energy (NYSE:D) Stock

Dominion Energy (NYSE:D) had its price objective hoisted by research analysts at Barclays from $63.00 to $66.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price objective would suggest a potential upside of 2.90% from the stock’s previous close.

Several other brokerages have also issued reports on D. Scotiabank lifted their target price on shares of Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. TD Cowen initiated coverage on Dominion Energy in a report on Friday, January 9th. They issued a “hold” rating and a $65.00 price objective on the stock. Weiss Ratings raised Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Mizuho lifted their price target on Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Finally, Wells Fargo & Company reduced their price objective on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $65.50.

Dominion Energy Stock Up 1.5%

Dominion Energy stock opened at $64.14 on Wednesday. The business’s 50-day moving average price is $62.82 and its 200 day moving average price is $61.07. 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 $56.38 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 1.71 and a beta of 0.67. Dominion Energy has a 52 week low of $50.78 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. Dominion Energy had a net margin of 18.05% and a return on equity of 9.67%. The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the company earned $0.58 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. 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 Investors Weigh In On Dominion Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CoreFirst Bank & Trust purchased a new position in Dominion Energy during the second quarter worth approximately $25,000. Motiv8 Investments LLC purchased a new stake in Dominion Energy in the 4th quarter valued at $25,000. Triumph Capital Management acquired a new stake in shares of Dominion Energy in the 3rd quarter worth $28,000. Blueline Advisors LLC acquired a new stake in shares of Dominion Energy in the 4th quarter worth $28,000. Finally, United Community Bank purchased a new position in shares of Dominion Energy during the 3rd quarter worth $29,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

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.