Dominion Energy Inc. (NYSE:D) Receives Average Rating of “Hold” from Analysts

Dominion Energy Inc. (NYSE:D) has received an average recommendation of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $64.50.

Several brokerages recently issued reports on D. Wells Fargo & Company decreased their price target on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. TD Cowen assumed coverage on Dominion Energy in a research report on Friday, January 9th. They issued a “hold” rating and a $65.00 price objective on the stock. JPMorgan Chase & Co. dropped their price target on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a report on Thursday, December 11th. Weiss Ratings raised Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Finally, BMO Capital Markets cut their price target on 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.

Dominion Energy Price Performance

D opened at $63.34 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.65 and a current ratio of 0.77. The stock’s 50 day moving average price is $61.10 and its 200-day moving average price is $60.64. The stock has a market capitalization of $55.66 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.72 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 posted its earnings results on Monday, February 23rd. The utilities provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. Dominion Energy had a net margin of 18.05% and a return on equity of 9.67%. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period last year, the company posted $0.58 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 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 announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 27th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, February 27th. Dominion Energy’s payout ratio is 90.82%.

Institutional Investors Weigh In On Dominion Energy

Hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. boosted its position in shares of Dominion Energy by 6.9% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 186,885 shares of the utilities provider’s stock valued at $10,563,000 after acquiring an additional 12,041 shares during the last quarter. Kera Capital Partners Inc. purchased a new stake in Dominion Energy during the third quarter valued at $3,574,000. Vanguard Group Inc. lifted its position in Dominion Energy by 16.2% during the second quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock valued at $5,979,551,000 after purchasing an additional 14,715,895 shares during the last quarter. Bryn Mawr Trust Advisors LLC lifted its position in Dominion Energy by 19.0% during the second quarter. Bryn Mawr Trust Advisors LLC now owns 104,710 shares of the utilities provider’s stock valued at $5,918,000 after purchasing an additional 16,731 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of Dominion Energy in the 2nd quarter worth $240,000. Institutional investors 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.