Dominion Energy (NYSE:D) Given New $70.00 Price Target at BMO Capital Markets

Dominion Energy (NYSE:D) had its price objective increased by BMO Capital Markets from $64.00 to $70.00 in a research report sent to investors on Wednesday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the utilities provider’s stock.

A number of other research firms have also recently commented on D. Seaport Research Partners cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Royal Bank Of Canada boosted their price objective on Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $65.00 to $76.00 in a report on Thursday, May 28th. Wall Street Zen downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Truist Financial cut their price target on shares of Dominion Energy from $67.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $68.00.

Dominion Energy Price Performance

Dominion Energy stock opened at $71.09 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. The company has a 50-day moving average price of $68.22 and a 200 day moving average price of $64.25. Dominion Energy has a 12-month low of $55.85 and a 12-month high of $72.99. The stock has a market cap of $62.53 billion, a P/E ratio of 21.03 and a beta of 0.65.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same period in the previous year, the business posted $0.93 EPS. Dominion Energy’s revenue was up 23.1% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Sell-side analysts anticipate that Dominion Energy will post 3.58 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, June 20th. Shareholders of record on Friday, May 29th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 3.8%. The ex-dividend date was Friday, May 29th. Dominion Energy’s payout ratio is 78.99%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Motiv8 Investments LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth about $25,000. Blueline Advisors LLC acquired a new position in Dominion Energy in the 4th quarter valued at about $28,000. Triumph Capital Management acquired a new position in Dominion Energy in the 3rd quarter valued at about $28,000. Costello Asset Management INC raised its stake in Dominion Energy by 66.7% during the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Finally, Advocate Investing Services LLC acquired a new stake in Dominion Energy during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy News Summary

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

• Positive Sentiment: BMO Capital Markets raised its price target on Dominion Energy from $64 to $70, signaling improved valuation expectations and helping support the stock. Benzinga
• Positive Sentiment: Dominion reported record-high demand on its power grid, which points to strong customer usage and potentially better near-term revenue trends. Dominion Energy reports record high demand on power grid
• Positive Sentiment: Market commentary noted Dominion shares advancing while the broader market dipped, suggesting relative strength in the utility name. Dominion Energy (D) Rises As Market Takes a Dip: Key Facts
• Neutral Sentiment: Virginia regulators rejected a last-minute bid to pause Dominion power line work in Loudoun County, removing one procedural hurdle but leaving the broader project debate unresolved. Virginia regulators reject last-minute bid to pause Dominion power lines through Loudoun neighborhood
• Neutral Sentiment: Lawmakers are pushing for a special session to debate the Dominion-NextEra merger, which keeps deal speculation alive but does not yet change fundamentals. Lawmakers call for special session to debate Dominion-NextEra merger
• Negative Sentiment: A Virginia nonprofit said the proposed Dominion merger lacks critical details, reflecting ongoing skepticism that could weigh on sentiment around the company. Virginia nonprofit says proposed Dominion Energy merger lacks critical details
• Negative Sentiment: Reports of outages affecting thousands of customers and complaints over tree trimming may reinforce concerns about service reliability and local opposition to Dominion’s operations. Tree limb causes power outage for over 4,200 in Isle of Wight, says Dominion Energy

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.