Dominion Energy Inc. (NYSE:D) Given Average Recommendation of “Hold” by Brokerages

Shares of Dominion Energy Inc. (NYSE:D) have been given an average recommendation of “Hold” by the fifteen analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $66.3077.

D has been the subject of several recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dominion Energy in a report on Friday, May 8th. Bank of America lifted their target price on shares of Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Wall Street Zen lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday. Mizuho lifted their target price on shares of Dominion Energy from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Finally, Morgan Stanley cut their target price on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st.

Institutional Investors Weigh In On Dominion Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AustralianSuper Pty Ltd increased its holdings in Dominion Energy by 1,785.9% in the 3rd quarter. AustralianSuper Pty Ltd now owns 519,100 shares of the utilities provider’s stock worth $31,753,000 after acquiring an additional 491,574 shares in the last quarter. Kera Capital Partners Inc. purchased a new stake in shares of Dominion Energy during the third quarter worth $3,574,000. Vanguard Group Inc. grew its holdings in shares of Dominion Energy by 0.3% during the third quarter. Vanguard Group Inc. now owns 106,158,920 shares of the utilities provider’s stock worth $6,493,741,000 after buying an additional 363,610 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its holdings in shares of Dominion Energy by 84,502.3% during the third quarter. ANTIPODES PARTNERS Ltd now owns 1,735,194 shares of the utilities provider’s stock worth $106,150,000 after buying an additional 1,733,143 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in shares of Dominion Energy by 36.7% during the third quarter. Citigroup Inc. now owns 2,422,315 shares of the utilities provider’s stock worth $148,173,000 after buying an additional 649,989 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE:D opened at $61.83 on Wednesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61. The firm has a market cap of $54.37 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 3.25 and a beta of 0.65. The company has a 50 day moving average price of $62.34 and a 200-day moving average price of $61.35. Dominion Energy has a 1-year low of $53.36 and a 1-year high of $67.57.

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. The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.43 billion. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities research analysts forecast that Dominion Energy will post 3.59 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 20th. Investors of record on Friday, May 29th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, May 29th. Dominion Energy’s payout ratio is presently 78.99%.

More Dominion Energy News

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

• Positive Sentiment: A potential acquisition by NextEra at around $76 per share could represent a sizable takeover premium for Dominion Energy shareholders, supporting sentiment around the stock. NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
• Positive Sentiment: Reports that NextEra is considering Dominion as part of a strategy to expand into power demand tied to data centers may increase takeover interest and strategic value. NextEra Is In Talks to Buy Dominion, Report Says. What a Deal Could Mean.
• Neutral Sentiment: Separately, Dominion-backed legislation in Virginia has been signed into law, leaving the company’s regulatory path and next steps in focus. Virginia Governor Signs Dominion-Backed Bills. All Eyes on Regulators Now.
• Negative Sentiment: Dominion was also hit with a downgrade to “Sell,” which can add pressure to the shares if investors grow more cautious on the utility sector. Dominion Energy (NYSE:D) Downgraded to “Sell” Rating by Wall Street Zen

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.