Dominion Energy Inc. (NYSE:D) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Dominion Energy Inc. (NYSE:D) have earned an average recommendation of “Hold” from the fifteen research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $69.7857.

Several research firms have weighed in on D. BMO Capital Markets boosted their target price on shares of Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. UBS Group set a $80.00 price target on shares of Dominion Energy in a research report on Wednesday, August 19th. Truist Financial decreased their price target on shares of Dominion Energy from $68.00 to $66.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dominion Energy in a research report on Wednesday, August 19th. Finally, Barclays dropped their price objective on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 23rd.

Dominion Energy Price Performance

Shares of D stock opened at $63.61 on Tuesday. The firm has a market cap of $55.95 billion, a P/E ratio of 22.17, a P/E/G ratio of 2.96 and a beta of 0.64. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. Dominion Energy has a 1-year low of $55.85 and a 1-year high of $72.99. The firm has a fifty day moving average of $67.83 and a two-hundred day moving average of $65.84.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same period in the previous year, the company earned $0.75 earnings per share. Dominion Energy’s quarterly revenue was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, research analysts anticipate that Dominion Energy will post 3.57 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 annualized dividend and a dividend yield of 4.2%. Dominion Energy’s dividend payout ratio is 93.03%.

Institutional Trading of Dominion Energy

Hedge funds have recently made changes to their positions in the stock. Cornerstone Planning LLC grew its stake in Dominion Energy by 0.9% during the 2nd quarter. Cornerstone Planning LLC now owns 17,280 shares of the utilities provider’s stock worth $1,180,000 after buying an additional 157 shares during the last quarter. Arlington Trust Co LLC increased its position in Dominion Energy by 47.1% in the second quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider’s stock worth $34,000 after buying an additional 160 shares during the period. Navalign LLC lifted its stake in Dominion Energy by 1.2% in the first quarter. Navalign LLC now owns 14,229 shares of the utilities provider’s stock valued at $880,000 after buying an additional 162 shares during the last quarter. Premier Path Wealth Partners LLC lifted its stake in Dominion Energy by 1.7% in the second quarter. Premier Path Wealth Partners LLC now owns 9,795 shares of the utilities provider’s stock valued at $669,000 after buying an additional 168 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC boosted its holdings in shares of Dominion Energy by 4.1% during the second quarter. Turtle Creek Wealth Advisors LLC now owns 4,648 shares of the utilities provider’s stock valued at $317,000 after acquiring an additional 184 shares during the period. Institutional investors own 73.04% of the company’s stock.

About Dominion Energy

Dominion Energy, Inc is a regulated energy company headquartered in Richmond, Virginia. Through its utility operations, the company generates, transmits and distributes electricity and provides natural gas service to residential, commercial and industrial customers, primarily in Virginia and South Carolina.

The company’s electric generation portfolio includes nuclear, natural gas, renewable energy and hydroelectric resources. Dominion Energy also operates electric transmission and distribution networks, natural gas distribution systems and related energy infrastructure.