Shares of Dominion Energy Inc. (NYSE:D – Get Free Report) have been assigned a consensus rating of “Hold” from the fourteen analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $69.33.
D has been the topic of several research analyst reports. Truist Financial lowered their price target on shares of Dominion Energy from $66.00 to $62.00 and set a “hold” rating on the stock in a report on Monday, October 12th. BMO Capital Markets upped their price target on Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. TD Cowen upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $69.00 to $80.00 in a report on Wednesday, August 19th. Barclays cut their price target on shares of Dominion Energy from $69.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Finally, Jefferies Financial Group reduced their price objective on shares of Dominion Energy from $79.00 to $71.00 and set a “buy” rating for the company in a research note on Monday, September 21st.
Read Our Latest Research Report on D
Dominion Energy Trading Down 1.5%
Shares of NYSE:D opened at $68.58 on Wednesday. The company has a 50 day moving average price of $63.95 and a 200 day moving average price of $64.98. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.64 and a current ratio of 0.88. The stock has a market capitalization of $60.32 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 3.14 and a beta of 0.62. Dominion Energy has a 1-year low of $55.85 and a 1-year high of $72.99.
Dominion Energy (NYSE:D – Get Free Report) last released its earnings results on Friday, October 30th. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. The firm had revenue of $5.62 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Dominion Energy had a return on equity of 10.09% and a net margin of 13.99%. The business’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.06 earnings per share. On average, research analysts anticipate that Dominion Energy will post 3.59 EPS for the current fiscal year.
Dominion Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Sunday, December 20th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, December 4th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.9%. Dominion Energy’s dividend payout ratio is presently 88.70%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aberdeen Group plc increased its position in shares of Dominion Energy by 4.7% in the 3rd quarter. Aberdeen Group plc now owns 276,025 shares of the utilities provider’s stock valued at $16,705,000 after buying an additional 12,298 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in shares of Dominion Energy by 6.9% in the 3rd quarter. Valmark Advisers Inc. now owns 24,264 shares of the utilities provider’s stock valued at $1,468,000 after buying an additional 1,570 shares during the period. Allworth Financial LP increased its holdings in Dominion Energy by 6.3% during the 3rd quarter. Allworth Financial LP now owns 31,922 shares of the utilities provider’s stock worth $1,932,000 after purchasing an additional 1,884 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Dominion Energy by 17.0% during the third quarter. Fisher Asset Management LLC now owns 16,819 shares of the utilities provider’s stock valued at $1,018,000 after acquiring an additional 2,438 shares during the last quarter. Finally, PBU The Pension Fund of Early Childhood & Youth Educators lifted its position in Dominion Energy by 8.9% in the 3rd quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 375,831 shares of the utilities provider’s stock valued at $22,745,000 after purchasing an additional 30,721 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.
Trending Headlines about Dominion Energy
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Dominion and NextEra have offered additional customer protections as Virginia’s review advances. The concessions could help move the merger forward, though approval is not assured. NextEra, Dominion strengthen proposed merger with additional customer protections
- Positive Sentiment: Loudoun County approved a Dominion substation despite lingering concerns, supporting the company’s ability to expand infrastructure for growing electricity demand, including from data centers. Loudoun approves Dominion substation despite lingering concerns
- Positive Sentiment: Recent offshore-wind progress and increased contracted data-center capacity could support future earnings and cash flows. Dominion’s strong three-year share-price performance, however, raises the bar for continued earnings growth. Dominion Energy (D) Stock Looks In Line Following Offshore Wind Progress
- Neutral Sentiment: Public hearings on the merger are underway, with debate focused on customer costs and protections. The outcome may affect both the transaction’s prospects and the regulatory framework for utilities serving fast-growing power demand. Packed SCC hearing draws strong opinions over proposed Energy merger
- Negative Sentiment: Dominion and NextEra accepted some proposed merger protections but rejected a rate and staffing freeze. That stance could fuel opposition and leave uncertainty over whether regulators will approve the deal and on what terms. Dominion-NextEra accept some proposed protections in Va. merger case, rejects rate and staffing freeze
- Negative Sentiment: Families are pushing back against a proposed Dominion transmission-line project, creating potential permitting or construction delays for planned infrastructure. Families push back against proposed Dominion Energy Transmission Line Project
About Dominion Energy
Dominion Energy, Inc (NYSE: D) is an energy company focused primarily on regulated electric and natural gas utility services. Its businesses generate, transmit and distribute electricity and deliver natural gas to residential, commercial and industrial customers.
The company’s electric utility operations serve customers in Virginia and northeastern North Carolina, as well as parts of South Carolina through Dominion Energy South Carolina. Its power portfolio includes nuclear, natural gas, solar and other energy sources.
Dominion traces its roots to 1909 and adopted the Dominion Energy name in 2017.
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