Truist Financial Lowers Dominion Energy (NYSE:D) Price Target to $66.00

Dominion Energy (NYSE:D) had its price target dropped by equities researchers at Truist Financial from $67.00 to $66.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the utilities provider’s stock. Truist Financial’s price target indicates a potential downside of 1.42% from the stock’s current price.

A number of other analysts also recently issued reports on D. Royal Bank Of Canada lifted their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Morgan Stanley lowered their price objective on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Wall Street Zen downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Mizuho lifted their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Barclays lifted their price objective on shares of Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.69.

Dominion Energy Stock Down 0.6%

NYSE:D traded down $0.43 on Friday, hitting $66.95. The stock had a trading volume of 3,382,993 shares, compared to its average volume of 5,955,739. The firm’s fifty day simple moving average is $63.19 and its two-hundred day simple moving average is $61.86. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78. Dominion Energy has a 1 year low of $53.36 and a 1 year high of $68.97. The stock has a market cap of $58.88 billion, a P/E ratio of 19.81 and a beta of 0.65.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. The company 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%. Dominion Energy’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Analysts predict that Dominion Energy will post 3.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Analysts LLC increased its position in Dominion Energy by 2.4% in the fourth quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider’s stock worth $390,000 after buying an additional 157 shares during the last quarter. Navalign LLC grew its stake in shares of Dominion Energy by 1.2% in the 1st quarter. Navalign LLC now owns 14,229 shares of the utilities provider’s stock worth $880,000 after buying an additional 162 shares during the last quarter. Conning Inc. grew its stake in shares of Dominion Energy by 0.5% in the 4th quarter. Conning Inc. now owns 33,217 shares of the utilities provider’s stock worth $1,946,000 after buying an additional 176 shares during the last quarter. Castle Rock Wealth Management LLC grew its stake in shares of Dominion Energy by 2.6% in the 4th quarter. Castle Rock Wealth Management LLC now owns 6,885 shares of the utilities provider’s stock worth $422,000 after buying an additional 177 shares during the last quarter. Finally, Mather Group LLC. boosted its stake in Dominion Energy by 3.4% during the 4th quarter. Mather Group LLC. now owns 5,400 shares of the utilities provider’s stock valued at $316,000 after purchasing an additional 178 shares during the last quarter. Hedge funds and other 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.