Dominion Energy Inc. (NYSE:D) Receives $66.00 Consensus Price Target from Analysts

Dominion Energy Inc. (NYSE:D) has received an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $66.3077.

Several research analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dominion Energy in a report on Friday, May 8th. Mizuho lifted their price objective on Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Barclays lifted their price objective on Dominion Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Wells Fargo & Company lifted their price objective on Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Wall Street Zen lowered Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday.

Dominion Energy Trading Down 1.8%

D opened at $61.83 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 stock has a market capitalization of $54.37 billion, a PE ratio of 18.29, a PEG ratio of 3.31 and a beta of 0.65. Dominion Energy has a 1-year low of $53.36 and a 1-year high of $67.57. The firm has a 50-day moving average price of $62.34 and a two-hundred day moving average price of $61.35.

Dominion Energy (NYSE:D) last posted its quarterly earnings data 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 firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same quarter last year, the company posted $0.93 EPS. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities analysts anticipate that Dominion Energy will post 3.59 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed 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 is Friday, May 29th. Dominion Energy’s dividend payout ratio is currently 78.99%.

Hedge Funds Weigh In On Dominion Energy

Large investors have recently bought and sold shares of the business. AustralianSuper Pty Ltd raised its stake in shares of Dominion Energy by 1,785.9% in the third quarter. AustralianSuper Pty Ltd now owns 519,100 shares of the utilities provider’s stock worth $31,753,000 after purchasing an additional 491,574 shares during the last quarter. Kera Capital Partners Inc. bought a new position in shares of Dominion Energy in the third quarter valued at approximately $3,574,000. Vanguard Group Inc. lifted its holdings in shares of Dominion Energy by 0.3% in the third quarter. Vanguard Group Inc. now owns 106,158,920 shares of the utilities provider’s stock valued at $6,493,741,000 after purchasing an additional 363,610 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its position in Dominion Energy by 84,502.3% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,735,194 shares of the utilities provider’s stock valued at $106,150,000 after buying an additional 1,733,143 shares during the last quarter. Finally, Citigroup Inc. raised its position in Dominion Energy by 36.7% in the 3rd quarter. Citigroup Inc. now owns 2,422,315 shares of the utilities provider’s stock valued at $148,173,000 after buying an additional 649,989 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

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.