Dominion Energy (NYSE:D) Sets New 12-Month High – Here’s What Happened

Shares of Dominion Energy Inc. (NYSE:D) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $70.37 and last traded at $70.0410, with a volume of 184136 shares. The stock had previously closed at $69.26.

Wall Street Analyst Weigh In

Several equities analysts recently commented on D shares. Mizuho upped their target price on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. Barclays reduced their target price on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Truist Financial lowered their price target on Dominion Energy from $67.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Finally, Wall Street Zen downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average target price of $67.62.

Dominion Energy Trading Up 1.6%

The company’s fifty day moving average price is $66.19 and its two-hundred day moving average price is $63.19. 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 firm has a market cap of $61.86 billion, a P/E ratio of 20.83 and a beta of 0.65.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) 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 the consensus estimate of $4.43 billion. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period last year, the firm posted $0.93 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, sell-side analysts predict that Dominion Energy Inc. will post 3.59 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 20th. Investors of record on Friday, May 29th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 78.99%.

Hedge Funds Weigh In On Dominion Energy

A number of institutional investors and hedge funds have recently bought and sold shares of D. Capital Analysts LLC grew its holdings in shares of Dominion Energy by 2.4% during the fourth quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider’s stock worth $390,000 after purchasing an additional 157 shares during the last quarter. Navalign LLC raised its holdings in shares of 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. Conning Inc. lifted its position in Dominion Energy by 0.5% during 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 in the last quarter. Castle Rock Wealth Management LLC lifted its position in Dominion Energy by 2.6% during 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 in the last quarter. Finally, Mather Group LLC. grew its holdings in Dominion Energy by 3.4% during the 4th quarter. Mather Group LLC. now owns 5,400 shares of the utilities provider’s stock worth $316,000 after acquiring an additional 178 shares during the last quarter. Institutional investors and hedge funds 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.