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

Dominion Energy (NYSE:D) had its price target trimmed by Truist Financial from $68.00 to $66.00 in a report issued on Thursday,Benzinga reports. The firm currently has a hold rating on the utilities provider’s stock.

A number of other research firms have also recently weighed in on D. Seaport Research Partners cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Wells Fargo & Company lifted their price objective on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Barclays reduced their target price on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. Mizuho raised 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, May 26th. Finally, Wall Street Zen downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $68.00.

Dominion Energy Stock Performance

Dominion Energy stock opened at $68.76 on Thursday. The company has a market cap of $60.48 billion, a price-to-earnings ratio of 23.96 and a beta of 0.65. Dominion Energy has a 12 month low of $55.85 and a 12 month high of $72.99. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. The stock’s 50-day moving average is $69.09 and its 200-day moving average is $65.36.

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

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, September 4th. This represents a $2.67 annualized dividend and a yield of 3.9%. Dominion Energy’s payout ratio is presently 93.03%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Ausbil Investment Management Ltd purchased a new stake in shares of Dominion Energy in the second quarter worth about $4,603,000. North Dakota State Investment Board purchased a new position in Dominion Energy during the fourth quarter worth $1,715,000. Florida Trust Wealth Management Co boosted its stake in shares of Dominion Energy by 51.6% during the 2nd quarter. Florida Trust Wealth Management Co now owns 67,185 shares of the utilities provider’s stock worth $4,588,000 after purchasing an additional 22,870 shares during the period. Vanguard Group Inc. boosted its position in shares of Dominion Energy by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider’s stock valued at $6,274,975,000 after buying an additional 940,838 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Dominion Energy in the 4th quarter valued at $2,739,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Dominion Energy

Here are the key news stories impacting Dominion Energy this week:

• Positive Sentiment: Dominion’s potential exposure to rising electricity demand from data centers is keeping the utility in focus. Growth in large-load customers could support long-term earnings and rate-base expansion. Why Is Dominion Energy in Focus as Data Center Demand Grows?
• Positive Sentiment: The Virginia State Corporation Commission ordered Dominion to directly assign some transmission costs to data centers and may consider extending the policy to additional upstream costs. Shifting more infrastructure costs to large customers could reduce pressure on residential ratepayers and improve the economics of serving data centers. Dominion Ordered to Assign Transmission Costs to Data Centers
• Positive Sentiment: Dominion completed tower upgrades and restoration work at the Lake Murray Dam and Saluda Hydroelectric Project in South Carolina. The completion strengthens the company’s hydroelectric infrastructure, although temporary boating restrictions remain. Dominion Completes Lake Murray Tower Upgrades
• Neutral Sentiment: Dominion Energy’s foundation opened its fall grant application period for nonprofits, while the company also issued customer energy-saving advice during the heat. These announcements support community relations but are unlikely to materially affect near-term earnings. Dominion Energy Foundation Opens Fall Grant Applications
• Negative Sentiment: Truist lowered its Dominion price target to $66 from $68 and maintained a “hold” rating, signaling limited expected upside from current levels. Truist Lowers Dominion Energy Price Target
• Negative Sentiment: Dominion is seeking approval for higher fuel-cost charges in North Carolina that could add roughly $23 per month to some customers’ bills. Proposed rate increases may improve cost recovery but risk political backlash, customer resistance and regulatory delays. Dominion Seeks North Carolina Fuel-Cost Increase
• Negative Sentiment: The proposed $67 billion merger with NextEra Energy is facing customer and political concerns, including questions about regulatory oversight and recusal issues involving Virginia officials. Increased scrutiny could complicate approval or extend the transaction timeline. Dominion Customers Raise Concerns Over NextEra Merger

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.