Dominion Energy Inc. (NYSE:D) Receives $69.93 Consensus Target Price from Analysts

Shares of Dominion Energy Inc. (NYSE:D) have earned an average rating of “Hold” from the fifteen ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $69.9286.

D has been the subject of a number of analyst reports. Mizuho raised their price objective on Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Barclays dropped their target price on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Dominion Energy in a report on Wednesday, August 19th. UBS Group set a $80.00 price target on Dominion Energy in a research report on Wednesday, August 19th. Finally, Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $65.00 to $76.00 in a research note on Thursday, May 28th.

Institutional Investors Weigh In On Dominion Energy

Several institutional investors and hedge funds have recently made changes to their positions in D. Cornerstone Planning LLC raised its stake in Dominion Energy by 0.9% during the 2nd quarter. Cornerstone Planning LLC now owns 17,280 shares of the utilities provider’s stock valued at $1,180,000 after purchasing an additional 157 shares during the last quarter. Arlington Trust Co LLC grew its position in Dominion Energy by 47.1% in the 2nd quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 160 shares during the last quarter. Navalign LLC increased its holdings in shares of Dominion Energy by 1.2% during the 1st quarter. Navalign LLC now owns 14,229 shares of the utilities provider’s stock worth $880,000 after purchasing an additional 162 shares during the period. Premier Path Wealth Partners LLC raised its position in shares of Dominion Energy by 1.7% during the second quarter. Premier Path Wealth Partners LLC now owns 9,795 shares of the utilities provider’s stock valued at $669,000 after buying an additional 168 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC lifted its stake in shares of Dominion Energy by 4.1% in the second quarter. Turtle Creek Wealth Advisors LLC now owns 4,648 shares of the utilities provider’s stock valued at $317,000 after buying an additional 184 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 1.3%

NYSE:D opened at $64.31 on Tuesday. Dominion Energy has a one year low of $55.85 and a one year 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 company’s 50-day simple moving average is $67.96 and its 200 day simple moving average is $65.86. The firm has a market capitalization of $56.56 billion, a P/E ratio of 22.41, a PEG ratio of 2.96 and a beta of 0.64.

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

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, September 4th. Dominion Energy’s dividend payout ratio is currently 93.03%.

About Dominion Energy

Dominion Energy, Inc is a regulated energy company headquartered in Richmond, Virginia. Through its utility operations, the company generates, transmits and distributes electricity and provides natural gas service to residential, commercial and industrial customers, primarily in Virginia and South Carolina.

The company’s electric generation portfolio includes nuclear, natural gas, renewable energy and hydroelectric resources. Dominion Energy also operates electric transmission and distribution networks, natural gas distribution systems and related energy infrastructure.