Barclays Lowers Dominion Energy (NYSE:D) Price Target to $63.00

Dominion Energy (NYSE:DGet Free Report) had its price target decreased by Barclays from $64.00 to $63.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target would indicate a potential upside of 3.71% from the company’s previous close.

A number of other analysts also recently weighed in on the company. Morgan Stanley increased their price target on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research report on Monday, December 29th. Evercore ISI began coverage on Dominion Energy in a research note on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price for the company. TD Cowen started coverage on Dominion Energy in a research note on Friday, January 9th. They issued a “hold” rating and a $65.00 price target on the stock. Finally, BMO Capital Markets cut their price target on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $64.33.

Get Our Latest Stock Analysis on Dominion Energy

Dominion Energy Trading Down 0.3%

Shares of Dominion Energy stock traded down $0.18 on Thursday, hitting $60.75. The stock had a trading volume of 1,291,975 shares, compared to its average volume of 6,250,655. The stock has a 50 day moving average of $59.74 and a 200 day moving average of $59.86. The firm has a market capitalization of $51.88 billion, a P/E ratio of 20.67, a PEG ratio of 1.65 and a beta of 0.72. Dominion Energy has a twelve month low of $48.07 and a twelve month high of $62.87. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84.

Dominion Energy (NYSE:DGet Free Report) last released its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The business’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Sell-side analysts expect that Dominion Energy will post 3.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dominion Energy

Several hedge funds have recently modified their holdings of the company. Fiduciary Alliance LLC increased its position in Dominion Energy by 3.8% during the fourth quarter. Fiduciary Alliance LLC now owns 7,419 shares of the utilities provider’s stock worth $435,000 after purchasing an additional 272 shares during the last quarter. Westbourne Investments Inc. purchased a new stake in shares of Dominion Energy during the 4th quarter valued at approximately $240,000. Personal CFO Solutions LLC lifted its holdings in Dominion Energy by 3.4% in the fourth quarter. Personal CFO Solutions LLC now owns 23,986 shares of the utilities provider’s stock valued at $1,405,000 after acquiring an additional 786 shares during the last quarter. OFI Invest Asset Management purchased a new position in Dominion Energy in the fourth quarter worth approximately $255,000. Finally, Financial Consulate Inc. increased its stake in Dominion Energy by 59.1% during the fourth quarter. Financial Consulate Inc. now owns 1,757 shares of the utilities provider’s stock worth $103,000 after acquiring an additional 653 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Key Dominion Energy News

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About Dominion Energy

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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.

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