BMO Capital Markets Issues Positive Forecast for Dominion Energy (NYSE:D) Stock Price

Dominion Energy (NYSE:D) had its target price raised by equities researchers at BMO Capital Markets from $64.00 to $70.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective suggests a potential downside of 1.65% from the company’s current price.

A number of other equities analysts also recently issued reports on D. Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $65.00 to $76.00 in a research report on Thursday, May 28th. Wells Fargo & Company upped their target price on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Morgan Stanley lowered their price target on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Weiss Ratings raised shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $68.00.

Dominion Energy Trading Up 1.9%

Shares of Dominion Energy stock traded up $1.32 during trading on Wednesday, hitting $71.17. The company’s stock had a trading volume of 1,354,911 shares, compared to its average volume of 6,084,044. The stock has a market cap of $62.60 billion, a price-to-earnings ratio of 21.05 and a beta of 0.65. Dominion Energy has a 52 week low of $55.85 and a 52 week high of $72.99. The stock has a 50-day moving average price of $68.05 and a two-hundred day moving average price of $64.16. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. The business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.43 billion. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.Dominion Energy’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the company earned $0.93 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities research analysts anticipate that Dominion Energy will post 3.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Dominion Energy

A number of hedge funds have recently added to or reduced their stakes in D. Motiv8 Investments LLC bought a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $25,000. Blueline Advisors LLC bought a new position in shares of Dominion Energy in the 4th quarter worth $28,000. Triumph Capital Management bought a new position in shares of Dominion Energy in the 3rd quarter worth $28,000. Costello Asset Management INC grew its position in Dominion Energy by 66.7% in the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 200 shares during the period. Finally, Advocate Investing Services LLC acquired a new stake in Dominion Energy in the 4th quarter valued at $29,000. 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.