Dominion Energy Inc. (NYSE:D) Given Average Rating of “Hold” by Analysts

Shares of Dominion Energy Inc. (NYSE:D) have been assigned an average rating of “Hold” from the fifteen brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $69.9286.

Several equities analysts recently weighed in on D shares. Wall Street Zen downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Seaport Research Partners cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Truist Financial dropped their price objective on shares of Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $65.00 to $76.00 in a research note on Thursday, May 28th. Finally, BMO Capital Markets raised their target price on shares of Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd.

Dominion Energy Stock Performance

Shares of D opened at $66.94 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. The stock has a 50-day moving average of $69.16 and a two-hundred day moving average of $65.72. The stock has a market cap of $58.87 billion, a P/E ratio of 23.32 and a beta of 0.65. Dominion Energy has a one year low of $55.85 and a one year high of $72.99.

Dominion Energy (NYSE:D) last announced its quarterly earnings data 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 return on equity of 9.62% and a net margin of 13.98%.The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The company’s revenue 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, research analysts predict that Dominion Energy will post 3.57 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy’s dividend payout ratio is presently 93.03%.

Hedge Funds Weigh In On Dominion Energy

Institutional investors have recently modified their holdings of the stock. Bryn Mawr Trust Advisors LLC purchased a new stake in shares of Dominion Energy in the second quarter valued at approximately $7,346,000. Ausbil Investment Management Ltd purchased a new position in Dominion Energy during the second quarter worth approximately $4,603,000. North Dakota State Investment Board purchased a new position in Dominion Energy during the fourth quarter worth approximately $1,715,000. Florida Trust Wealth Management Co boosted its stake in Dominion Energy by 51.6% during the second quarter. Florida Trust Wealth Management Co now owns 67,185 shares of the utilities provider’s stock worth $4,588,000 after buying an additional 22,870 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in Dominion Energy during the second quarter worth $7,645,000. Hedge funds and other institutional investors 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.