Dominion Energy Inc. (NYSE:D) Receives Consensus Rating of “Hold” from Brokerages

Dominion Energy Inc. (NYSE:D) has been given an average recommendation of “Hold” by the eight research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $60.3333.

D has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research note on Saturday, September 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research note on Thursday, August 21st.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $61.57 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. Dominion Energy has a fifty-two week low of $48.07 and a fifty-two week high of $62.46. The company’s 50 day moving average price is $60.25 and its two-hundred day moving average price is $56.98. The firm has a market capitalization of $52.55 billion, a P/E ratio of 21.23, a P/E/G ratio of 1.34 and a beta of 0.62.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, equities analysts forecast that Dominion Energy will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were paid a $0.6675 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.3%. Dominion Energy’s dividend payout ratio is currently 92.07%.

Insider Buying and Selling

In related news, CEO Robert M. Blue purchased 4,152 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was acquired at an average price of $60.35 per share, with a total value of $250,573.20. Following the purchase, the chief executive officer directly owned 161,237 shares in the company, valued at approximately $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dominion Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of D. Patton Fund Management Inc. purchased a new position in shares of Dominion Energy in the second quarter worth $235,000. Sowell Financial Services LLC purchased a new stake in Dominion Energy in the first quarter worth $314,000. QRG Capital Management Inc. lifted its stake in Dominion Energy by 13.8% in the first quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider’s stock worth $503,000 after acquiring an additional 1,087 shares during the period. Farther Finance Advisors LLC lifted its stake in Dominion Energy by 114.8% in the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider’s stock worth $680,000 after acquiring an additional 6,462 shares during the period. Finally, Bessemer Group Inc. grew its stake in Dominion Energy by 7.0% in the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock worth $527,000 after purchasing an additional 616 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.