Dominion Energy (NYSE:D) Price Target Lowered to $64.00 at Wells Fargo & Company

Dominion Energy (NYSE:D) had its price objective cut by Wells Fargo & Company from $67.00 to $64.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 4.94% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. Barclays lifted their target price on Dominion Energy from $63.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. Morgan Stanley boosted their target price on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a report on Monday, December 29th. BTIG Research started coverage on shares of Dominion Energy in a research note on Wednesday, October 22nd. They set a “neutral” rating on the stock. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $70.00 price objective on shares of Dominion Energy in a report on Tuesday, October 28th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.44.

Dominion Energy Stock Performance

NYSE D traded down $0.14 on Tuesday, reaching $60.99. The stock had a trading volume of 1,123,270 shares, compared to its average volume of 6,144,055. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84. The stock has a market cap of $52.08 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 1.66 and a beta of 0.72. The business’s 50-day moving average price is $59.75 and its 200 day moving average price is $59.83. Dominion Energy has a 12-month low of $48.07 and a 12-month high of $62.87.

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

Institutional Trading of Dominion Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC grew its holdings in shares of Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after buying an additional 3,553 shares in the last quarter. Empowered Funds LLC boosted its position in Dominion Energy by 8.3% during the first quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock worth $985,000 after acquiring an additional 1,344 shares during the last quarter. Woodline Partners LP grew its stake in Dominion Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock worth $3,979,000 after acquiring an additional 20,522 shares during the period. Intech Investment Management LLC raised its holdings in Dominion Energy by 71.2% in the 1st quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock valued at $1,708,000 after acquiring an additional 12,663 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Dominion Energy by 1.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 25,519 shares of the utilities provider’s stock worth $1,442,000 after purchasing an additional 296 shares during the period. 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.