Dominion Energy (NYSE:D) Stock Price Expected to Rise, Bank of America Analyst Says

Dominion Energy (NYSE:D) had its target price hoisted by equities research analysts at Bank of America from $63.00 to $65.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the utilities provider’s stock. Bank of America‘s target price suggests a potential upside of 2.02% from the stock’s current price.

D has been the topic of several other research reports. Scotiabank lifted their price target on Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Wells Fargo & Company lowered their target price on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Mizuho lifted their target price on Dominion Energy from $62.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. TD Cowen began coverage on Dominion Energy in a research report on Friday, January 9th. They issued a “hold” rating and a $65.00 target price on the stock. Finally, Weiss Ratings raised Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $65.42.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $63.71 on Wednesday. The company has a market capitalization of $56.00 billion, a PE ratio of 18.52, a PEG ratio of 1.70 and a beta of 0.67. Dominion Energy has a 12 month low of $51.42 and a 12 month high of $67.57. The company has a current ratio of 0.77, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The stock’s fifty day simple moving average is $63.01 and its 200 day simple moving average is $61.15.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Monday, February 23rd. The utilities provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.65 billion. Dominion Energy had a return on equity of 9.67% and a net margin of 18.05%.The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, research analysts predict that Dominion Energy will post 3.39 EPS for the current year.

Institutional Investors Weigh In On Dominion Energy

Institutional investors have recently made changes to their positions in the company. AustralianSuper Pty Ltd raised its position in shares of Dominion Energy by 1,785.9% in the third quarter. AustralianSuper Pty Ltd now owns 519,100 shares of the utilities provider’s stock valued at $31,753,000 after buying an additional 491,574 shares in the last quarter. Kera Capital Partners Inc. acquired a new stake in shares of Dominion Energy in the third quarter valued at approximately $3,574,000. Vanguard Group Inc. raised its position in shares of Dominion Energy by 0.3% in the third quarter. Vanguard Group Inc. now owns 106,158,920 shares of the utilities provider’s stock valued at $6,493,741,000 after buying an additional 363,610 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its position in shares of Dominion Energy by 84,502.3% in the third quarter. ANTIPODES PARTNERS Ltd now owns 1,735,194 shares of the utilities provider’s stock valued at $106,150,000 after buying an additional 1,733,143 shares in the last quarter. Finally, Citigroup Inc. raised its position in shares of Dominion Energy by 36.7% in the third quarter. Citigroup Inc. now owns 2,422,315 shares of the utilities provider’s stock valued at $148,173,000 after buying an additional 649,989 shares in the last quarter. 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.