Dominion Energy Inc. (NYSE:D) Receives $67.69 Average Price Target from Brokerages

Dominion Energy Inc. (NYSE:D) has received an average rating of “Hold” from the fifteen research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $67.6923.

D has been the subject of a number of research analyst reports. Royal Bank Of Canada raised their price target on Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Truist Financial lowered their price objective on Dominion Energy from $67.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Barclays raised their price objective on Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings raised Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. Finally, Scotiabank raised their price objective on Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd.

Key Stories Impacting Dominion Energy

Here are the key news stories impacting Dominion Energy this week:

• Positive Sentiment: Dominion is being viewed as a beneficiary of data center expansion, which could boost electricity demand and long-term earnings growth. Dominion Energy (D) is Poised to Benefit from Data Center Expansion
• Positive Sentiment: News and commentary around a potential NextEra-Dominion merger suggests the company could become part of a larger strategic utility deal, which some investors see as a possible valuation catalyst. Now Is a Good Time to Buy Into America’s Mega Utility Merger
• Positive Sentiment: Dominion is advancing grid infrastructure for an offshore wind project off North Carolina, signaling continued capital deployment into regulated energy assets. Dominion to buy land for North Carolina offshore wind project

Dominion Energy Stock Performance

Shares of D stock opened at $66.80 on Friday. The stock has a fifty day moving average of $64.26 and a 200 day moving average of $62.23. Dominion Energy has a 52 week low of $53.36 and a 52 week high of $68.97. The firm has a market capitalization of $58.75 billion, a price-to-earnings ratio of 19.76 and a beta of 0.65. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The company had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The firm’s revenue was up 23.1% 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 expect that Dominion Energy will post 3.59 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 20th. Shareholders of record on Friday, May 29th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.0%. Dominion Energy’s dividend payout ratio (DPR) is currently 78.99%.

Hedge Funds Weigh In On Dominion Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in D. Brighton Jones LLC lifted its position in Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after buying an additional 3,553 shares during the period. Empowered Funds LLC raised its position in shares of Dominion Energy by 8.3% in the 1st quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock worth $985,000 after purchasing an additional 1,344 shares during the last quarter. Woodline Partners LP raised its position in shares of 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 purchasing an additional 20,522 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Dominion Energy by 71.2% in the 1st quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock worth $1,708,000 after purchasing an additional 12,663 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its position in shares of Dominion Energy by 9.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider’s stock worth $7,041,000 after purchasing an additional 10,775 shares during the last quarter. 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.