Dominion Energy (NYSE:D) Stock Gets Price Target Reduction from Barclays

Dominion Energy (NYSE:D) had its price target reduced by Barclays from $69.00 to $65.00 in a research note published on Monday,Benzinga reports. Barclays currently has an overweight rating on the utilities provider’s stock.

A number of other equities research analysts also recently weighed in on D. Morgan Stanley dropped their price objective on Dominion Energy from $68.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. BMO Capital Markets boosted 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. Scotiabank reduced their target price on shares of Dominion Energy from $67.00 to $63.00 and set a “sector perform” rating for the company in a report on Wednesday, September 30th. Evercore increased their price target on shares of Dominion Energy from $67.00 to $70.00 in a research report on Thursday, October 8th. Finally, Jefferies Financial Group lowered their price target on shares of Dominion Energy from $79.00 to $71.00 and set a “buy” rating on the stock in a report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $69.27.

Dominion Energy Stock Down 0.8%

Dominion Energy stock opened at $62.32 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.43. The firm has a market cap of $54.81 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.92 and a beta of 0.64. The business has a fifty day moving average of $64.16 and a two-hundred day moving average of $65.83. Dominion Energy has a twelve month low of $55.85 and a twelve month high of $72.99.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the business posted $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, analysts forecast that Dominion Energy will post 3.59 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 20th. Stockholders of record on Friday, September 4th were given a $0.6675 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.3%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.03%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy during the second quarter valued at about $31,000. Beacon Financial Strategies CORP raised its position in shares of Dominion Energy by 269.2% in the 2nd quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 350 shares during the last quarter. OP Asset Management Ltd acquired a new stake in Dominion Energy in the 1st quarter worth approximately $34,000. Arlington Trust Co LLC boosted its stake in Dominion Energy by 47.1% in the 2nd quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 160 shares in the last quarter. Finally, Burnham & Co LLC acquired a new stake in Dominion Energy in the 2nd quarter worth approximately $34,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Company Profile

Dominion Energy, Inc is a regulated energy company headquartered in Richmond, Virginia. Through its utility operations, the company generates, transmits and distributes electricity and provides natural gas distribution services to residential, commercial, industrial and governmental customers, primarily in Virginia and South Carolina.

The company operates a diversified power-generation portfolio that includes nuclear, natural gas, renewable energy and other resources. Its activities also include electricity transmission infrastructure, renewable energy development and natural gas utility operations.