Dominion Energy (NYSE:D) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Dominion Energy (NYSE:D) had its price target upped by stock analysts at Royal Bank Of Canada from $66.00 to $72.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the utilities provider’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 7.13% from the stock’s current price.

Several other brokerages have also recently weighed in on D. Jefferies Financial Group raised their price objective on Dominion Energy from $60.00 to $65.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Scotiabank raised their price target on shares of Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Bank of America boosted their price target on shares of Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Barclays increased their price objective on shares of Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Mizuho increased their price target on Dominion Energy from $62.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $66.46.

Dominion Energy Stock Down 0.5%

D traded down $0.35 during midday trading on Tuesday, reaching $67.21. 1,169,383 shares of the company were exchanged, compared to its average volume of 5,544,703. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78. The company’s fifty day moving average price is $62.42 and its 200 day moving average price is $61.41. The company has a market cap of $59.11 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 3.25 and a beta of 0.65. Dominion Energy has a one year low of $53.36 and a one year high of $68.97.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.43 billion. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the company earned $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, analysts expect that Dominion Energy will post 3.59 EPS for the current year.

Hedge Funds Weigh In On Dominion Energy

Several institutional investors have recently bought and sold shares of the company. Motiv8 Investments LLC purchased a new stake in Dominion Energy in the fourth quarter worth $25,000. Triumph Capital Management bought a new position in shares of Dominion Energy during the 3rd quarter worth $28,000. Blueline Advisors LLC purchased a new stake in Dominion Energy in the 4th quarter worth about $28,000. United Community Bank purchased a new stake in Dominion Energy in the 3rd quarter worth about $29,000. Finally, Costello Asset Management INC raised its stake in Dominion Energy by 66.7% in the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Key Dominion Energy News

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

• Positive Sentiment: The NextEra takeover offers Dominion shareholders a large all-stock premium and positions the company at the center of the AI data-center power boom. Reuters article
• Positive Sentiment: The merger could create a stronger combined utility with improved scale, financing power, and expected long-term earnings growth, which supports Dominion’s valuation. Press release
• Positive Sentiment: Trading activity and market commentary suggest investor enthusiasm is being driven by the deal’s strategic value and the possibility of further utility-sector consolidation. Yahoo Finance article
• Neutral Sentiment: The merger still faces significant regulatory review, including state, federal, and antitrust approvals, which could affect timing and closing certainty. WSJ article
• Neutral Sentiment: Shareholder lawsuit and “fair price” investigations could create headlines, but these appear secondary to the larger merger catalyst for the stock. PR Newswire article

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.