Jefferies Financial Group Upgrades Dominion Energy (NYSE:D) to “Buy”

Dominion Energy (NYSE:D) was upgraded by Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued on Thursday. The firm presently has a $76.00 price target on the utilities provider’s stock. Jefferies Financial Group’s price target points to a potential upside of 12.98% from the stock’s current price.

Several other brokerages also recently commented on D. Weiss Ratings raised Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. Bank of America upped their price objective on Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Scotiabank upped 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. Morgan Stanley cut their price objective on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Finally, Wall Street Zen downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $67.77.

Dominion Energy Stock Performance

NYSE D opened at $67.27 on Thursday. The company has a market cap of $59.16 billion, a P/E ratio of 19.90 and a beta of 0.65. 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 business’s 50 day moving average price is $63.10 and its 200-day moving average price is $61.82. Dominion Energy has a fifty-two week low of $53.36 and a fifty-two week high of $68.97.

Dominion Energy (NYSE:D) last released its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Sell-side analysts predict that Dominion Energy will post 3.59 earnings per share for the current year.

Hedge Funds Weigh In On Dominion Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Dominion Energy by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider’s stock worth $6,274,975,000 after buying an additional 940,838 shares in the last quarter. Capital Research Global Investors grew its position in shares of Dominion Energy by 9.0% during the 4th quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock worth $3,503,142,000 after buying an additional 4,940,692 shares in the last quarter. State Street Corp grew its position in shares of Dominion Energy by 3.6% during the 4th quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock worth $2,848,662,000 after buying an additional 1,686,050 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Dominion Energy by 46.2% during the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock worth $2,633,253,000 after buying an additional 14,197,581 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Dominion Energy by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 20,442,935 shares of the utilities provider’s stock worth $1,196,056,000 after purchasing an additional 314,932 shares during 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.