Truist Financial Issues Pessimistic Forecast for Dominion Energy (NYSE:D) Stock Price

Dominion Energy (NYSE:D) had its target price cut by Truist Financial from $66.00 to $62.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the utilities provider’s stock. Truist Financial’s target price suggests a potential downside of 0.55% from the company’s previous close.

A number of other equities analysts have also commented on D. UBS Group set a $80.00 price target on Dominion Energy in a research note on Wednesday, August 19th. Weiss Ratings downgraded Dominion Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. TD Cowen raised shares of Dominion Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $69.00 to $80.00 in a report on Wednesday, August 19th. Morgan Stanley decreased their price target on shares of Dominion Energy from $68.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Friday, September 18th. Finally, Barclays lowered their price objective on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $69.69.

Dominion Energy Stock Performance

Shares of D stock traded up $0.70 during mid-day trading on Monday, reaching $62.34. 1,265,145 shares of the company’s stock traded hands, compared to its average volume of 5,540,581. The firm has a 50 day moving average price of $65.00 and a two-hundred day moving average price of $65.75. Dominion Energy has a 12 month low of $55.85 and a 12 month high of $72.99. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. The firm has a market capitalization of $54.83 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.86 and a beta of 0.64.

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

Hedge Funds Weigh In On Dominion Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC increased its holdings in shares of Dominion Energy by 41.9% during the third quarter. Sound Income Strategies LLC now owns 5,002 shares of the utilities provider’s stock valued at $309,000 after acquiring an additional 1,478 shares in the last quarter. Bill Few Associates Inc. increased its position in shares of Dominion Energy by 1.4% in the 3rd quarter. Bill Few Associates Inc. now owns 76,751 shares of the utilities provider’s stock valued at $4,645,000 after acquiring an additional 1,023 shares during the period. Wedmont Private Capital increased its position in shares of Dominion Energy by 22.1% in the 3rd quarter. Wedmont Private Capital now owns 14,557 shares of the utilities provider’s stock valued at $899,000 after acquiring an additional 2,636 shares during the period. GAMMA Investing LLC raised its stake in Dominion Energy by 1.6% in the 3rd quarter. GAMMA Investing LLC now owns 34,951 shares of the utilities provider’s stock worth $2,115,000 after acquiring an additional 558 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Dominion Energy by 62.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 82,684 shares of the utilities provider’s stock worth $5,004,000 after acquiring an additional 31,933 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Company Profile

Dominion Energy, Inc is an energy company headquartered in Richmond, Virginia. Through its regulated utility operations, the company generates, transmits and distributes electricity and provides natural gas service to residential, commercial and industrial customers.

Dominion Energy’s primary electric utility operations serve customers in Virginia and northeastern North Carolina. The company also operates Dominion Energy South Carolina, which provides electric and natural gas services in South Carolina.