Dominion Energy Inc. (NYSE:D) Given Consensus Rating of “Hold” by Brokerages

Dominion Energy Inc. (NYSE:D) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $64.6250.

A number of research analysts recently commented on D shares. JPMorgan Chase & Co. lowered their price objective on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research note on Thursday. Royal Bank Of Canada reiterated a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a research report on Tuesday, October 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Dominion Energy in a report on Monday, December 8th. BMO Capital Markets lowered their target price on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. Finally, Morgan Stanley boosted their price target on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd.

Institutional Investors Weigh In On Dominion Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. CoreFirst Bank & Trust bought a new position in Dominion Energy during the second quarter worth about $25,000. AlphaQuest LLC acquired a new stake in shares of Dominion Energy in the 1st quarter valued at approximately $27,000. Westside Investment Management Inc. boosted its stake in Dominion Energy by 123.3% during the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 259 shares during the last quarter. Triumph Capital Management acquired a new position in Dominion Energy during the third quarter valued at approximately $28,000. Finally, United Community Bank acquired a new position in Dominion Energy during the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE D opened at $59.23 on Friday. The stock has a market cap of $50.58 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.70 and a beta of 0.70. The firm’s 50-day simple moving average is $60.51 and its 200 day simple moving average is $59.20. Dominion Energy has a fifty-two week low of $48.07 and a fifty-two week high of $62.87. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41.

Dominion Energy (NYSE:D) last released its earnings results on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.02 by $0.04. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter last year, the company earned $0.98 EPS. Dominion Energy’s quarterly revenue was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Equities analysts expect that Dominion Energy will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Investors of record on Friday, December 5th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.67 annualized dividend and a yield of 4.5%. Dominion Energy’s dividend payout ratio is currently 90.82%.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.