Dominion Energy (NYSE:D) Price Target Raised to $67.00

Dominion Energy (NYSE:D) had its price target raised by Scotiabank from $63.00 to $67.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a sector perform rating on the utilities provider’s stock.

D has been the topic of several other research reports. Mizuho lifted their price target on shares of Dominion Energy from $62.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Wells Fargo & Company reduced their target price on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. BMO Capital Markets decreased their price target on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. TD Cowen began coverage on Dominion Energy in a research report on Friday, January 9th. They set a “hold” rating and a $65.00 price objective for the company. Finally, Weiss Ratings raised shares of Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $64.73.

Dominion Energy Stock Down 0.2%

NYSE D opened at $62.57 on Monday. The business’s fifty day simple moving average is $61.46 and its 200-day simple moving average is $60.67. The company has a quick ratio of 0.59, a current ratio of 0.77 and a debt-to-equity ratio of 1.36. The firm has a market cap of $54.99 billion, a PE ratio of 18.19, a P/E/G ratio of 1.70 and a beta of 0.71. Dominion Energy has a 52 week low of $48.07 and a 52 week high of $67.57.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Monday, February 23rd. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. Dominion Energy had a net margin of 18.05% and a return on equity of 9.67%. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period last year, the business earned $0.58 earnings per share. Dominion Energy’s revenue was up 20.4% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities analysts anticipate that Dominion Energy will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, February 27th. Dominion Energy’s payout ratio is currently 77.62%.

Institutional Investors Weigh In On Dominion Energy

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Dominion Energy by 16.2% during the 2nd quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock worth $5,979,551,000 after purchasing an additional 14,715,895 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Dominion Energy by 46.2% during the fourth 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. Norges Bank purchased a new stake in shares of Dominion Energy during the fourth quarter worth approximately $655,142,000. Capital Research Global Investors increased its stake in shares of Dominion Energy by 22.4% during the third quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock worth $3,355,175,000 after buying an additional 10,049,691 shares during the period. Finally, Mizuho Markets Americas LLC raised its holdings in Dominion Energy by 139.3% in the third quarter. Mizuho Markets Americas LLC now owns 867,500 shares of the utilities provider’s stock valued at $53,065,000 after acquiring an additional 3,073,835 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

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.