Dominion Energy (NYSE:D) Price Target Cut to $66.00 by Analysts at Truist Financial

Dominion Energy (NYSE:D) had its price target decreased by Truist Financial from $67.00 to $66.00 in a research report report published on Friday,Benzinga reports. Truist Financial currently has a hold rating on the utilities provider’s stock.

Several other equities research analysts also recently weighed in on the company. Royal Bank Of Canada increased their price target on Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. 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 increased their price target on Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Jefferies Financial Group raised Dominion Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $65.00 to $76.00 in a research report on Thursday. Finally, Seaport Research Partners downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $67.69.

Dominion Energy Price Performance

Shares of D opened at $66.95 on Friday. The business’s 50-day moving average is $63.28 and its two-hundred day moving average is $61.90. The company has a market capitalization of $58.88 billion, a P/E ratio of 19.81 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. 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 announced its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05. The company 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 firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Research analysts predict that Dominion Energy will post 3.59 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 20th. Stockholders of record on Friday, May 29th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.0%. Dominion Energy’s dividend payout ratio (DPR) is 78.99%.

Institutional Investors Weigh In On Dominion Energy

A number of institutional investors have recently modified their holdings of D. 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 valued at $2,633,253,000 after acquiring an additional 14,197,581 shares during the period. Norges Bank acquired a new stake in shares of Dominion Energy during the 4th quarter valued at about $655,142,000. Capital Research Global Investors grew its position in shares of Dominion Energy by 22.4% during the 3rd quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock valued at $3,355,175,000 after acquiring an additional 10,049,691 shares during the period. London Co. of Virginia grew its position in shares of Dominion Energy by 45.3% during the 1st quarter. London Co. of Virginia now owns 6,943,525 shares of the utilities provider’s stock valued at $429,250,000 after acquiring an additional 2,165,195 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Dominion Energy by 15.7% during the 1st quarter. Bank of America Corp DE now owns 15,930,241 shares of the utilities provider’s stock valued at $984,808,000 after acquiring an additional 2,164,951 shares during the period. 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.