Wells Fargo & Company Has Lowered Expectations for Dominion Energy (NYSE:D) Stock Price

Dominion Energy (NYSE:D) had its price objective dropped by stock analysts at Wells Fargo & Company from $67.00 to $64.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 5.11% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. BMO Capital Markets reduced their target price on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $70.00 price objective on shares of Dominion Energy in a research report on Tuesday, October 28th. Evercore ISI initiated coverage on Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price objective on the stock. Barclays raised their target price on Dominion Energy from $63.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Finally, BTIG Research initiated coverage on shares of Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $64.44.

Dominion Energy Stock Down 0.3%

D opened at $60.89 on Tuesday. The business has a 50 day moving average of $59.74 and a 200-day moving average of $59.86. The stock has a market capitalization of $52.00 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 1.65 and a beta of 0.72. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41. Dominion Energy has a 1-year low of $48.07 and a 1-year high of $62.87.

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. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, sell-side analysts anticipate that Dominion Energy will post 3.39 earnings per share for the current year.

Hedge Funds Weigh In On Dominion Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 14,715,895 shares during the period. Capital Research Global Investors boosted its holdings 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 acquiring an additional 10,049,691 shares during the period. Norges Bank bought a new stake in shares of Dominion Energy during the second quarter worth approximately $566,924,000. Mizuho Markets Americas LLC grew its position in shares of 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 purchasing an additional 3,073,835 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd lifted its holdings in Dominion Energy by 84,502.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,735,194 shares of the utilities provider’s stock worth $106,150,000 after purchasing an additional 1,733,143 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

More Dominion Energy News

Here are the key news stories impacting Dominion Energy this week:

• Positive Sentiment: Court win and project restart clear regulatory hurdles for the Coastal Virginia Offshore Wind program, improving the outlook for a large, long‑duration revenue and investment stream. Article Title
• Positive Sentiment: Federal pause lifted and construction activity has resumed on the Coastal Virginia Offshore Wind project — a near‑term operational restart that reduces construction uncertainty. Article Title
• Neutral Sentiment: Dominion opened its Charitable Foundation spring grant cycle — positive for community relations but limited direct financial impact. Article Title
• Neutral Sentiment: Company and local authorities are preparing for winter weather in Hampton Roads and scheduling siren tests (Lake Murray dam) — operational readiness that helps limit outage risk but is routine. Article Title Article Title
• Neutral Sentiment: Wells Fargo trimmed its price target slightly ($67 → $64) but kept an Overweight rating — a modest analyst downgrade that may damp near‑term sentiment despite continued buy conviction. Article Title
• Negative Sentiment: Local media coverage and customer complaints about higher electric bills in Virginia are drawing attention and political scrutiny — a reputational and regulatory risk that can pressure near‑term sentiment and invite rate reviews. Article Title
• Negative Sentiment: Solar advocates are pushing back against Dominion’s net‑metering proposal — ongoing regulatory conflict could limit utility recovery or require concessions, creating earnings uncertainty. Article Title

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.