Dominion Energy (NYSE:D) Hits New 12-Month High – Here’s Why

Shares of Dominion Energy Inc. (NYSE:D) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $70.81 and last traded at $70.8170, with a volume of 122012 shares trading hands. The stock had previously closed at $70.08.

Dominion Energy News Summary

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

• Positive Sentiment: Dominion’s shares have benefited from a broader utility-sector bid and reports that the company continues to restore service after recent severe weather, which supports confidence in its operational reliability. Dominion Energy working to restore and repair utilities after sever weather weekend
• Positive Sentiment: Analyst and market coverage noted Dominion Energy (D) was gaining even as the broader market slipped, suggesting relative strength in the stock. Dominion Energy (D) Gains As Market Dips: What You Should Know
• Neutral Sentiment: News that Virginia customers may see higher bills due to rising fuel costs could be supportive for future cost recovery, but it also risks customer backlash and political pressure. Virginia customers face $8 jump in Dominion Energy bills as fuel costs climb
• Neutral Sentiment: Regulatory scrutiny around the reported $67 billion NextEra-Dominion merger keeps speculation alive, but added political review could delay or complicate any deal-related upside. Lt. Gov. Hashmi urges scrutiny of proposed $67B NextEra-Dominion Energy merger
• Neutral Sentiment: Local opposition to Dominion’s transmission-line project in Loudoun County adds another regulatory hurdle, but the market impact is likely limited unless it affects major capital plans. Loudoun school board votes against Dominion transmission line project
• Negative Sentiment: Coverage of higher Dominion bills in Virginia and criticism of utility rate increases could weigh on sentiment by increasing political and customer pressure on the company. Why Dominion Energy is raising power bills this month and how to speak up about it

Wall Street Analyst Weigh In

A number of research firms recently weighed in on D. Royal Bank Of Canada raised their price target on Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Weiss Ratings raised Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Mizuho raised their target price on Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Truist Financial cut their price target on Dominion Energy from $67.00 to $66.00 and set a “hold” rating for the company in a report on Friday, May 29th. Finally, Jefferies Financial Group raised shares of Dominion Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $67.62.

Dominion Energy Price Performance

The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78. The company has a market capitalization of $62.72 billion, a price-to-earnings ratio of 21.10 and a beta of 0.65. The company has a 50-day moving average price of $67.19 and a 200-day moving average price of $63.74.

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, beating analysts’ consensus estimates of $0.90 by $0.05. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same period last year, the company posted $0.93 EPS. Dominion Energy’s revenue for the quarter was up 23.1% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities research analysts expect that Dominion Energy Inc. will post 3.59 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, June 20th. Stockholders of record on Friday, May 29th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 78.99%.

Institutional Trading of Dominion Energy

Large investors have recently made changes to their positions in the company. Motiv8 Investments LLC acquired a new stake in Dominion Energy during the 4th quarter worth $25,000. Triumph Capital Management acquired a new position in Dominion Energy in the third quarter valued at about $28,000. Beacon Financial Strategies CORP increased its holdings in shares of Dominion Energy by 269.2% in the second quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 350 shares in the last quarter. Blueline Advisors LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth about $28,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Dominion Energy during the third quarter worth about $30,000. Institutional investors own 73.04% of the company’s stock.

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.