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

Shares of Dominion Energy Inc. (NYSE:D) have received a consensus rating of “Hold” from the eight brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $59.5714.

Several research firms recently commented on D. Morgan Stanley decreased their price target on shares of Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, June 18th. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st.

Dominion Energy Price Performance

Shares of D stock opened at $58.85 on Friday. The company has a market capitalization of $50.22 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.26 and a beta of 0.60. The firm has a fifty day simple moving average of $59.24 and a 200-day simple moving average of $56.36. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. Dominion Energy has a twelve month low of $48.07 and a twelve month high of $62.46.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Equities research analysts anticipate that Dominion Energy will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy’s dividend payout ratio is presently 92.07%.

Insiders Place Their Bets

In related news, CEO Robert M. Blue acquired 4,152 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was bought at an average price of $60.35 per share, with a total value of $250,573.20. Following the acquisition, the chief executive officer owned 161,237 shares in the company, valued at $9,730,652.95. This represents a 2.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dominion Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in D. CoreFirst Bank & Trust bought a new position in Dominion Energy during the 2nd quarter valued at $25,000. Orion Capital Management LLC bought a new stake in shares of Dominion Energy during the 4th quarter worth $27,000. Park Square Financial Group LLC bought a new stake in shares of Dominion Energy during the 4th quarter worth $27,000. AlphaQuest LLC bought a new stake in shares of Dominion Energy during the 1st quarter worth $27,000. Finally, Westside Investment Management Inc. raised its stake in shares of 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 purchasing an additional 259 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

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.