Dominion Energy (NYSE:D – Get Free Report) had its target price lowered by stock analysts at Truist Financial from $67.00 to $66.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the utilities provider’s stock. Truist Financial’s target price would indicate a potential downside of 1.42% from the stock’s previous close.
Other equities analysts also recently issued research reports about the stock. Mizuho boosted their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday. Scotiabank upped their price objective on shares of Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Wall Street Zen downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. Finally, Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $65.00 to $76.00 in a research report on Thursday. Four 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’s stock. Based on data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $67.69.
View Our Latest Stock Analysis on Dominion Energy
Dominion Energy Price Performance
Dominion Energy (NYSE:D – Get Free Report) last released its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. The company had revenue of $5.02 billion during the quarter, compared to analyst estimates 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 was up 23.1% on a year-over-year basis. During the same quarter last year, the business posted $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Sell-side analysts expect that Dominion Energy will post 3.59 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of D. Vanguard Group Inc. lifted its holdings in shares of Dominion Energy by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider’s stock valued at $6,274,975,000 after purchasing an additional 940,838 shares in the last quarter. Capital Research Global Investors raised its position in shares of Dominion Energy by 9.0% in the fourth quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock valued at $3,503,142,000 after buying an additional 4,940,692 shares during the last quarter. State Street Corp raised its position in shares of Dominion Energy by 3.6% in the fourth quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock valued at $2,848,662,000 after buying an additional 1,686,050 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Dominion Energy by 46.2% in the fourth quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock valued at $2,633,253,000 after buying an additional 14,197,581 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Dominion Energy by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 20,442,935 shares of the utilities provider’s stock valued at $1,196,056,000 after buying an additional 314,932 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.
Dominion Energy Company Profile
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.
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