Dominion Energy (NYSE:D) Reaches New 1-Year High – Here’s What Happened

Dominion Energy Inc. (NYSE:DGet Free Report) reached a new 52-week high on Wednesday . The company traded as high as $69.43 and last traded at $69.1950, with a volume of 1887607 shares traded. The stock had previously closed at $68.45.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on D shares. Seaport Research Partners cut Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Jefferies Financial Group raised Dominion Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from $65.00 to $76.00 in a research report on Thursday, May 28th. Weiss Ratings raised Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Wall Street Zen lowered Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Truist Financial dropped their price objective on Dominion Energy from $67.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating, ten have assigned 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 $67.62.

View Our Latest Analysis on Dominion Energy

Dominion Energy Price Performance

The stock has a market capitalization of $60.92 billion, a P/E ratio of 20.49 and a beta of 0.65. The stock’s fifty day moving average is $65.10 and its 200-day moving average is $62.61. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61.

Dominion Energy (NYSE:DGet Free Report) last posted its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same period last year, the company earned $0.93 earnings per share. The business’s revenue was up 23.1% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities analysts anticipate that Dominion Energy Inc. will post 3.59 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, June 20th. Investors of record on Friday, May 29th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, May 29th. Dominion Energy’s payout ratio is 78.99%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of Dominion Energy by 46.2% during 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 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 worth about $655,142,000. Capital Research Global Investors lifted its holdings in 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 purchasing an additional 10,049,691 shares during the last quarter. London Co. of Virginia lifted its holdings in 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 purchasing an additional 2,165,195 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Dominion Energy by 15.7% in the first quarter. Bank of America Corp DE now owns 15,930,241 shares of the utilities provider’s stock valued at $984,808,000 after buying an additional 2,164,951 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Company Profile

(Get Free Report)

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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