Dominion Energy (NYSE:D) Now Covered by Analysts at TD Cowen

Equities researchers at TD Cowen initiated coverage on shares of Dominion Energy (NYSE:D) in a research report issued to clients and investors on Friday. The firm set a “hold” rating and a $65.00 price target on the utilities provider’s stock. TD Cowen’s price target suggests a potential upside of 11.49% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. Barclays lifted their price target on Dominion Energy from $63.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, December 17th. BTIG Research initiated coverage on Dominion Energy in a research note on Wednesday, October 22nd. They set a “neutral” rating for the company. Morgan Stanley boosted their target price on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a report on Monday, December 29th. Finally, BMO Capital Markets reduced their price objective 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. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $64.78.

Dominion Energy Stock Up 0.9%

Shares of NYSE D traded up $0.50 during mid-day trading on Friday, reaching $58.30. The company had a trading volume of 189,912 shares, compared to its average volume of 5,091,839. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84. The company has a market capitalization of $49.79 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.54 and a beta of 0.72. The stock has a fifty day moving average of $59.78 and a two-hundred day moving average of $59.61. Dominion Energy has a 12-month low of $48.07 and a 12-month high of $62.87.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.04. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, equities research analysts expect that Dominion Energy will post 3.39 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Patton Fund Management Inc. acquired a new position in shares of Dominion Energy in the 2nd quarter valued at $235,000. Rockefeller Capital Management L.P. increased its position in shares of Dominion Energy by 6.9% during the second quarter. Rockefeller Capital Management L.P. now owns 186,885 shares of the utilities provider’s stock worth $10,563,000 after purchasing an additional 12,041 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Dominion Energy by 16.2% in the 2nd quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock valued at $5,979,551,000 after purchasing an additional 14,715,895 shares during the period. Bryn Mawr Trust Advisors LLC grew its stake in Dominion Energy by 19.0% during the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 104,710 shares of the utilities provider’s stock worth $5,918,000 after buying an additional 16,731 shares during the last quarter. Finally, Virtus Advisers LLC acquired a new position in Dominion Energy during the second quarter worth approximately $240,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

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.