Wells Fargo & Company Cuts Dominion Energy (NYSE:D) Price Target to $64.00

Dominion Energy (NYSE:D) had its price target cut by Wells Fargo & Company from $67.00 to $64.00 in a report released on Tuesday,Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada reiterated a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a report on Tuesday, October 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research report on Monday, December 29th. BMO Capital Markets reduced their price target on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. JPMorgan Chase & Co. dropped their price objective on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a report on Thursday, December 11th. Finally, Evercore ISI began coverage on Dominion Energy in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price objective on the stock. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $64.33.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $59.92 on Tuesday. The stock has a market cap of $51.17 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. 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 stock has a 50 day moving average price of $59.72 and a 200-day moving average price of $59.86. Dominion Energy has a one year low of $48.07 and a one year high of $62.87.

Dominion Energy (NYSE:D) last released its quarterly earnings results 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 company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.Dominion Energy’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Equities analysts expect that Dominion Energy will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 20th. Shareholders of record on Friday, December 5th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, December 5th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.82%.

Hedge Funds Weigh In On Dominion Energy

Institutional investors have recently made changes to their positions in the company. CoreFirst Bank & Trust bought a new position in Dominion Energy during the 2nd quarter worth about $25,000. Triumph Capital Management bought a new position in shares of Dominion Energy during the third quarter valued at approximately $28,000. Westside Investment Management Inc. boosted its stake in shares of Dominion Energy by 123.3% during the second quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 259 shares in the last quarter. United Community Bank purchased a new position in Dominion Energy during the third quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC bought a new position in Dominion Energy in the third quarter worth approximately $30,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Key Dominion Energy News

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

• Positive Sentiment: Regulatory/contract progress — Dominion secured approval to restart work on the Coastal Virginia offshore wind project, reducing execution risk on a major long‑term growth initiative. Dominion Secures OK to Restart Work on Coastal Virginia Offshore Wind
• Positive Sentiment: Legal win supports project economics — Virginia offshore wind has won favorable court outcomes that bolster the long‑running ~$11B project’s viability and limit near‑term legal uncertainty. $11B Virginia Offshore Wind Project is Latest to Win Its Day in Court
• Neutral Sentiment: Operational readiness for winter — Dominion has repeatedly communicated preparedness plans and outage warnings ahead of winter storms; this signals proactive operations but also highlights short‑term outage and cost risk tied to severe weather. Dominion Energy preparing for winter weather
• Negative Sentiment: Analyst pushback — Barclays trimmed its price target from $64 to $63 while keeping an overweight rating (smaller upside), and Wells Fargo lowered expectations for the stock; both moves add near‑term analyst pressure on the shares. Barclays lowers price target
• Negative Sentiment: Local opposition/regulatory risk — The Prince William School Board asked Dominion to reconsider a proposed power line on school property, signaling potential delays, added costs or reputational hit from community resistance. Prince William School Board asks Dominion to reconsider power line on school property
• Negative Sentiment: Policy headwinds — Solar advocates pushing back against Dominion’s net‑metering proposal could pressure future customer growth, regulatory outcomes and margins in key service territories. Solar advocates push against Dominion’s net metering proposal
• Negative Sentiment: Market reaction / headline selling — Coverage noting the stock “slid” and commentary on higher bills and outage risks has coincided with intraday selling pressure, amplifying downside momentum. Dominion Energy (D) Stock Slides as Market Rises

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.