Dominion Energy (NYSE:D) Given New $67.00 Price Target at Scotiabank

Dominion Energy (NYSE:D) had its target price hoisted by investment analysts at Scotiabank from $63.00 to $67.00 in a report released on Monday,Benzinga reports. The firm currently has a “sector perform” rating on the utilities provider’s stock. Scotiabank’s price objective would suggest a potential upside of 6.24% from the company’s previous close.

D has been the topic of a number of other research reports. Weiss Ratings upgraded Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. TD Cowen initiated coverage on Dominion Energy in a research note on Friday, January 9th. They issued a “hold” rating and a $65.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research report on Thursday, December 11th. Wells Fargo & Company dropped their price target on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Finally, Barclays cut their price objective on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Three 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $64.73.

Dominion Energy Stock Performance

Shares of Dominion Energy stock traded down $0.07 during trading hours on Monday, reaching $63.07. The company’s stock had a trading volume of 3,175,028 shares, compared to its average volume of 6,231,213. Dominion Energy has a one year low of $48.07 and a one year high of $67.57. The company’s 50 day simple moving average is $61.17 and its 200 day simple moving average is $60.63. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 0.77. The stock has a market cap of $55.42 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 1.71 and a beta of 0.71.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Monday, February 23rd. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. Dominion Energy had a net margin of 18.05% and a return on equity of 9.67%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the business earned $0.58 earnings per share. The firm’s revenue was up 20.4% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, analysts expect that Dominion Energy will post 3.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Dominion Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Dominion Energy by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider’s stock valued at $6,274,975,000 after acquiring an additional 940,838 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Dominion Energy by 9.0% in the 4th quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock worth $3,503,142,000 after purchasing an additional 4,940,692 shares during the period. State Street Corp boosted its stake in shares of Dominion Energy by 3.6% during 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 purchasing an additional 1,686,050 shares in the last quarter. Wellington Management Group LLP increased its holdings in 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 buying an additional 14,197,581 shares during the period. Finally, Geode Capital Management LLC raised its stake in 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 worth $1,196,056,000 after buying an additional 314,932 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

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.