Barclays Raises Dominion Energy (NYSE:D) Price Target to $66.00

Dominion Energy (NYSE:D) had its target price increased by investment analysts at Barclays from $63.00 to $66.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target indicates a potential upside of 5.20% from the stock’s current price.

A number of other research firms have also recently issued reports on D. Weiss Ratings upgraded shares of Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Mizuho lifted their price objective on Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Scotiabank lifted their price objective on Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. cut their target price on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research note on Thursday, December 11th. Finally, Wells Fargo & Company reduced their price target on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average target price of $65.50.

Dominion Energy Price Performance

Shares of Dominion Energy stock traded up $0.05 during trading on Wednesday, hitting $62.74. 1,210,513 shares of the stock traded hands, compared to its average volume of 5,399,470. The company has a quick ratio of 0.59, a current ratio of 0.77 and a debt-to-equity ratio of 1.36. Dominion Energy has a 52 week low of $48.07 and a 52 week high of $67.57. The firm’s fifty day moving average is $62.71 and its 200-day moving average is $61.03. The stock has a market cap of $55.15 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.70 and a beta of 0.67.

Dominion Energy (NYSE:D) last released its earnings results on Monday, February 23rd. The utilities provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. Dominion Energy had a net margin of 18.05% and a return on equity of 9.67%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the firm earned $0.58 EPS. The firm’s quarterly 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. Research analysts expect that Dominion Energy will post 3.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Dominion Energy

Several hedge funds have recently bought and sold shares of the business. AustralianSuper Pty Ltd lifted its stake in shares of Dominion Energy by 1,785.9% in the third quarter. AustralianSuper Pty Ltd now owns 519,100 shares of the utilities provider’s stock worth $31,753,000 after buying an additional 491,574 shares in the last quarter. Kera Capital Partners Inc. bought a new position in shares of Dominion Energy in the third quarter worth approximately $3,574,000. Vanguard Group Inc. lifted its stake in shares of Dominion Energy by 0.3% in the third quarter. Vanguard Group Inc. now owns 106,158,920 shares of the utilities provider’s stock worth $6,493,741,000 after buying an additional 363,610 shares in the last quarter. ANTIPODES PARTNERS Ltd lifted its stake in shares of Dominion Energy by 84,502.3% in the third quarter. ANTIPODES PARTNERS Ltd now owns 1,735,194 shares of the utilities provider’s stock worth $106,150,000 after buying an additional 1,733,143 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of Dominion Energy by 36.7% during the third quarter. Citigroup Inc. now owns 2,422,315 shares of the utilities provider’s stock valued at $148,173,000 after purchasing an additional 649,989 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

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.