Dominion Energy (NYSE:D) Price Target Raised to $68.00

Dominion Energy (NYSE:D) had its price objective hoisted by Wells Fargo & Company from $66.00 to $68.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price target points to a potential upside of 8.00% from the company’s previous close.

A number of other brokerages have also commented on D. Scotiabank increased their price objective on Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Barclays upped their price target on Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Truist Financial began coverage on Dominion Energy in a research report on Tuesday, April 21st. They issued a “hold” rating and a $67.00 price objective for the company. Bank of America boosted their price objective on Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Finally, Mizuho raised their target price on shares of Dominion Energy from $62.00 to $66.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Dominion Energy has an average rating of “Hold” and a consensus price target of $66.31.

Dominion Energy Trading Down 0.0%

Shares of D opened at $62.96 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78. The company has a market cap of $55.37 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 3.30 and a beta of 0.65. The stock has a fifty day moving average price of $62.35 and a two-hundred day moving average price of $61.35. Dominion Energy has a 52-week low of $53.36 and a 52-week high of $67.57.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, May 1st. The utilities provider reported $0.95 EPS for the quarter, topping 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 analysts’ expectations of $4.43 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Analysts predict that Dominion Energy will post 3.59 EPS for the current fiscal year.

Institutional Trading of Dominion Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Motiv8 Investments LLC bought a new stake in Dominion Energy in the fourth quarter valued at approximately $25,000. Triumph Capital Management bought a new stake in shares of Dominion Energy in the 3rd quarter valued at $28,000. Blueline Advisors LLC acquired a new stake in Dominion Energy during the 4th quarter worth $28,000. United Community Bank acquired a new stake in Dominion Energy during the 3rd quarter worth $29,000. Finally, Costello Asset Management INC lifted its holdings in Dominion Energy by 66.7% during the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. 73.04% of the stock is owned by 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.