Jefferies Financial Group Upgrades Dominion Energy (NYSE:D) to “Buy”

Dominion Energy (NYSE:D) was upgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report issued on Thursday. The brokerage currently has a $76.00 price objective on the utilities provider’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 12.98% from the stock’s current price.

A number of other analysts have also issued reports on the company. Mizuho lifted their price target on Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday. Royal Bank Of Canada lifted their price target on Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Weiss Ratings raised Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Barclays lifted their price target on Dominion Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Wall Street Zen downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $67.77.

Dominion Energy Stock Down 0.0%

Dominion Energy stock opened at $67.27 on Thursday. The firm has a market cap of $59.16 billion, a price-to-earnings ratio of 19.90 and a beta of 0.65. Dominion Energy has a 52 week low of $53.36 and a 52 week high of $68.97. The business’s 50-day moving average price is $63.10 and its 200 day moving average price is $61.82. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, May 1st. The utilities provider reported $0.95 EPS for the quarter, beating 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 analyst estimates of $4.43 billion. During the same period last year, the company earned $0.93 earnings per share. Dominion Energy’s quarterly revenue was up 23.1% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, sell-side analysts anticipate that Dominion Energy will post 3.59 earnings per share for the current year.

Hedge Funds Weigh In On Dominion Energy

Institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its position in Dominion Energy by 46.2% in 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 purchasing an additional 14,197,581 shares during the period. Norges Bank purchased a new stake in Dominion Energy in the fourth quarter valued at $655,142,000. Capital Research Global Investors raised its position in Dominion Energy by 22.4% in the third quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock valued at $3,355,175,000 after purchasing an additional 10,049,691 shares during the period. London Co. of Virginia raised its position in Dominion Energy by 45.3% in the first quarter. London Co. of Virginia now owns 6,943,525 shares of the utilities provider’s stock valued at $429,250,000 after purchasing an additional 2,165,195 shares during the period. Finally, Bank of America Corp DE raised its position in Dominion Energy by 15.7% in the first quarter. Bank of America Corp DE now owns 15,930,241 shares of the utilities provider’s stock valued at $984,808,000 after purchasing an additional 2,164,951 shares during the period. Hedge funds and other 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.