Dominion Energy (NYSE:D) Stock Gets Price Target Cut from Truist Financial

Dominion Energy (NYSE:D) had its price target decreased by Truist Financial from $66.00 to $62.00 in a research report sent to investors on Monday,Benzinga reports. Truist Financial currently has a hold rating on the utilities provider’s stock.

D has been the topic of several other reports. Wells Fargo & Company raised shares of Dominion Energy to a “strong-buy” rating in a research note on Thursday, September 24th. TD Cowen upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $69.00 to $80.00 in a report on Wednesday, August 19th. Barclays decreased their price target on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. Morgan Stanley dropped their price target on shares of Dominion Energy from $68.00 to $66.00 and set an “equal weight” rating for the company in a research note on Friday, September 18th. Finally, Weiss Ratings downgraded shares of Dominion Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $69.87.

Dominion Energy Stock Performance

NYSE D opened at $62.88 on Monday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. The company has a market cap of $55.30 billion, a P/E ratio of 21.91, a P/E/G ratio of 2.89 and a beta of 0.64. The stock has a 50-day moving average of $64.63 and a two-hundred day moving average of $65.80. Dominion Energy has a 1-year low of $55.85 and a 1-year high of $72.99.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. The business’s quarterly revenue was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, analysts anticipate that Dominion Energy will post 3.59 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 20th. Shareholders of record on Friday, September 4th were given a $0.6675 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a yield of 4.2%. Dominion Energy’s dividend payout ratio (DPR) is currently 93.03%.

Hedge Funds Weigh In On Dominion Energy

A number of institutional investors and hedge funds have recently made changes to their positions in D. BlackRock Inc. acquired a new position in shares of Dominion Energy during the second quarter worth $4,986,439,000. Bank of America Corp DE purchased a new position in Dominion Energy in the second quarter valued at $996,984,000. Bank of New York Mellon Corp acquired a new stake in Dominion Energy in the second quarter valued at $697,388,000. Legal & General Group Plc acquired a new stake in Dominion Energy in the second quarter valued at $467,353,000. Finally, Pentwater Capital Management LP acquired a new stake in Dominion Energy in the second quarter valued at $239,015,000. 73.04% of the stock is owned by institutional investors and hedge funds.

More Dominion Energy News

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

• Positive Sentiment: Dominion Energy is expanding its EnergyShare assistance program in South Carolina, including support for seniors and home upgrades. The initiative may strengthen community relations and customer goodwill, although it is unlikely to materially affect near-term earnings. Dominion Energy Expands EnergyShare Program
• Positive Sentiment: Charleston officials advanced an updated agreement with Dominion intended to make underground powerline projects easier and faster to implement. More efficient project approvals could support grid modernization and reduce execution delays over time. Updated Dominion agreement aims to streamline underground powerline projects
• Neutral Sentiment: The latest market coverage characterized Dominion Energy as rising while the broader market declined, but it did not identify a major new earnings or corporate catalyst. Investors continue to focus on the utility’s earnings outlook, leverage and regulated growth prospects. Dominion Energy Rises As Market Takes a Dip: Key Facts
• Negative Sentiment: KeyCorp trimmed its Dominion Energy EPS forecasts slightly, lowering its estimates to $3.78 for fiscal 2027 and $4.04 for fiscal 2028. The small reductions signal somewhat softer expectations for future earnings growth. KeyCorp earnings estimate changes
• Negative Sentiment: Truist Financial also lowered its expectations for Dominion Energy’s stock price, adding pressure to investor sentiment and potentially limiting valuation upside. Separately, thousands of customers in Virginia Beach and Chesapeake experienced outages, creating short-term service and reputational risks, though the financial impact is not yet clear. Truist Financial Has Lowered Expectations for Dominion Energy Stock Price Thousands of Dominion Energy customers without power

Dominion Energy Company Profile

Dominion Energy, Inc is an energy company headquartered in Richmond, Virginia. Through its regulated utility operations, the company generates, transmits and distributes electricity and provides natural gas service to residential, commercial and industrial customers.

Dominion Energy’s primary electric utility operations serve customers in Virginia and northeastern North Carolina. The company also operates Dominion Energy South Carolina, which provides electric and natural gas services in South Carolina.