Barclays Issues Pessimistic Forecast for Dominion Energy (NYSE:D) Stock Price

Key Points

• Barclays lowered Dominion Energy’s price target from $69 to $65 while maintaining an “overweight” rating, implying 4.53% upside from the prior close.
• Analyst sentiment is mixed, with Dominion carrying a consensus “Hold” rating and an average price target of $69.60; targets range from $62 to $80.
• Dominion shares fell 2.2% to $62.19, despite the company exceeding quarterly earnings and revenue expectations. Institutional investors own approximately 73% of the stock.

Dominion Energy (NYSE:D - Get Free Report) had its price objective decreased by stock analysts at Barclays from $69.00 to $65.00 in a report released on Monday, Benzinga reports. The brokerage currently has an "overweight" rating on the utilities provider's stock. Barclays's price objective suggests a potential upside of 4.53% from the stock's previous close.

Several other research analysts have also issued reports on the company. TD Cowen upgraded Dominion Energy from a "hold" rating to a "buy" rating and boosted their target price for the company from $69.00 to $80.00 in a research report on Wednesday, August 19th. Truist Financial cut their target price on Dominion Energy from $66.00 to $62.00 and set a "hold" rating on the stock in a research note on Monday, October 12th. Wells Fargo & Company upgraded Dominion Energy to a "strong-buy" rating in a report on Thursday, September 24th. Scotiabank decreased their price target on Dominion Energy from $67.00 to $63.00 and set a "sector perform" rating for the company in a research note on Wednesday, September 30th. Finally, Jefferies Financial Group decreased their price target on Dominion Energy from $79.00 to $71.00 and set a "buy" rating for the company in a research note on Monday, September 21st. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $69.60.

Dominion Energy Trading Down 2.2%

NYSE D traded down $1.38 on Monday, hitting $62.19. 1,728,657 shares of the stock were exchanged, compared to its average volume of 5,514,798. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. The stock has a fifty day moving average price of $64.47 and a two-hundred day moving average price of $65.82. The firm has a market capitalization of $54.69 billion, a P/E ratio of 21.67, a P/E/G ratio of 2.95 and a beta of 0.64. Dominion Energy has a 52-week low of $55.85 and a 52-week high of $72.99.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.11. The business had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The business's revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Research analysts forecast that Dominion Energy will post 3.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Dominion Energy

Several hedge funds have recently made changes to their positions in D. BlackRock Inc. purchased a new position in Dominion Energy in the 2nd quarter valued at $4,986,439,000. Bank of America Corp DE acquired a new position in Dominion Energy during the second quarter worth about $996,984,000. Bank of New York Mellon Corp acquired a new position in Dominion Energy during the second quarter worth about $697,388,000. Legal & General Group Plc acquired a new position in Dominion Energy during the second quarter worth about $467,353,000. Finally, Pentwater Capital Management LP purchased a new stake in Dominion Energy during the 2nd quarter valued at about $239,015,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

About Dominion Energy

Dominion Energy, Inc is a regulated energy company headquartered in Richmond, Virginia. Through its utility operations, the company generates, transmits and distributes electricity and provides natural gas distribution services to residential, commercial, industrial and governmental customers, primarily in Virginia and South Carolina.

The company operates a diversified power-generation portfolio that includes nuclear, natural gas, renewable energy and other resources. Its activities also include electricity transmission infrastructure, renewable energy development and natural gas utility operations.

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