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

Key Points

• Truist Financial cut Dominion Energy’s price target from $66 to $62 and maintained a “hold” rating, implying roughly 0.55% downside from the prior close.
• Analyst sentiment remains mixed but centers on “hold,” with a consensus price target of $69.69; ratings include one Strong Buy, four Buys, eight Holds, and one Sell.
• Dominion Energy recently exceeded quarterly expectations, reporting $0.79 in EPS versus a $0.68 estimate and $4.48 billion in revenue, up 17.6% year over year. Institutional investors own approximately 73% of the company.

Dominion Energy (NYSE:D - Get Free Report) had its price objective cut by stock analysts at Truist Financial from $66.00 to $62.00 in a research report issued on Monday, Benzinga reports. The firm presently has a "hold" rating on the utilities provider's stock. Truist Financial's target price would indicate a potential downside of 0.55% from the stock's previous close.

D has been the topic of several other research reports. Wells Fargo & Company upgraded Dominion Energy to a "strong-buy" rating in a research note on Thursday, September 24th. UBS Group set a $80.00 price target on Dominion Energy in a report on Wednesday, August 19th. BMO Capital Markets lifted their price target on Dominion Energy from $64.00 to $70.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 22nd. TD Cowen upgraded shares of Dominion Energy from a "hold" rating to a "buy" rating and upped their price target for the stock from $69.00 to $80.00 in a research note on Wednesday, August 19th. Finally, Morgan Stanley cut their price objective on shares of Dominion Energy from $68.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $69.69.

Dominion Energy Price Performance

NYSE D traded up $0.70 on Monday, reaching $62.34. 1,265,145 shares of the company's stock traded hands, compared to its average volume of 5,540,581. The stock has a market cap of $54.83 billion, a PE ratio of 21.72, a P/E/G ratio of 2.86 and a beta of 0.64. The stock has a 50-day simple moving average of $65.00 and a 200 day simple moving average of $65.75. Dominion Energy has a 12 month low of $55.85 and a 12 month high of $72.99. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64.

Dominion Energy (NYSE:D - Get Free Report) last issued its 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. The firm 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% on a year-over-year basis. During the same quarter last year, the business earned $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, research analysts predict that Dominion Energy will post 3.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in D. BlackRock Inc. bought a new position in Dominion Energy during the 2nd quarter valued at approximately $4,986,439,000. State Street Corp boosted its position in Dominion Energy by 3.5% during the 2nd quarter. State Street Corp now owns 50,917,469 shares of the utilities provider's stock valued at $3,477,154,000 after acquiring an additional 1,704,954 shares in the last quarter. Bank of America Corp DE purchased a new stake in Dominion Energy in the second quarter worth $996,984,000. Bank of New York Mellon Corp bought a new position in shares of Dominion Energy in the 2nd quarter worth about $697,388,000. Finally, Legal & General Group Plc purchased a new stake in Dominion Energy in the second quarter worth about $467,353,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

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.

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