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

Key Points

• Barclays has raised its price target for Dominion Energy's stock from $60.00 to $63.00, indicating a potential upside of 2.05% from the current price.
• Other analysts have mixed ratings on Dominion Energy, with JPMorgan maintaining an "underweight" rating and Evercore ISI issuing an "in-line" rating with a $67.00 target.
• Dominion Energy recently reported a quarterly earnings miss with an EPS of $0.75, below the consensus estimate, although its revenue exceeded expectations at $3.81 billion.

Dominion Energy (NYSE:D - Get Free Report) had its price target lifted by investment analysts at Barclays from $60.00 to $63.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the utilities provider's stock. Barclays's price objective would suggest a potential upside of 2.05% from the company's current price.

A number of other equities research analysts also recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a research report on Thursday, August 21st. Evercore ISI began coverage on Dominion Energy in a research note on Tuesday. They issued an "in-line" rating and a $67.00 price target on the stock. Morgan Stanley dropped their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Dominion Energy in a report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $62.00.

Dominion Energy Trading Up 0.4%

Shares of D stock opened at $61.74 on Tuesday. The company has a market capitalization of $52.69 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 1.34 and a beta of 0.62. Dominion Energy has a twelve month low of $48.07 and a twelve month high of $62.46. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The firm has a 50-day moving average price of $60.32 and a 200 day moving average price of $57.04.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). The firm had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business's quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Research analysts forecast that Dominion Energy will post 3.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Dominion Energy

In related news, CEO Robert M. Blue acquired 4,152 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were acquired at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the purchase, the chief executive officer directly owned 161,237 shares of the company's stock, valued at $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.11% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Dominion Energy by 16.2% during the second quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider's stock valued at $5,979,551,000 after buying an additional 14,715,895 shares in the last quarter. Norges Bank acquired a new position in Dominion Energy in the second quarter worth approximately $566,924,000. Wellington Management Group LLP raised its holdings in shares of Dominion Energy by 19.4% during the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider's stock valued at $994,917,000 after purchasing an additional 2,882,252 shares in the last quarter. Nuveen LLC acquired a new stake in Dominion Energy in the 1st quarter worth approximately $96,723,000. Finally, AQR Capital Management LLC lifted its position in Dominion Energy by 588.9% during the 1st quarter. AQR Capital Management LLC now owns 1,974,405 shares of the utilities provider's stock worth $109,678,000 after acquiring an additional 1,687,819 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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