Dominion Energy Inc. (NYSE:D) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Dominion Energy, with nine hold, five buy, and one sell rating among 15 analysts. The average 12-month price target is approximately $69.93.
• Dominion reported quarterly earnings of $0.79 per share, exceeding the $0.68 consensus estimate, while revenue rose 17.6% year over year to $4.48 billion. The company also declared a quarterly dividend of $0.6675 per share, representing a 4.1% annualized yield.
• Dominion and NextEra Energy have proposed expanded customer, employment, and supplier benefits to improve the odds of regulatory approval for their merger, but concerns over potential rate increases, fuel charges, climate policy, and operational issues remain significant risks.

Dominion Energy Inc. (NYSE:D - Get Free Report) has been given an average recommendation of "Hold" by the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $69.9286.

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group raised Dominion Energy from a "hold" rating to a "buy" rating and increased their price target for the company from $65.00 to $76.00 in a research note on Thursday, May 28th. Mizuho lifted their price objective on Dominion Energy from $66.00 to $72.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 26th. BMO Capital Markets upped their target price on Dominion Energy from $64.00 to $70.00 and gave the company a "market perform" rating in a report on Wednesday, July 22nd. Barclays decreased their target price 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. Finally, Royal Bank Of Canada raised their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 19th.

Dominion Energy News Summary

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

• Positive Sentiment: Dominion and NextEra offered significant new incentives ahead of a regulatory vote, including extending a $10 monthly residential bill credit from two years to four, increasing Dominion’s EnergyShare assistance by $100 million through 2038, and promising customers will not bear merger-related costs. Dominion and NextEra Virginia benefits package
• Positive Sentiment: The companies also proposed 1,000 new Virginia jobs, a shareholder-funded co-headquarters tower in Richmond, expanded workforce development, and a supplier program worth up to $1 billion annually for five years. These commitments could help address concerns from Virginia policymakers and improve the merger’s approval odds. Dominion and NextEra supplier program
• Neutral Sentiment: The merger remains subject to regulatory approval, and the companies’ decision to increase concessions highlights the difficulty of securing support from Virginia’s governor, legislators, and utility regulators. The added benefits could reduce political resistance but may also increase execution and financial commitments for the combined company. Expanded state benefits for merger
• Negative Sentiment: Critics argue the transaction could lead to higher electricity bills and more service shutoffs. Reports that Virginia customers incurred billions in unexpected fuel charges after Dominion forecast misses add to concerns about the company’s regulatory record and could make approval more challenging. Dominion fuel charge report
• Negative Sentiment: Debate over Dominion’s proposed large gas plant amid Virginia’s strengthened climate law adds another layer of environmental and regulatory risk. Recent localized outages affecting thousands of customers are a smaller but additional operational concern.

Hedge Funds Weigh In On Dominion Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in shares of Dominion Energy by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 1,077,536 shares of the utilities provider's stock valued at $73,585,000 after buying an additional 18,810 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Dominion Energy by 11.4% in the second quarter. Sequoia Financial Advisors LLC now owns 44,524 shares of the utilities provider's stock valued at $3,041,000 after acquiring an additional 4,549 shares during the period. National Pension Service grew its stake in Dominion Energy by 1.0% during the second quarter. National Pension Service now owns 1,276,493 shares of the utilities provider's stock valued at $87,172,000 after acquiring an additional 12,405 shares in the last quarter. Cidel Asset Management Inc. grew its stake in Dominion Energy by 2.3% during the second quarter. Cidel Asset Management Inc. now owns 9,258 shares of the utilities provider's stock valued at $632,000 after acquiring an additional 212 shares in the last quarter. Finally, Capital Analysts LLC increased its holdings in Dominion Energy by 10.1% during the 2nd quarter. Capital Analysts LLC now owns 7,289 shares of the utilities provider's stock worth $498,000 after acquiring an additional 666 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Price Performance

D stock opened at $64.45 on Tuesday. The company has a market capitalization of $56.69 billion, a P/E ratio of 22.46, a PEG ratio of 3.00 and a beta of 0.64. The company has a fifty day moving average price of $68.31 and a 200-day moving average price of $65.85. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. 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 issued its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. The company 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%. Dominion Energy's revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities analysts expect that Dominion Energy will post 3.57 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, September 4th. This represents a $2.67 annualized dividend and a dividend yield of 4.1%. Dominion Energy's dividend payout ratio is 93.03%.

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 service to residential, commercial and industrial customers, primarily in Virginia and South Carolina.

The company's electric generation portfolio includes nuclear, natural gas, renewable energy and hydroelectric resources. Dominion Energy also operates electric transmission and distribution networks, natural gas distribution systems and related energy infrastructure.

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