Dominion Energy Inc. (NYSE:D) Receives Average Rating of "Hold" from Analysts

Key Points

• Dominion Energy Inc. has received an average rating of "Hold" from analysts, with one sell rating, five holds, and one buy rating. The average price target is $60.33.
• CEO Robert M. Blue purchased 4,152 shares at an average cost of $60.35, increasing his position in the company by 2.64%.
• The company reported a net margin of 16.45% and a revenue increase of 9.3% year-over-year for the last quarter, although earnings per share fell short of analyst expectations.

Shares of Dominion Energy Inc. (NYSE:D - Get Free Report) have received an average rating of "Hold" from the seven brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $60.3333.

A number of brokerages recently commented on D. Morgan Stanley cut their target price on 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. JPMorgan Chase & Co. upped their target price on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a research note on Thursday, August 21st.

Insider Transactions at Dominion Energy

In related news, CEO Robert M. Blue acquired 4,152 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was purchased at an average cost 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Institutional Trading of Dominion Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Dominion Energy by 16.2% in 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. State Street Corp increased its stake in shares of Dominion Energy by 2.9% in the second quarter. State Street Corp now owns 46,341,408 shares of the utilities provider's stock valued at $2,619,216,000 after buying an additional 1,313,621 shares in the last quarter. Dodge & Cox increased its stake in shares of Dominion Energy by 3.0% in the first quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider's stock valued at $1,306,901,000 after buying an additional 685,245 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Dominion Energy by 3.0% in the second quarter. Geode Capital Management LLC now owns 19,725,397 shares of the utilities provider's stock valued at $1,112,697,000 after buying an additional 575,350 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Dominion Energy by 19.4% in the first quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider's stock valued at $994,917,000 after buying an additional 2,882,252 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of NYSE D opened at $60.96 on Tuesday. The business has a fifty day simple moving average of $60.05 and a 200 day simple moving average of $56.82. 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 market capitalization of $52.03 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 1.31 and a beta of 0.60. Dominion Energy has a one year low of $48.07 and a one year high of $62.46.

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

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.4%. The ex-dividend date was Friday, September 5th. Dominion Energy's dividend payout ratio is currently 92.07%.

Dominion Energy Company Profile

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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