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

Key Points

• Dominion Energy Inc. has received an average rating of "Hold" from ten research firms, with one sell recommendation, eight holds, and one buy recommendation.
• The average 12-month price target for the stock among analysts is approximately $62.43, with recent adjustments made by firms such as Morgan Stanley and Barclays.
• The company announced a quarterly dividend of $0.6675 per share, reflecting a 4.4% yield, alongside a payout ratio currently at 92.07%.

Dominion Energy Inc. (NYSE:D - Get Free Report) has earned an average recommendation of "Hold" from the ten research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $62.4286.

Several equities analysts have weighed in on the company. Evercore ISI assumed coverage on Dominion Energy in a report on Tuesday, October 7th. They set an "in-line" rating and a $67.00 price objective for the company. Morgan Stanley increased their target price on Dominion Energy from $63.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Barclays increased their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 7th. Weiss Ratings restated a "hold (c+)" rating on shares of Dominion Energy in a research report on Friday. Finally, JPMorgan Chase & Co. increased their target price on Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a research report on Thursday, August 21st.

Insider Activity

In related news, CEO Robert M. Blue bought 4,152 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were purchased at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the transaction, the chief executive officer directly owned 161,237 shares in the company, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dominion Energy

Several institutional investors have recently made changes to their positions in the stock. Godsey & Gibb Inc. lifted its position in shares of Dominion Energy by 0.3% during the third quarter. Godsey & Gibb Inc. now owns 384,229 shares of the utilities provider's stock worth $23,503,000 after acquiring an additional 1,295 shares in the last quarter. MGO One Seven LLC raised its position in shares of Dominion Energy by 75.5% in the third quarter. MGO One Seven LLC now owns 14,530 shares of the utilities provider's stock worth $889,000 after buying an additional 6,252 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Dominion Energy in the third quarter worth $213,000. Culbertson A N & Co. Inc. raised its position in shares of Dominion Energy by 2.3% in the third quarter. Culbertson A N & Co. Inc. now owns 15,512 shares of the utilities provider's stock worth $949,000 after buying an additional 345 shares in the last quarter. Finally, Tandem Investment Partners LLC purchased a new stake in shares of Dominion Energy in the third quarter worth $444,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Price Performance

Shares of NYSE D opened at $61.05 on Friday. The stock has a fifty day simple moving average of $60.40 and a two-hundred day simple moving average of $57.67. Dominion Energy has a 1-year low of $48.07 and a 1-year high of $62.52. The firm has a market cap of $52.10 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 2.20 and a beta of 0.62. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

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 for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the company posted $0.65 earnings per share. Dominion Energy's revenue for the quarter was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Analysts anticipate that Dominion Energy will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

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

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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