Dominion Energy Inc. (NYSE:D) Given Average Rating of "Hold" by Brokerages

Key Points

• Dominion Energy Inc. has received an average consensus rating of "Hold" from eight analysts, with one sell, six hold, and one buy recommendation.
• The stock's average twelve-month price target set by analysts is approximately $59.57, while the current stock price is around $58.79.
• Dominion Energy recently announced a quarterly dividend of $0.6675 per share, equating to an annualized dividend yield of 4.5% and a payout ratio of 92.07%.

Dominion Energy Inc. (NYSE:D - Get Free Report) has earned an average rating of "Hold" from the eight ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $59.5714.

D has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a research report on Thursday, August 21st. Morgan Stanley cut their target price on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th.

Dominion Energy Trading Down 0.6%

Shares of Dominion Energy stock traded down $0.36 during mid-day trading on Friday, hitting $58.49. The stock had a trading volume of 1,607,094 shares, compared to its average volume of 5,256,362. The firm has a 50-day moving average of $59.24 and a two-hundred day moving average of $56.36. The firm has a market cap of $49.92 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 1.26 and a beta of 0.60. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. Dominion Energy has a 12-month low of $48.07 and a 12-month high of $62.46.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). The business 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% on a year-over-year basis. During the same period last year, the company earned $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Sell-side analysts forecast that Dominion Energy will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.6%. The ex-dividend date is Friday, September 5th. Dominion Energy's payout ratio is 92.07%.

Insider Buying and Selling

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were bought 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 in the company, valued at approximately $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.11% of the stock is owned by company insiders.

Institutional Trading of Dominion Energy

Several institutional investors and hedge funds have recently bought and sold shares of D. CoreFirst Bank & Trust acquired a new position in Dominion Energy in the second quarter valued at $25,000. Orion Capital Management LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth about $27,000. Park Square Financial Group LLC purchased a new position in shares of Dominion Energy during the fourth quarter worth about $27,000. AlphaQuest LLC acquired a new position in Dominion Energy in the 1st quarter valued at about $27,000. Finally, Westside Investment Management Inc. increased its position in Dominion Energy by 123.3% in the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 259 shares during the period. Hedge funds and other institutional investors own 73.04% of the company's stock.

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.