Dominion Energy (NYSE:D) Earns Hold (C+) Rating from Weiss Ratings

Key Points

• Dominion Energy has received a "hold (C+)" rating from Weiss Ratings, with a consensus target price of $62.00 for the stock.
• The company's recent quarterly earnings report showed revenue of $3.81 billion, surpassing analyst expectations, although earnings per share were $0.02 below consensus estimates.
• Insider trading activity included CEO Robert M. Blue purchasing 4,152 shares at an average price of $60.35 per share, indicating confidence in the company's performance.

Dominion Energy (NYSE:D - Get Free Report)'s stock had its "hold (c+)" rating reiterated by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

D has been the subject of a number of other research reports. Evercore ISI initiated coverage on shares of Dominion Energy in a research report on Tuesday. They issued an "in-line" rating and a $67.00 price objective for the company. JPMorgan Chase & Co. increased their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a research report on Thursday, August 21st. Barclays raised their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Morgan Stanley decreased 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. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $62.00.

Dominion Energy Trading Down 0.5%

NYSE:D traded down $0.31 during trading hours on Wednesday, reaching $60.56. 5,312,261 shares of the stock were exchanged, compared to its average volume of 4,984,958. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The business has a 50-day moving average of $60.41 and a two-hundred day moving average of $57.09. Dominion Energy has a twelve month low of $48.07 and a twelve month high of $62.46. The company has a market capitalization of $51.68 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.32 and a beta of 0.62.

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

Insider Transactions at Dominion Energy

In related 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 price of $60.35 per share, for a total transaction of $250,573.20. Following the acquisition, the chief executive officer directly owned 161,237 shares in the company, valued at $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.11% of the company's stock.

Institutional Trading of Dominion Energy

Hedge funds have recently modified their holdings of the business. CoreFirst Bank & Trust acquired a new position in shares of Dominion Energy during the second quarter worth about $25,000. AlphaQuest LLC acquired a new stake in Dominion Energy during the first quarter valued at approximately $27,000. Westside Investment Management Inc. raised its stake in Dominion Energy by 123.3% during the second quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider's stock valued at $27,000 after buying an additional 259 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in shares of Dominion Energy during the first quarter valued at approximately $28,000. Finally, Dagco Inc. bought a new position in shares of Dominion Energy during the first quarter valued at approximately $31,000. 73.04% of the stock is owned by institutional investors and hedge funds.

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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