Dominion Energy (NYSE:D) Hits New 52-Week High - Should You Buy?

Key Points

• Dominion Energy reached a new 52-week high of $62.46 during trading, last priced at $62.01, indicating strong market performance.
• Analysts currently have a consensus rating of Hold for Dominion Energy with a price target of $59.14, and have issued mixed ratings on the stock.
• The company has announced a quarterly dividend of $0.6675, which represents a 4.3% yield and a payout ratio of 92.07%.

Dominion Energy Inc. (NYSE:D - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $62.46 and last traded at $62.01, with a volume of 551297 shares. The stock had previously closed at $61.30.

Analyst Ratings Changes

A number of analysts have recently issued reports on D shares. Morgan Stanley cut their target price on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. JPMorgan Chase & Co. lifted their price objective on shares of Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Dominion Energy presently has a consensus rating of "Hold" and a consensus price target of $59.14.

Dominion Energy Stock Performance

The stock has a market capitalization of $52.74 billion, a PE ratio of 21.34, a P/E/G ratio of 1.31 and a beta of 0.57. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The business's fifty day moving average price is $57.92 and its 200-day moving average price is $55.92.

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

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's dividend payout ratio (DPR) is currently 92.07%.

Institutional Investors Weigh In On Dominion Energy

A number of institutional investors and hedge funds have recently bought and sold shares of D. Sowell Financial Services LLC purchased a new position in shares of Dominion Energy during the first quarter worth approximately $314,000. QRG Capital Management Inc. raised its stake in shares of Dominion Energy by 13.8% during the first quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock worth $503,000 after acquiring an additional 1,087 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Dominion Energy by 114.8% during the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock worth $680,000 after acquiring an additional 6,462 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Dominion Energy by 7.0% during the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock worth $527,000 after acquiring an additional 616 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its stake in shares of Dominion Energy by 222.7% during the first quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider's stock worth $51,000 after acquiring an additional 628 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

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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