Dominion Energy (NYSE:D) Raised to Hold at Evercore ISI

Key Points

• Dominion Energy was upgraded to a "hold" rating by Evercore ISI, reflecting a cautious outlook on the stock after recent performance.
• JPMorgan Chase & Co. raised their price target for Dominion Energy from $56.00 to $59.00, while Barclays increased it from $60.00 to $63.00, indicating mixed sentiments among analysts.
• In the latest earnings report, Dominion Energy missed earnings expectations but reported a revenue increase of 9.3% year-over-year, suggesting growth potential despite missing profit targets.

Dominion Energy (NYSE:D - Get Free Report) was upgraded by investment analysts at Evercore ISI to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts have also commented on D. JPMorgan Chase & Co. upped 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 upped their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "overweight" rating in a research report on Tuesday. Weiss Ratings restated a "hold (c+)" rating on shares of Dominion Energy in a research report on Saturday, September 27th. Finally, Morgan Stanley lowered their price target on shares of Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $62.00.

Dominion Energy Stock Down 1.0%

D stock opened at $60.86 on Monday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. Dominion Energy has a 1-year low of $48.07 and a 1-year high of $62.46. The firm has a fifty day moving average price of $60.37 and a two-hundred day moving average price of $57.07. The firm has a market cap of $51.94 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.33 and a beta of 0.62.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results 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). The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Research analysts predict that Dominion Energy will post 3.39 EPS for the current year.

Insiders Place Their Bets

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 stock was bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the acquisition, the chief executive officer owned 161,237 shares of the company's stock, valued at $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.11% of the company's stock.

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 stake in Dominion Energy during the 2nd quarter worth about $25,000. AlphaQuest LLC acquired a new stake in Dominion Energy during the 1st quarter worth about $27,000. Westside Investment Management Inc. raised its holdings in Dominion Energy by 123.3% during the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider's stock worth $27,000 after buying an additional 259 shares during the period. VSM Wealth Advisory LLC acquired a new stake in Dominion Energy during the 1st quarter worth about $28,000. Finally, Dagco Inc. acquired a new stake in Dominion Energy during the 1st quarter worth about $31,000. Institutional investors and hedge funds 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.

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