Dominion Energy (NYSE:D) Sets New 52-Week High - What's Next?

Key Points

• Dominion Energy shares have reached a new 52-week high of $62.51, closing at $62.37 with over 654,000 shares traded on the day.
• The company has set a fiscal year 2025 guidance of 3.280-3.520 EPS, with analysts forecasting an EPS of 3.39 for the current year.
• Dominion Energy recently announced a quarterly dividend of $0.6675 per share, representing a 4.3% dividend yield and a payout ratio of 92.07%.

Dominion Energy Inc. (NYSE:D - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $62.51 and last traded at $62.37, with a volume of 654453 shares. The stock had previously closed at $61.69.

Analyst Ratings Changes

D has been the topic of several analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Barclays boosted their target price on Dominion Energy from $60.00 to $63.00 and gave the company an "overweight" rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. upped their price objective on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a research report on Thursday, August 21st. Evercore ISI started coverage on Dominion Energy in a research report on Tuesday, October 7th. They issued an "in-line" rating and a $67.00 price objective on the stock. Finally, Morgan Stanley cut their price objective on Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $62.00.

Dominion Energy Stock Up 0.8%

The firm has a market capitalization of $53.08 billion, a PE ratio of 21.45, a PEG ratio of 1.33 and a beta of 0.62. The company has a fifty day simple moving average of $60.48 and a two-hundred day simple moving average of $57.34. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67.

Dominion Energy (NYSE:D - Get Free Report) last issued 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). 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 quarter in the prior year, the company posted $0.65 earnings per share. Dominion Energy'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. Analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, September 5th. Dominion Energy's dividend payout ratio is currently 92.07%.

Insider Buying and Selling at Dominion Energy

In related news, CEO Robert M. Blue acquired 4,152 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the purchase, the chief executive officer directly owned 161,237 shares of the company's stock, valued at $9,730,652.95. This trade represents a 2.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dominion Energy

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Dominion Energy by 16.2% during the 2nd quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider's stock worth $5,979,551,000 after purchasing an additional 14,715,895 shares during the last quarter. State Street Corp increased its position in Dominion Energy by 2.9% during the 2nd quarter. State Street Corp now owns 46,341,408 shares of the utilities provider's stock valued at $2,619,216,000 after buying an additional 1,313,621 shares in the last quarter. Dodge & Cox increased its position in Dominion Energy by 3.0% during the 1st quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider's stock valued at $1,306,901,000 after buying an additional 685,245 shares in the last quarter. Geode Capital Management LLC increased its position in Dominion Energy by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 19,725,397 shares of the utilities provider's stock valued at $1,112,697,000 after buying an additional 575,350 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Dominion Energy by 19.4% during the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider's stock valued at $994,917,000 after buying an additional 2,882,252 shares in the last quarter. 73.04% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.