Weekly Investment Analysts’ Ratings Updates for Dominion Energy (D)

A number of firms have modified their ratings and price targets on shares of Dominion Energy (NYSE: D) recently:

• 9/13/2023 – Dominion Energy had its price target lowered by analysts at Royal Bank of Canada from $71.00 to $53.00. They now have a “sector perform” rating on the stock.
• 9/11/2023 – Dominion Energy had its price target lowered by analysts at Scotiabank from $68.00 to $60.00. They now have a “sector outperform” rating on the stock.
• 9/8/2023 – Dominion Energy had its price target lowered by analysts at JPMorgan Chase & Co. from $57.00 to $55.00. They now have a “neutral” rating on the stock.
• 9/6/2023 – Dominion Energy had its price target lowered by analysts at BMO Capital Markets from $54.00 to $50.00. They now have an “outperform” rating on the stock.
• 9/6/2023 – Dominion Energy had its price target lowered by analysts at Mizuho from $58.00 to $46.00. They now have a “neutral” rating on the stock.
• 8/23/2023 – Dominion Energy had its price target lowered by analysts at Morgan Stanley from $55.00 to $50.00. They now have an “equal weight” rating on the stock.
• 8/23/2023 – Dominion Energy is now covered by analysts at Barclays PLC. They set an “equal weight” rating and a $52.00 price target on the stock.
• 8/17/2023 – Dominion Energy had its price target raised by analysts at JPMorgan Chase & Co. from $55.00 to $57.00. They now have a “neutral” rating on the stock.
• 8/17/2023 – Dominion Energy is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 8/7/2023 – Dominion Energy had its price target lowered by analysts at BMO Capital Markets from $61.00 to $54.00. They now have an “outperform” rating on the stock.
• 7/21/2023 – Dominion Energy had its price target lowered by analysts at Morgan Stanley from $58.00 to $55.00. They now have an “equal weight” rating on the stock.

Dominion Energy Price Performance

D opened at $48.65 on Tuesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.44. The company’s 50 day simple moving average is $49.95 and its 200-day simple moving average is $52.80. Dominion Energy, Inc. has a one year low of $45.76 and a one year high of $81.31. The stock has a market capitalization of $40.70 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 3.71 and a beta of 0.46.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.72 billion. Dominion Energy had a return on equity of 11.94% and a net margin of 12.71%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.77 EPS. Sell-side analysts anticipate that Dominion Energy, Inc. will post 3.26 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $2.67 annualized dividend and a yield of 5.49%. Dominion Energy’s dividend payout ratio is currently 98.89%.

Hedge Funds Weigh In On Dominion Energy

Large investors have recently bought and sold shares of the business. Tucker Asset Management LLC bought a new stake in shares of Dominion Energy in the 1st quarter valued at about $25,000. Operose Advisors LLC increased its stake in Dominion Energy by 158.0% in the second quarter. Operose Advisors LLC now owns 516 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 316 shares in the last quarter. Pacific Center for Financial Services acquired a new stake in Dominion Energy in the first quarter worth $28,000. AXS Investments LLC bought a new position in shares of Dominion Energy during the fourth quarter worth $30,000. Finally, Core Alternative Capital grew its holdings in shares of Dominion Energy by 63.0% in the 1st quarter. Core Alternative Capital now owns 533 shares of the utilities provider’s stock valued at $30,000 after buying an additional 206 shares during the period. 70.66% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy, Inc produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.