Dominion Energy Inc. (NYSE:D) Given Average Recommendation of “Hold” by Brokerages

Shares of Dominion Energy Inc. (NYSE:D) have been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $60.3333.

Several brokerages have recently weighed in on D. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a report on Saturday, September 27th. JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research report on Thursday, August 21st. Finally, Morgan Stanley dropped their target price on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th.

Dominion Energy Trading Down 0.0%

Shares of D opened at $61.50 on Tuesday. Dominion Energy has a 52-week low of $48.07 and a 52-week high of $62.46. The stock has a market cap of $52.49 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.34 and a beta of 0.62. The firm’s fifty day moving average is $60.32 and its two-hundred day moving average is $57.04. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D) last posted its quarterly 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 business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the prior year, the business posted $0.65 earnings per share. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Research analysts forecast that Dominion Energy will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, September 5th. Dominion Energy’s dividend payout ratio (DPR) is presently 92.07%.

Insider Buying and Selling

In other news, CEO Robert M. Blue bought 4,152 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were bought at an average cost 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 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 is available at the SEC website. 0.11% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in D. CoreFirst Bank & Trust acquired a new stake in Dominion Energy during the second quarter worth $25,000. AlphaQuest LLC purchased a new position in shares of Dominion Energy during the 1st quarter worth $27,000. Westside Investment Management Inc. increased its position in shares of 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 purchasing an additional 259 shares during the last quarter. VSM Wealth Advisory LLC purchased a new stake in Dominion Energy in the 1st quarter valued at about $28,000. Finally, Dagco Inc. acquired a new position in Dominion Energy in the first quarter valued at about $31,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

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.