JPMorgan Chase & Co. Has Lowered Expectations for Dominion Energy (NYSE:D) Stock Price

Dominion Energy (NYSE:D) had its target price lowered by stock analysts at JPMorgan Chase & Co. from $62.00 to $59.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 1.26% from the stock’s current price.

D has been the topic of several other reports. Morgan Stanley increased their target price on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dominion Energy in a research report on Monday. Wells Fargo & Company started coverage on shares of Dominion Energy in a research note on Tuesday, October 28th. They set an “overweight” rating and a $67.00 target price for the company. Barclays boosted 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, October 7th. Finally, BTIG Research assumed coverage on shares of Dominion Energy in a research report on Wednesday, October 22nd. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $64.22.

Dominion Energy Stock Performance

Shares of NYSE:D traded up $0.21 on Thursday, reaching $58.27. 3,029,379 shares of the company’s stock were exchanged, compared to its average volume of 5,214,160. Dominion Energy has a fifty-two week low of $48.07 and a fifty-two week high of $62.87. The business’s 50-day moving average is $60.61 and its two-hundred day moving average is $59.17. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $49.76 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.68 and a beta of 0.70.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, equities research analysts forecast that Dominion Energy will post 3.39 EPS for the current year.

Institutional Trading of Dominion Energy

Institutional investors have recently modified their holdings of the company. CoreFirst Bank & Trust acquired a new position in shares of Dominion Energy in the second quarter valued at $25,000. AlphaQuest LLC bought a new stake in Dominion Energy in the 1st quarter valued at $27,000. Westside Investment Management Inc. raised its stake in shares of Dominion Energy by 123.3% in the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after buying an additional 259 shares in the last quarter. Triumph Capital Management acquired a new stake in shares of Dominion Energy during the 3rd quarter valued at about $28,000. Finally, United Community Bank acquired a new stake in Dominion Energy during the third quarter valued at approximately $29,000. 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.