Barclays Issues Pessimistic Forecast for Dominion Energy (NYSE:D) Stock Price

Dominion Energy (NYSE:D) had its target price decreased by research analysts at Barclays from $70.00 to $69.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price objective would suggest a potential upside of 1.55% from the company’s previous close.

A number of other research firms have also issued reports on D. Morgan Stanley dropped their target price on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings raised shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Seaport Research Partners downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Jefferies Financial Group raised shares of Dominion Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $65.00 to $76.00 in a research note on Thursday, May 28th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $67.62.

Dominion Energy Stock Performance

NYSE D opened at $67.94 on Tuesday. The company has a market cap of $59.75 billion, a PE ratio of 20.10 and a beta of 0.65. The stock’s 50 day simple moving average is $65.01 and its 200-day simple moving average is $62.55. Dominion Energy has a 1-year low of $54.25 and a 1-year high of $69.28. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same period in the previous year, the business earned $0.93 earnings per share. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities research analysts anticipate that Dominion Energy will post 3.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Dominion Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. AustralianSuper Pty Ltd lifted its holdings in Dominion Energy by 1,785.9% in the third quarter. AustralianSuper Pty Ltd now owns 519,100 shares of the utilities provider’s stock valued at $31,753,000 after acquiring an additional 491,574 shares during the last quarter. Wellington Management Group LLP raised its position in Dominion Energy by 4.4% in the third quarter. Wellington Management Group LLP now owns 30,746,146 shares of the utilities provider’s stock valued at $1,880,742,000 after purchasing an additional 1,298,881 shares during the period. CWA Asset Management Group LLC raised its position in Dominion Energy by 192.1% in the fourth quarter. CWA Asset Management Group LLC now owns 37,068 shares of the utilities provider’s stock valued at $2,172,000 after purchasing an additional 24,376 shares during the period. SageView Advisory Group LLC lifted its stake in shares of Dominion Energy by 100.8% in the 3rd quarter. SageView Advisory Group LLC now owns 56,167 shares of the utilities provider’s stock valued at $3,436,000 after purchasing an additional 28,199 shares during the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of Dominion Energy by 22.4% during the 3rd quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock worth $3,355,175,000 after purchasing an additional 10,049,691 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Company Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.