Dominion Energy (NYSE:D) Reaches New 52-Week High – Should You Buy?

Dominion Energy Inc. (NYSE:D)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $69.43 and last traded at $69.1950, with a volume of 1887607 shares changing hands. The stock had previously closed at $68.45.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Morgan Stanley dropped their price target on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Barclays decreased their target price on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a report on Tuesday. Scotiabank lifted their price target on Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Mizuho raised their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Finally, Truist Financial reduced their target price on shares of Dominion Energy from $67.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $67.62.

Dominion Energy Stock Up 1.2%

The business’s fifty day simple moving average is $65.10 and its 200 day simple moving average is $62.61. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. The stock has a market cap of $60.92 billion, a price-to-earnings ratio of 20.49 and a beta of 0.65.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, May 1st. The utilities provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The business 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 firm earned $0.93 earnings per share. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities analysts forecast that Dominion Energy Inc. will post 3.59 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, June 20th. Investors of record on Friday, May 29th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.67 annualized dividend and a yield of 3.9%. Dominion Energy’s dividend payout ratio (DPR) is presently 78.99%.

Institutional Investors Weigh In On Dominion Energy

Several large investors have recently bought and sold shares of the company. AustralianSuper Pty Ltd increased its stake in Dominion Energy by 1,785.9% in the 3rd quarter. AustralianSuper Pty Ltd now owns 519,100 shares of the utilities provider’s stock valued at $31,753,000 after buying an additional 491,574 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Dominion Energy by 4.4% during the 3rd quarter. Wellington Management Group LLP now owns 30,746,146 shares of the utilities provider’s stock worth $1,880,742,000 after buying an additional 1,298,881 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Dominion Energy by 192.1% during the 4th quarter. CWA Asset Management Group LLC now owns 37,068 shares of the utilities provider’s stock worth $2,172,000 after buying an additional 24,376 shares during the last quarter. SageView Advisory Group LLC grew its holdings 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 acquiring an additional 28,199 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of Dominion Energy by 22.4% in the third quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock valued at $3,355,175,000 after acquiring an additional 10,049,691 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

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.