Dominion Energy (NYSE:D) Sets New 12-Month High – Here’s Why

Shares of Dominion Energy Inc. (NYSE:D) reached a new 52-week high on Tuesday . The stock traded as high as $69.00 and last traded at $68.9440, with a volume of 1037335 shares traded. The stock had previously closed at $68.15.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on D shares. Barclays upped their price objective on Dominion Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and upped their price objective for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. Scotiabank upped their price objective on Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Truist Financial cut their price objective on Dominion Energy from $67.00 to $66.00 and set a “hold” rating for the company in a report on Friday, May 29th. Finally, Wall Street Zen cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $67.69.

Dominion Energy Stock Performance

The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78. The business has a 50 day moving average price of $64.72 and a two-hundred day moving average price of $62.40. The company has a market cap of $59.96 billion, a P/E ratio of 20.17 and a beta of 0.65.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.43 billion. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.Dominion Energy’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.93 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, sell-side analysts anticipate that Dominion Energy Inc. will post 3.59 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 20th. Investors of record on Friday, May 29th will be paid a $0.6675 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 3.9%. Dominion Energy’s dividend payout ratio is presently 78.99%.

Institutional Trading of Dominion Energy

Several hedge funds and other institutional investors have recently made changes to their positions in D. AustralianSuper Pty Ltd raised its holdings 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 worth $31,753,000 after purchasing an additional 491,574 shares during the period. ANTIPODES PARTNERS Ltd raised its holdings in Dominion Energy by 84,502.3% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,735,194 shares of the utilities provider’s stock worth $106,150,000 after purchasing an additional 1,733,143 shares during the period. Citigroup Inc. raised its holdings in Dominion Energy by 36.7% in the 3rd quarter. Citigroup Inc. now owns 2,422,315 shares of the utilities provider’s stock worth $148,173,000 after purchasing an additional 649,989 shares during the period. Assetmark Inc. raised its holdings in Dominion Energy by 43.9% in the 3rd quarter. Assetmark Inc. now owns 59,015 shares of the utilities provider’s stock worth $3,610,000 after purchasing an additional 17,990 shares during the period. Finally, CWA Asset Management Group LLC raised its holdings in Dominion Energy by 192.1% in the 4th quarter. CWA Asset Management Group LLC now owns 37,068 shares of the utilities provider’s stock worth $2,172,000 after purchasing an additional 24,376 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

About Dominion Energy

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.