Dominion Energy (NYSE:D) Lowered to “Sell” Rating by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of Dominion Energy (NYSE:D – Free Report) from a hold rating to a sell rating in a report issued on Saturday.

A number of other equities analysts also recently commented on D. Scotiabank lifted their price objective on Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dominion Energy in a research note on Friday, May 8th. Bank of America boosted their target price on Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Morgan Stanley lowered their target price on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Finally, Jefferies Financial Group boosted their target price on Dominion Energy from $60.00 to $65.00 and gave the stock a “hold” rating in a research note on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $66.31.

Read Our Latest Report on Dominion Energy

Dominion Energy Stock Performance

Shares of D stock opened at $61.83 on Friday. The company has a market capitalization of $54.37 billion, a P/E ratio of 18.29, a P/E/G ratio of 3.25 and a beta of 0.65. The business’s 50 day moving average is $62.34 and its two-hundred day moving average is $61.35. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. Dominion Energy has a 12-month low of $53.36 and a 12-month high of $67.57.

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

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 20th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.3%. Dominion Energy’s dividend payout ratio is currently 78.99%.

Hedge Funds Weigh In On Dominion Energy

A number of large investors have recently modified their holdings of D. Brighton Jones LLC raised its stake in shares of Dominion Energy by 64.3% during the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after buying an additional 3,553 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Dominion Energy by 8.3% during the 1st quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock worth $985,000 after buying an additional 1,344 shares in the last quarter. Woodline Partners LP raised its stake in shares of Dominion Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock worth $3,979,000 after buying an additional 20,522 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of Dominion Energy by 71.2% during the 1st quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock worth $1,708,000 after buying an additional 12,663 shares in the last quarter. Finally, Schnieders Capital Management LLC. raised its stake in shares of Dominion Energy by 9.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider’s stock worth $7,041,000 after buying an additional 10,775 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

About Dominion Energy

(Get Free Report)

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.

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