Jefferies Financial Group Boosts Dominion Energy (NYSE:D) Price Target to $65.00
by Amy Steele · The Cerbat GemDominion Energy (NYSE:D – Get Free Report) had its price objective boosted by research analysts at Jefferies Financial Group from $60.00 to $65.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the utilities provider’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 1.02% from the stock’s current price.
Several other equities analysts have also weighed in on D. Barclays increased their price objective on Dominion Energy from $63.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday. TD Cowen assumed coverage on shares of Dominion Energy in a report on Friday, January 9th. They set a “hold” rating and a $65.00 price objective on the stock. Scotiabank increased their target price on shares of Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Wells Fargo & Company reduced their target price on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research note on Thursday, December 11th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average price target of $65.45.
View Our Latest Stock Report on Dominion Energy
Dominion Energy Stock Performance
NYSE:D traded up $0.23 during mid-day trading on Friday, reaching $64.34. 2,680,897 shares of the company’s stock were exchanged, compared to its average volume of 5,378,188. The business’s fifty day simple moving average is $62.82 and its two-hundred day simple moving average is $61.07. Dominion Energy has a one year low of $51.02 and a one year high of $67.57. The firm has a market capitalization of $56.55 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 1.71 and a beta of 0.67. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 0.77.
Dominion Energy (NYSE:D – Get Free Report) last released its earnings results on Monday, February 23rd. The utilities provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. Dominion Energy had a net margin of 18.05% and a return on equity of 9.67%. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the firm earned $0.58 EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Analysts anticipate that Dominion Energy will post 3.39 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of D. Brighton Jones LLC grew its position in Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after acquiring an additional 3,553 shares during the period. Empowered Funds LLC lifted its stake in shares of Dominion Energy by 8.3% during the first quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock valued at $985,000 after acquiring an additional 1,344 shares during the period. Woodline Partners LP raised its position 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 valued at $3,979,000 after acquiring an additional 20,522 shares during the last quarter. Intech Investment Management LLC boosted its stake in 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 acquiring an additional 12,663 shares during the last quarter. Finally, Schnieders Capital Management LLC. increased its holdings in shares of Dominion Energy by 9.5% in the second quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider’s stock worth $7,041,000 after acquiring 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
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.