Dominion Energy (NYSE:D) Hits New 52-Week High – Time to Buy?

Dominion Energy Inc. (NYSE:D)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company 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.

Analysts Set New Price Targets

D has been the subject of a number of research reports. Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. Barclays raised their price target on Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Royal Bank Of Canada raised their price target on Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Wells Fargo & Company raised their price target on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Finally, Mizuho raised their price target on Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $67.69.

Dominion Energy Stock Performance

The company has a market capitalization of $60.83 billion, a price-to-earnings ratio of 20.45 and a beta of 0.65. The stock has a 50-day moving average price of $64.48 and a 200-day moving average price of $62.32. 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 released its quarterly earnings data on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same period last year, the firm posted $0.93 earnings per share. The business’s revenue 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, analysts forecast that Dominion Energy Inc. will post 3.59 earnings per share for the current year.

Dominion Energy Dividend Announcement

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

Institutional Trading of Dominion Energy

Hedge funds have recently added to or reduced their stakes in the company. Motiv8 Investments LLC acquired a new stake in Dominion Energy during the 4th quarter worth approximately $25,000. Triumph Capital Management acquired a new position in Dominion Energy in the 3rd quarter valued at $28,000. Blueline Advisors LLC acquired a new position in Dominion Energy in the 4th quarter valued at $28,000. JPL Wealth Management LLC acquired a new position in Dominion Energy in the 3rd quarter valued at $30,000. Finally, Costello Asset Management INC raised its holdings in Dominion Energy by 66.7% in the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

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.