Wells Fargo & Company Issues Positive Forecast for Dominion Energy (NYSE:D) Stock Price

Dominion Energy (NYSE:D) had its price target hoisted by Wells Fargo & Company from $66.00 to $68.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 8.00% from the stock’s previous close.

Other analysts have also issued reports about the company. Morgan Stanley cut their price target on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Barclays lifted their target price on Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Truist Financial initiated coverage on Dominion Energy in a research note on Tuesday, April 21st. They issued a “hold” rating and a $67.00 target price on the stock. Bank of America raised their price target on shares of Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Finally, Mizuho lifted their price objective on shares of Dominion Energy from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Three 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. According to data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average price target of $66.31.

Dominion Energy Stock Performance

Shares of D stock opened at $62.96 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78. Dominion Energy has a 52 week low of $53.36 and a 52 week high of $67.57. The company’s 50 day moving average price is $62.35 and its two-hundred day moving average price is $61.35. The company has a market capitalization of $55.37 billion, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 3.30 and a beta of 0.65.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The company had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The firm’s 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. On average, analysts expect that Dominion Energy will post 3.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dominion Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AustralianSuper Pty Ltd boosted its holdings in shares of Dominion Energy by 1,785.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 519,100 shares of the utilities provider’s stock worth $31,753,000 after buying an additional 491,574 shares during the period. Vanguard Group Inc. lifted its position in Dominion Energy by 0.3% during the third quarter. Vanguard Group Inc. now owns 106,158,920 shares of the utilities provider’s stock worth $6,493,741,000 after acquiring an additional 363,610 shares during the last quarter. ANTIPODES PARTNERS Ltd boosted its holdings in shares of Dominion Energy by 84,502.3% during the third quarter. ANTIPODES PARTNERS Ltd now owns 1,735,194 shares of the utilities provider’s stock worth $106,150,000 after acquiring an additional 1,733,143 shares during the period. Citigroup Inc. grew its position in shares of Dominion Energy by 36.7% in the third quarter. Citigroup Inc. now owns 2,422,315 shares of the utilities provider’s stock valued at $148,173,000 after purchasing an additional 649,989 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its position in shares of Dominion Energy by 53.1% in the third quarter. Stratos Wealth Partners LTD. now owns 47,953 shares of the utilities provider’s stock valued at $2,933,000 after purchasing an additional 16,635 shares during the last quarter. 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.