Dominion Energy (NYSE:D) Hits New 12-Month High on Analyst Upgrade

Dominion Energy Inc. (NYSE:D)’s stock price hit a new 52-week high during trading on Monday after Wells Fargo & Company raised their price target on the stock from $66.00 to $68.00. Wells Fargo & Company currently has an overweight rating on the stock. Dominion Energy traded as high as $68.97 and last traded at $68.7450, with a volume of 5770324 shares. The stock had previously closed at $61.73.

Other equities research analysts also recently issued reports about the stock. Truist Financial started coverage on shares of Dominion Energy in a research report on Tuesday, April 21st. They set a “hold” rating and a $67.00 price objective for the company. Barclays lifted their price target 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 increased their price objective on Dominion Energy from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Morgan Stanley reduced their target price on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Finally, Scotiabank raised their price target 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. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $66.31.

Key Stories Impacting Dominion Energy

Here are the key news stories impacting Dominion Energy this week:

• Positive Sentiment: NextEra agreed to acquire Dominion Energy in a roughly $66.8 billion all-stock deal, implying about $76 per share and creating a major premium for Dominion shareholders. Reuters article
• Positive Sentiment: The combination is being pitched as a strategic play on AI data-center power demand, especially in Northern Virginia, where Dominion has a major presence. CNBC article
• Positive Sentiment: The companies say the merged utility would be the world’s largest regulated electric utility by market value, with expected scale benefits, bill credits for customers, and long-term earnings growth. PR Newswire release
• Neutral Sentiment: Reports in the prior day had already indicated NextEra was nearing a record-sized deal for Dominion, fueling speculation before the official announcement. WSJ article

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Motiv8 Investments LLC acquired a new stake in Dominion Energy in the fourth quarter worth $25,000. Triumph Capital Management bought a new position in shares of Dominion Energy during the 3rd quarter worth about $28,000. Blueline Advisors LLC bought a new position in shares of Dominion Energy during the 4th quarter worth about $28,000. United Community Bank acquired a new stake in shares of Dominion Energy in the 3rd quarter valued at about $29,000. Finally, Costello Asset Management INC increased its position 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 buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Up 11.2%

The business has a 50 day moving average of $62.34 and a two-hundred day moving average of $61.35. 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 firm has a market capitalization of $60.35 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 3.25 and a beta of 0.65.

Dominion Energy (NYSE:D) last announced its quarterly earnings data 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 firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities analysts predict that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Dividend Announcement

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

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.