Dominion Energy, Inc.

(New York Stock Exchange)
Back to all articles
Slightly Bullish +25

Dominion Energy Inc. (NYSE:D) Receives Average Rating of "Hold" from ...

AI-generated analysis

πŸ“Š Dominion Energy holds a consensus 'Hold' rating from fifteen analysts with an average twelve-month price target of $67.62.

πŸ“‰ Wall Street Zen downgraded the stock to 'sell' while Barclays lowered its price target from $70.00 to $69.00.

πŸ“ˆ Jefferies Financial Group upgraded the rating to 'buy' and raised its price objective significantly to $76.00.

πŸ’° The company beat earnings expectations with $0.95 EPS compared to a consensus of $0.90 for the quarter ended May 1st.

πŸ“ˆ Revenue surged to $5.02 billion, representing a 23.1% increase compared to the same period last year.

πŸ’΅ A quarterly dividend of $0.6675 was declared, offering an annualized yield of 3.9% with a payout ratio of 78.99%.

🏦 Institutional investors own 73.04% of the company's outstanding shares as of recent filings.

πŸ“ˆ Costello Asset Management increased its stake by 66.7% in the fourth quarter, now holding 500 shares valued at $29,000.

Bullish Signals
  • Dominion Energy beat quarterly earnings estimates with EPS of $0.95 versus a consensus of $0.90.
  • Revenue grew significantly by 23.1% year-over-year to reach $5.02 billion in the latest quarter.
  • Jefferies Financial Group upgraded the stock to 'buy' and raised its price target to $76.00.
  • Mizuho increased its price target from $66.00 to $72.00 while maintaining a neutral rating.
  • The company offers a 3.9% annualized dividend yield with a payout ratio of 78.99%.
  • Institutional ownership is strong at 73.04%, indicating continued confidence from major investors.
Risk Factors
  • Wall Street Zen downgraded Dominion Energy from 'hold' to 'sell' in a recent report.
  • Barclays decreased its price target on the stock from $70.00 to $69.00.
  • The consensus analyst rating remains 'Hold', suggesting limited immediate upside potential.
Full Analysis
Dominion Energy Inc. (NYSE:D) maintains a consensus analyst rating of 'Hold' based on reports from fifteen analysts, with an average twelve-month price target of $67.62. Recent analyst activity includes a downgrade to 'sell' by Wall Street Zen and a price target reduction by Barclays, offset by upgrades from Jefferies Financial Group and Mizuho which raised their respective price targets to $76.00 and $72.00. The company reported strong quarterly earnings on May 1st, posting $0.95 per share against a consensus of $0.90, with revenue reaching $5.02 billion, a 23.1% increase year-over-year. Dominion Energy also declared a quarterly dividend of $0.6675 per share, paid on June 20th to shareholders of record as of May 29th, resulting in an annualized dividend yield of 3.9%. Institutional ownership remains high at 73.04%, with recent filings showing various asset management firms adding new stakes or increasing their positions in the fourth quarter. Dominion Energy operates as a diversified utility provider headquartered in Richmond, Virginia, focusing on regulated electricity and natural gas services across its service territories.