Dominion Energy Stock (NYSE:D), Trade Ideas

Dominion Energy

Based in Richmond, Virginia, Dominion Energy is an integrated energy company with over 30 gigawatts of electric generation capacity and more than 90,000 miles of electric transmission and distribution lines. Dominion is constructing a rate-regulated 5.2 GW wind farm off the Virginia Beach coast.

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On CNBC’s &#34;Mad Money Lightning Round,&#34; Jim Cramer said he doesn’t like  Dominion Energy, Inc. (NYSE: D).

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B of A Securities analyst Julien Dumoulin-Smith maintains Dominion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) with a Underperform and raises the price target from $40 to $43.

Price Target

Analyst Ratings

B of A Securities Maintains Underperform on Dominion Energy, Raises Price Target to $43

Scotiabank analyst Andrew Weisel maintains Dominion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) with a Sector Perform and lowers the price target from $49 to $48.

Scotiabank Maintains Sector Perform on Dominion Energy, Lowers Price Target to $48

During the last three months, 7 analysts shared their evaluations of Dominion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>), revealing diverse outlooks from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $49.29, along with a high estimate of $52.00 and a low estimate of $45.00. A decline of 1.42% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1713193307_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A clear picture of Dominion Energy's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$49.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$50.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Announces</td>
<td>Market Perform</td>
<td>$49.00</td>
<td>-</td>
</tr>
<tr>
<td>Sarah Akers</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$51.00</td>
<td>$49.00</td>
</tr>
<tr>
<td>Anthony Crowdell</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$45.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Andrew Weisel</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$49.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Shahriar Pourreza</td>
<td>Guggenheim</td>
<td>Lowers</td>
<td>Buy</td>
<td>$52.00</td>
<td>$57.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Dominion Energy. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Dominion Energy compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Dominion Energy's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Dominion Energy's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/D/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Dominion Energy analyst ratings.</a>
<h2>About Dominion Energy</h2>
Based in Richmond, Virginia, Dominion Energy is an integrated energy company with over 30 gigawatts of electric generation capacity and more than 90,000 miles of electric transmission and distribution lines. Dominion is constructing a rate-regulated 5.2 GW wind farm off the Virginia Beach coast.
<h3>Dominion Energy: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Negative Revenue Trend: Examining Dominion Energy's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -7.07% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Utilities sector.
Net Margin: Dominion Energy's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 4.36%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Dominion Energy's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 0.59%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Dominion Energy's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.14%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Dominion Energy's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.72.
<h2>How Are Analyst Ratings Determined?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cracking The Code: Understanding Analyst Reviews For Dominion Energy

<ul>
<li>Charybdis successfully launched to water at Seatrium AmFELS shipyard in Brownsville, Texas consistent with project expectations</li>
<li>No change to the vessel's timeline which supports the current Coastal Virginia Offshore Wind (CVOW) construction schedule</li>
<li>CVOW receives final federal permit; expects to begin monopile installation in coming weeks</li>
</ul>
RICHMOND, Va., April 15, 2024 /PRNewswire/ -- Dominion Energy announced today that&nbsp;Charybdis, the United States' first Jones Act-compliant offshore wind turbine installation vessel, was successfully launched from land to water, marking a major milestone in the vessel's construction. To achieve this milestone, welding of the ship's hull and commissioning of the vessel's four legs and related jacking system were successfully completed.
"Charybdis is vital not only to CVOW, but also to the growth of the offshore wind industry along the U.S. East Coast and is key to the continued development of a domestic supply chain by providing a homegrown solution for the installation of offshore wind turbines," said Bob Blue, Dominion Energy's chair, president and chief executive officer.&nbsp;
The 472-foot vessel is being constructed at the Brownsville, Texas shipyard of global marine and offshore engineering group Seatrium, using domestically-sourced steel. At peak construction, over 1,200 workers were employed on this project. Once complete, the home port for the vessel will be in&nbsp;Hampton Roads, one of the nation's premier offshore wind installation harbors, and utilize an American crew.
"Seatrium's AmFELS shipyard has partnered with Dominion Energy in this ground-breaking project to supply the first U.S. Jones Act-compliant WTIV, Charybdis, playing a critical role in the country's energy transition. The U.S.-built vessel will not only contribute towards reliable, affordable and clean energy, but also benefit local communities in creating a significant local know-how and job opportunities, paving the way for future growth in the U.S. offshore wind industry," said Mr. Chris Ong, Seatrium's chief executive officer.
The vessel's hull and infrastructure was fabricated with more than 14,000 tons of domestic steel, with nearly 10,000 tons sourced from&nbsp;Alabama,&nbsp;West Virginia&nbsp;and&nbsp;North Carolina&nbsp;suppliers. The vessel is designed to handle turbine sizes of 12 megawatts or larger. The vessel launch marked a historical achievement as the world's largest completed lift totaling 23,000 tons.
Also announced today, the CVOW project received a final construction air permit from the Environmental Protection Agency. This is the 11th and final federal permit required to begin offshore construction. Offshore monopile installation begins in May.

Dominion Energy Reaches Milestone In Construction Of Charybdis, The First Jones Act-Compliant Offshore Wind Turbine Installation Vessel

Barclays analyst Nicholas Campanella maintains Dominion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) with a Overweight and lowers the price target from $50 to $49.

Barclays Maintains Overweight on Dominion Energy, Lowers Price Target to $49

<ul>
<li>Projects total more than 750 megawatts, enough to power nearly 200,000 Virginia homes&nbsp;</li>
<li>Construction will support more than 1,600 jobs and $570 million in economic benefits</li>
</ul>
RICHMOND, Va., April 1, 2024 /PRNewswire/ --&nbsp;The Virginia State Corporation Commission (SCC) approved on Friday more than a dozen new solar projects that will significantly expand Dominion Energy Virginia's growing clean energy fleet.
<a href="https://mma.prnewswire.com/media/510462/Dominion_Energy_Logo.html"><img src="https://mma.prnewswire.com/media/510462/Dominion_Energy_Logo.jpg" alt="(PRNewsfoto/Dominion Energy)" /></a>
The projects will generate 764 megawatts (MW) of electricity, enough to power nearly 200,000 homes at peak output, and include four solar projects totaling 329 MW that will be owned or acquired by Dominion Energy Virginia. They also include 13 power-purchase agreements (PPAs) totaling 435 MW with independently owned solar projects.
"These projects deliver on our promise of reliable, affordable and increasingly clean energy for our customers," said Ed Baine, President of Dominion Energy Virginia. "Through our investments in offshore wind, battery storage and solar, Virginia continues to make progress on its clean energy transition."
Today's approval marks a significant expansion of Dominion Energy's growing solar fleet, which is currently the second largest in the nation. When those projects are complete, the company will surpass 4,600 MW of approved solar projects in Virginia, enough to power more than 1.1 million homes at peak output.
The construction will support more than 1,600 jobs and generate more than $570 million in economic benefits across Virginia. Additional details about the utility-owned projects are below:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">Project</td>
<td colspan="1" rowspan="1">Size</td>
<td colspan="1" rowspan="1">Location</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Beldale Solar</td>
<td colspan="1" rowspan="1">57 MW</td>
<td colspan="1" rowspan="1">Powhatan County</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Blue Ridge Solar</td>
<td colspan="1" rowspan="1">95 MW</td>
<td colspan="1" rowspan="1">Pittsylvania County</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Bookers Mill Solar</td>
<td colspan="1" rowspan="1">127 MW</td>
<td colspan="1" rowspan="1">Richmond County</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Michaux Solar</td>
<td colspan="1" rowspan="1">50 MW</td>
<td colspan="1" rowspan="1">Henry &amp; Pittsylvania Counties</td>
</tr>
</tbody>
</table>
</figure>
The projects require local and state permits before construction may begin and are expected to be complete by 2026.
The cost of the projects is estimated to add approximately $1.54 to the average residential customer's monthly bill. Dominion Energy Virginia's rates are currently 12% below the national average and 31% below the Mid-Atlantic average.
Photo and video of the company's solar fleet are available for download <a href="https://news.dominionenergy.com/April-2024-solar-projects">here</a>.

Contracts

New Solar Projects Approved For Dominion Energy Virginia Customers; Construction Will Support More Than 1,600 Jobs And $570M In Economic Benefits

On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; Jim Cramer said he doesn&rsquo;t like Dominion Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/d#NYSE">D</a>). &quot;I think that they made a lot of mistakes with their <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37555716/insiders-buying-snowflake-and-2-other-stocks"> balance sheet,&quot; he noted. </a>
On March 13, Barclays analyst Nicholas Campanella maintained Dominion Energy with an Overweight and raised the price target from $47 to $50.
During Tuesday&#39;s show, Cramer recommended selling iRobot (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/irbt#NASDAQ">IRBT</a>).
On March 11, iRobot reported a preliminary first-quarter loss of $2.13 to $2.00 per share on revenue of $137 million to $142 million.
When asked about Plains All American Pipeline, L.P. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/paa#NASDAQ">PAA</a>), he said, &quot;I see you, and I raise you with Enterprise Products Partners (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>), which is a better company.&quot;
On March 19, Truist Securities analyst Neal Dingmann maintained Plains All American with a Buy and raised the price target from $21 to $23.
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Rivian Automotive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>) is a &quot;well-run&quot; company, Cramer said. &quot;I&rsquo;d rather buy the car than the stock.&quot;
On March 18, Rivian said its vehicles are now compatible with the Tesla supercharger network.
The &quot;Mad Money&quot; host said he wants to pause on DraftKings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dkng#NASDAQ">DKNG</a>). &quot;I don&rsquo;t want you to buy it up here. Let it come in,&quot; he added.
On March 18, DraftKings said Jason Park, DraftKings&#39; Chief Financial Officer, will become the Company&#39;s Chief Transformation Officer, effective as of May 1, 2024.
Price Action:
<ul>
<li>Shares of iRobot fell 4.1% to close at $8.83 on Tuesday.</li>
<li>Dominion Energy closed at $48.51 on Tuesday.</li>
<li>Rivian shares fell 1.2% to settle at $11.26.</li>
<li>DraftKings shares gained 0.6% to settle at $43.78 on Tuesday.</li>
<li>Plains All American Pipeline shares gained 0.6% to close at $17.17 on Tuesday.</li>
<li>Shares of SoFi rose 0.7% to settle at $7.08.</li>
<li>On Holding shares climbed&nbsp;4.1% to close at $34.23 on Tuesday.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/earnings/24/03/37839328/general-mills-likely-to-report-higher-q3-earnings-here-are-the-recent-forecast-changes-from-wall-st"> General Mills Likely To Report Higher Q3 Earnings; Here Are The Recent Forecast Changes From Wall Street&#39;s Most Accurate Analysts</a>
Photo:&nbsp;s_bukley/Shutterstock.com

Jim Cramer Says This EV Manufacturer Is 'Well-Run,' Recommends Selling iRobot

Barclays analyst Nicholas Campanella maintains Dominion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) with a Overweight and raises the price target from $47 to $50.

Barclays Maintains Overweight on Dominion Energy, Raises Price Target to $50

BMO Capital analyst James Thalacker downgrades Dominion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) from Outperform to Market Perform and announces $49 price target.

Downgrades

BMO Capital Downgrades Dominion Energy to Market Perform, Announces $49 Price Target

Although U.S. stocks closed higher on Thursday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Snowflake </h3>
<ul>
<li>The Trade: Snowflake Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snow#NYSE">SNOW</a>) Director Mark D McLaughlin <a href="https://www.benzinga.com/quote/SNOW/analyst-ratings"> acquired a total of 3,030 shares </a> an average price of $165.45. To acquire these shares, it cost around $501,314.</li>
<li>What&rsquo;s Happening: On Feb. 28, Snowflake said fourth-quarter revenue increased 32% year-over-year to $774.7 million, which beat the consensus estimate of $759.1 million. The company also announced that CEO Frank Slootman has decided to retire from his role as CEO, but will continue to serve as chairman of the board.</li>
<li>What Snowflake Does: Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers.</li>
</ul>
<h3>Redfin </h3>
<ul>
<li>The Trade: Redfin Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdfn#NASDAQ">RDFN</a>) CEO Glenn Kelman acquired a total of 30,500 shares at an average price of $6.41. To acquire these shares, it cost around $195,593.</li>
<li>What&rsquo;s Happening: On Feb. 27, Redfin posted downbeat quarterly sales.</li>
<li>What Redfin Does: Redfin Corp is a residential real estate broker. It pairs its agents with the technology to create a service that is faster and costs less.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Dominion Energy </h3>
<ul>
<li>The Trade: Dominion Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/d#NYSE">D</a>) Director Joseph M Rigby <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 2,130 shares </a> at an average price of $46.94. To acquire these shares, it cost around $99,998.</li>
<li>What&rsquo;s Happening: On March 1, Dominion Energy said it concluded its business review and issued guidance..</li>
<li>What Dominion Energy Does: Based in Richmond, Virginia, Dominion Energy is an integrated energy company with over 30 gigawatts of electric generation capacity and more than 90,000 miles of electric transmission and distribution lines.</li>
</ul>
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4 analysts have expressed a variety of opinions on Dominion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $49.25, a high estimate of $52.00, and a low estimate of $45.00. Experiencing a 2.96% decline, the current average is now lower than the previous average price target of $50.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1709834443_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The perception of Dominion Energy by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Sarah Akers</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$51.00</td>
<td>$49.00</td>
</tr>
<tr>
<td>Anthony Crowdell</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$45.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Andrew Weisel</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$49.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Shahriar Pourreza</td>
<td>Guggenheim</td>
<td>Lowers</td>
<td>Buy</td>
<td>$52.00</td>
<td>$57.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Dominion Energy. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Dominion Energy compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Dominion Energy's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Dominion Energy's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/D/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Dominion Energy analyst ratings.</a>
<h2>Delving into Dominion Energy's Background</h2>
Based in Richmond, Virginia, Dominion Energy is an integrated energy company with over 30 gigawatts of electric generation capacity and more than 90,000 miles of electric transmission and distribution lines. Dominion is constructing a rate-regulated 5.2 GW wind farm off the Virginia Beach coast.
<h3>Key Indicators: Dominion Energy's Financial Health</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Negative Revenue Trend: Examining Dominion Energy's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -7.07% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Utilities sector.
Net Margin: Dominion Energy's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 4.36%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 0.59%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.14%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Dominion Energy's debt-to-equity ratio is below the industry average at 1.72, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 4 Analyst Ratings Have To Say About Dominion Energy

Wells Fargo analyst Sarah Akers maintains Dominion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) with a Equal-Weight and raises the price target from $49 to $51.

Wells Fargo Maintains Equal-Weight on Dominion Energy, Raises Price Target to $51

Mizuho analyst Anthony Crowdell maintains Dominion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) with a Neutral and lowers the price target from $47 to $45.

Mizuho Maintains Neutral on Dominion Energy, Lowers Price Target to $45

Scotiabank analyst Andrew Weisel maintains Dominion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) with a Sector Perform and lowers the price target from $50 to $49.

Scotiabank Maintains Sector Perform on Dominion Energy, Lowers Price Target to $49

Guggenheim analyst Shahriar Pourreza maintains Dominion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) with a Buy and lowers the price target from $57 to $52.