Dominion Energy Inc (D) stock forecast: Can it reach its 52-week high of $58.69

Dominion Energy Inc [D] stock prices are saw in change for the day to $48.51 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The D shares have gain 3.26% over the last week, with a monthly amount glided 5.78%, and seem to be holding up well over a long-time horizon.

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On 7, March 2024, Dominion Energy Charitable Foundation Spring Grant Cycle Now Open to Nonprofit Organizations. In a post published today on Yahoo Finance, Grants support human needs, environmental stewardship, education, and community vitality.

From an analyst’s perspective:

Dominion Energy Inc [NYSE: D] stock has seen the most recent analyst activity on March 11, 2024, when BMO Capital Markets downgraded its rating to a Market Perform but kept the price target unchanged to $49 for it. Previously, Barclays upgraded its rating to Overweight on November 06, 2023, and elevated its price target to $47. On October 16, 2023, downgrade downgraded it’s rating to Sector Perform and revised its price target to $46 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $52 on August 23, 2023. Seaport Research Partners upgraded its rating to Buy for this stock on June 05, 2023, but kept the price target unchanged to $59. In a note dated December 07, 2022, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $73 to $64.

The stock price of Dominion Energy Inc [D] has been fluctuating between $39.18 and $58.69 over the past year. Currently, Wall Street analysts expect the stock to reach $67 within the next 12 months. Dominion Energy Inc [NYSE: D] shares were valued at $48.51 at the most recent close of the market. An investor can expect a potential return of 38.12% based on the average D price forecast.

Analyzing the D fundamentals

The Dominion Energy Inc [NYSE:D] reported sales of 16.08B for trailing twelve months, representing a drop of -18.73%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.07 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.6.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 48.26 points at the first support level, and at 48.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.83, and for the 2nd resistance point, it is at 49.16.

Dominion Energy Inc [D] reported earnings per share of $0.29 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.38/share, meaning a difference of -$0.09 and a surprise factor of -23.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.77 per share as compared to estimates of $0.76 per share, a difference of $0.01 representing a surprise of 1.30%.

Ratios To Look Out For

It’s worth pointing out that Dominion Energy Inc [NYSE:D]’s Current Ratio is 1.04. Further, the Quick Ratio stands at 0.97, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 2.53, the price to book ratio is 1.58 and price to earnings (TTM) ratio is 21.20.

Transactions by insiders

Recent insider trading involved RIGBY JOSEPH M, Director, that happened on Mar 06 ’24 when 2130.0 shares were purchased. Chair, President and CEO, BLUE ROBERT M completed a deal on Mar 04 ’24 to buy 21735.0 shares. Meanwhile, Exec. Vice President and COO Leopold Diane sold 6250.0 shares on Dec 01 ’23.

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