Wells Fargo slashes price target on Dominion Energy Inc. [D] – find out why.

Dominion Energy Inc. [NYSE: D] closed the trading session at $62.48 on 01/24/23. The day’s price range saw the stock hit a low of $62.24, while the highest price level was $63.59. The company report on January 10, 2023 that Dominion Energy Schedules Fourth-Quarter 2022 Earnings Call.


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Dominion Energy (NYSE: D) will host its fourth-quarter 2022 earnings call at 10 a.m. ET on Wednesday, Feb. 8, 2023.  Management will discuss matters of interest to financial and other stakeholders including recent financial results.

A live webcast of the conference call, including accompanying slides and other financial information, will be available on the investor information pages at investors.dominionenergy.com.

The stocks have a year to date performance of 1.89 percent and weekly performance of -0.06 percent. The stock has been moved at -20.51 percent over the last six months. The stock has performed 4.05 percent around the most recent 30 days and changed -4.65 percent over the most recent 3-months.

If compared to the average trading volume of 5.98M shares, D reached to a volume of 4895755 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Dominion Energy Inc. [D]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for D shares is $71.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on D stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Dominion Energy Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on December 07, 2022. The new note on the price target was released on November 17, 2022, representing the official price target for Dominion Energy Inc. stock. Previously, the target price had yet another drop from $72 to $69, while Goldman kept a Neutral rating on D stock. On November 09, 2022, analysts decreased their price target for D shares from 94 to 59.

The Average True Range (ATR) for Dominion Energy Inc. is set at 1.26, with the Price to Sales ratio for D stock in the period of the last 12 months amounting to 3.20. The Price to Book ratio for the last quarter was 1.94.

D stock trade performance evaluation

Dominion Energy Inc. [D] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.06. With this latest performance, D shares gained by 4.05% in over the last four-week period, additionally sinking by -20.51% over the last 6 months – not to mention a drop of -21.22% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for D stock in for the last two-week period is set at 54.56, with the RSI for the last a single of trading hit 55.25, and the three-weeks RSI is set at 51.98 for Dominion Energy Inc. [D]. The present Moving Average for the last 50 days of trading for this stock 60.66, while it was recorded at 62.34 for the last single week of trading, and 74.16 for the last 200 days.

Dominion Energy Inc. [D]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Dominion Energy Inc. [D] shares currently have an operating margin of +24.02 and a Gross Margin at +57.05. Dominion Energy Inc.’s Net Margin is presently recorded at +18.96.

Return on Equity for this stock inclined to 9.62, with Return on Assets sitting at 2.71.

Dominion Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.70.

Earnings per share (EPS) analysis for Dominion Energy Inc. [D] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for D. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Dominion Energy Inc. go to 6.25%.

Dominion Energy Inc. [D]: Insider Ownership positions

There are presently around $36,826 million, or 72.40% of D stock, in the hands of institutional investors. The top three institutional holders of D stocks are: VANGUARD GROUP INC with ownership of 73,953,046, which is approximately 3.888% of the company’s market cap and around 0.14% of the total institutional ownership; BLACKROCK INC., holding 58,954,665 shares of the stock with an approximate value of $3.68 billion in D stocks shares; and STATE STREET CORP, currently with $3.09 billion in D stock with ownership of nearly 3.893% of the company’s market capitalization.

Positions in Dominion Energy Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 710 institutional holders increased their position in Dominion Energy Inc. [NYSE:D] by around 36,626,030 shares. Additionally, 640 investors decreased positions by around 27,590,515 shares, while 223 investors held positions by with 525,193,039 shares. The mentioned changes placed institutional holdings at 589,409,584 shares, according to the latest SEC report filing. D stock had 92 new institutional investments in for a total of 2,219,503 shares, while 137 institutional investors sold positions of 2,509,414 shares during the same period.

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