BofA Securities lifts Dominion Energy Inc [D] price estimate. Who else is bullish?

Dominion Energy Inc [NYSE: D] stock went on a downward path that fall over -0.39% on Friday, amounting to a one-week price decrease of less than -1.01%.

Over the last 12 months, D stock rose by 12.93%. The one-year Dominion Energy Inc stock forecast points to a potential upside of 0.6. The average equity rating for D stock is currently 2.78, trading closer to a bullish pattern in the stock market.

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The market cap for the stock reached $46.90 billion, with 838.00 million shares outstanding and 837.80 million shares in the current float. Compared to the average trading volume of 3.66M shares, D stock reached a trading volume of 5450429 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $56.24 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 2.78. 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.

BofA Securities have made an estimate for Dominion Energy Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 10, 2024. The new note on the price target was released on March 11, 2024, representing the official price target for Dominion Energy Inc stock. Previously, the target price had yet another raise from $45 to $47, while Barclays kept a Overweight rating on D stock. On October 16, 2023, analysts decreased their price target for D shares from 56 to 46.

The Average True Range (ATR) for Dominion Energy Inc is set at 0.89, with the Price to Sales ratio for D stock in the period of the last 12 months amounting to 3.32. The Price to Book ratio for the last quarter was 1.82, with the Price to Cash per share for the same quarter was set at 0.22.

D Stock Performance Analysis:

Dominion Energy Inc [D] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.01. With this latest performance, D shares gained by 0.83% in over the last four-week period, additionally plugging by 24.80% over the last 6 months – not to mention a rise of 12.93% 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 60.01, with the RSI for the last a single of trading hit 56.05, and the three-weeks RSI is set at 60.40 for Dominion Energy Inc [D]. The present Moving Average for the last 50 days of trading for this stock 52.85, while it was recorded at 56.14 for the last single week of trading, and 49.57 for the last 200 days.

Insight into Dominion Energy Inc Fundamentals:

Dominion Energy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.78 and a Current Ratio set at 0.93.

D Stock EPS

With the latest financial reports released by the company, Dominion Energy Inc posted 0.77/share EPS, while the average EPS was predicted by analysts to be reported at 0.76/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. 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 19.50%.

Dominion Energy Inc [D] Institutonal Ownership Details

There are presently around $77.00%, or 77.09%% of D stock, in the hands of institutional investors. The top three institutional holders of D stocks are: VANGUARD GROUP INC with ownership of 87.91 million shares, which is approximately 10.496%. BLACKROCK INC., holding 61.27 million shares of the stock with an approximate value of $$3.0 billion in D stocks shares; and BLACKROCK INC., currently with $$2.1 billion in D stock with ownership which is approximately 5.1256%.