315,519 Shares in Dominion Energy Inc. $D Purchased by Wealthfront Advisers LLC

Key Points

• Wealthfront Advisers purchased 315,519 Dominion Energy shares worth approximately $21.5 million, while institutional investors collectively own 73.04% of the company.
• Dominion Energy exceeded quarterly expectations, reporting $0.79 in EPS versus the $0.68 consensus estimate and $4.48 billion in revenue, up 17.6% year over year.
• The company declared a quarterly dividend of $0.6675, equivalent to $2.67 annually and a 3.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $68.86.

Wealthfront Advisers LLC bought a new stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 315,519 shares of the utilities provider's stock, valued at approximately $21,547,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock worth $489,000 after purchasing an additional 3,553 shares in the last quarter. Empowered Funds LLC lifted its holdings in Dominion Energy by 8.3% in the 1st quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider's stock valued at $985,000 after purchasing an additional 1,344 shares in the last quarter. Woodline Partners LP boosted its stake in Dominion Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider's stock worth $3,979,000 after purchasing an additional 20,522 shares during the last quarter. Intech Investment Management LLC boosted its stake in Dominion Energy by 71.2% during the 1st quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider's stock worth $1,708,000 after purchasing an additional 12,663 shares during the last quarter. Finally, Schnieders Capital Management LLC. grew its holdings in shares of Dominion Energy by 9.5% during the second quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider's stock worth $7,041,000 after buying an additional 10,775 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Price Performance

Dominion Energy stock opened at $68.64 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. The company has a 50-day moving average price of $69.20 and a 200 day moving average price of $65.50. Dominion Energy Inc. has a 12-month low of $55.85 and a 12-month high of $72.99. The stock has a market cap of $60.37 billion, a P/E ratio of 23.92 and a beta of 0.65.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same period in the previous year, the business posted $0.75 EPS. Dominion Energy's revenue was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Sell-side analysts anticipate that Dominion Energy Inc. will post 3.57 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be issued a $0.6675 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a yield of 3.9%. Dominion Energy's dividend payout ratio is currently 93.03%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Dominion Energy from $66.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday, May 15th. Royal Bank Of Canada upped their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the company a "sector perform" rating in a research note on Tuesday, May 19th. Weiss Ratings upgraded shares of Dominion Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, May 22nd. Barclays decreased their target price on shares of Dominion Energy from $70.00 to $69.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 23rd. Finally, BMO Capital Markets upped their price target on Dominion Energy from $64.00 to $70.00 and gave the company a "market perform" rating in a research report on Wednesday, July 22nd. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $68.86.

Dominion Energy Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company's core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion's electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.

Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc. (NYSE:D - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source