46,532 Shares in Dominion Energy Inc. $D Purchased by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC acquired a new stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 46,532 shares of the utilities provider's stock, valued at approximately $3,178,000.

A number of other large investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its stake 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 valued at $489,000 after purchasing an additional 3,553 shares in the last quarter. Empowered Funds LLC lifted its position in Dominion Energy by 8.3% during the first quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider's stock valued at $985,000 after acquiring an additional 1,344 shares during the last quarter. Woodline Partners LP lifted its position in Dominion Energy by 40.7% during the first quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider's stock valued at $3,979,000 after acquiring an additional 20,522 shares during the last quarter. Intech Investment Management LLC boosted its stake in Dominion Energy by 71.2% in the first quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider's stock valued at $1,708,000 after acquiring an additional 12,663 shares in the last quarter. Finally, Schnieders Capital Management LLC. boosted its stake in Dominion Energy by 9.5% in the second quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider's stock valued at $7,041,000 after acquiring 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 Stock Performance

D opened at $65.50 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. Dominion Energy Inc. has a 12-month low of $55.85 and a 12-month high of $72.99. The firm has a 50 day moving average of $69.03 and a two-hundred day moving average of $65.78. The firm has a market capitalization of $57.61 billion, a PE ratio of 22.82 and a beta of 0.65.

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

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy's payout ratio is 93.03%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on D shares. Mizuho boosted their target price on Dominion Energy from $66.00 to $72.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 26th. Jefferies Financial Group raised Dominion Energy from a "hold" rating to a "buy" rating and raised their price target for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. Morgan Stanley dropped their price target on Dominion Energy from $71.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Friday, August 21st. Weiss Ratings restated a "buy (b)" rating on shares of Dominion Energy in a report on Wednesday, August 19th. Finally, TD Cowen raised shares of Dominion Energy from a "hold" rating to a "buy" rating and increased their price objective for the company from $69.00 to $80.00 in a research report on Wednesday, August 19th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $69.93.

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.

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