Corient Private Wealth LP Takes Position in Dominion Energy Inc. $D

Key Points

• Corient Private Wealth LP bought 410,701 Dominion Energy shares worth approximately $17.95 million, while institutional investors collectively own 73.04% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $69.93; recent targets range from $70 to $80.
• Dominion Energy beat quarterly estimates with $0.79 EPS and $4.48 billion in revenue, while declaring a $0.6675 quarterly dividend, equivalent to a 4.1% yield.

Corient Private Wealth LP purchased a new position in shares of Dominion Energy Inc. (NYSE:D - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 410,701 shares of the utilities provider's stock, valued at approximately $17,948,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in 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 during the period. Empowered Funds LLC increased 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 buying an additional 1,344 shares during the period. Woodline Partners LP increased its holdings in Dominion Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider's stock valued at $3,979,000 after buying an additional 20,522 shares during the period. Intech Investment Management LLC raised its position in shares of Dominion Energy by 71.2% in the 1st quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider's stock valued at $1,708,000 after buying an additional 12,663 shares in the last quarter. Finally, Schnieders Capital Management LLC. raised its position in shares of Dominion Energy by 9.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider's stock valued at $7,041,000 after buying an additional 10,775 shares in the last quarter. Institutional investors own 73.04% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. UBS Group set a $80.00 price target on shares of Dominion Energy in a research report on Wednesday, August 19th. BMO Capital Markets boosted their price objective on shares of Dominion Energy from $64.00 to $70.00 and gave the company a "market perform" rating in a research report on Wednesday, July 22nd. Seaport Research Partners cut Dominion Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, May 20th. Royal Bank Of Canada raised their target price on Dominion Energy from $66.00 to $72.00 and gave the company a "sector perform" rating in a report on Tuesday, May 19th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Dominion Energy in a research note on Wednesday, August 19th. 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 company currently has a consensus rating of "Hold" and a consensus target price of $69.93.

Dominion Energy Price Performance

Dominion Energy stock opened at $65.50 on Friday. The stock has a 50-day moving average price of $69.03 and a two-hundred day moving average price of $65.78. Dominion Energy Inc. has a 12 month low of $55.85 and a 12 month high of $72.99. The company has a market capitalization of $57.61 billion, a PE ratio of 22.82 and a beta of 0.65. 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 (NYSE:D - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. The company had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The business's quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Analysts expect that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Dividend Announcement

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

Dominion Energy Company 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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