Dynamic Advisor Solutions LLC increased its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 1,453.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,485 shares of the utilities provider's stock after purchasing an additional 48,171 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in Dominion Energy were worth $3,516,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of D. North Dakota State Investment Board purchased a new position in Dominion Energy in the fourth quarter valued at about $1,715,000. Vanguard Group Inc. grew its stake in shares of Dominion Energy by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider's stock valued at $6,274,975,000 after buying an additional 940,838 shares in the last quarter. Robbins Farley purchased a new stake in shares of Dominion Energy during the 4th quarter valued at about $3,601,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Dominion Energy during the 4th quarter worth approximately $2,739,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Dominion Energy by 6.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,818,876 shares of the utilities provider's stock worth $107,750,000 after acquiring an additional 109,146 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.
Dominion Energy Stock Performance
Shares of D opened at $66.73 on Friday. The firm has a market cap of $58.69 billion, a price-to-earnings ratio of 23.25 and a beta of 0.65. The company has a quick ratio of 0.61, a current ratio of 0.81 and a debt-to-equity ratio of 1.43. The business's 50 day moving average is $68.87 and its two-hundred day moving average is $65.07. Dominion Energy Inc. has a 52-week low of $55.85 and a 52-week high of $72.99.
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 analysts' consensus estimates of $0.68 by $0.11. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. During the same quarter last year, the company 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. Analysts forecast that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.
Dominion Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 annualized dividend and a dividend yield of 4.0%. Dominion Energy's dividend payout ratio (DPR) is presently 93.03%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on D. Jefferies Financial Group upgraded shares of Dominion Energy from a "hold" rating to a "buy" rating and lifted their price objective for the company from $65.00 to $76.00 in a research note on Thursday, May 28th. Royal Bank Of Canada lifted their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a "sector perform" rating in a research note on Tuesday, May 19th. Barclays cut their price objective on shares of Dominion Energy from $70.00 to $69.00 and set an "overweight" rating on the stock in a report on Tuesday, June 23rd. Wall Street Zen cut shares of Dominion Energy from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Finally, Weiss Ratings upgraded Dominion Energy from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Dominion Energy has a consensus rating of "Hold" and a consensus target price of $68.00.
Check Out Our Latest Stock Report on D
Dominion Energy News Roundup
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Virginia Gov. Abigail Spanberger’s intervention could give the state greater influence over the merger’s terms, including protections for customers, jobs and the financial interests of Virginia. The deal remains subject to review by the State Corporation Commission. Gov. Spanberger to intervene in NextEra Energy and Dominion merger
- Neutral Sentiment: A regulatory timeline has been established for the landmark Dominion-NextEra transaction, providing investors with more visibility into the approval process, although final terms and timing remain uncertain. Timeline set for landmark Dominion-NextEra Energy merger
- Neutral Sentiment: Options-market activity is drawing attention to the possibility of a larger move in D shares, but options positioning is speculative and does not establish a fundamental catalyst. Is the Options Market Predicting a Spike in Dominion Energy Stock?
- Neutral Sentiment: A commission order requires Dominion to develop a plan for allocating data-center-related costs. The initiative may support the company’s ability to serve rapidly growing electricity demand, but it also raises the prospect of additional scrutiny over who pays for infrastructure investments. Commission orders Dominion to develop data center cost plan
- Negative Sentiment: Dominion reportedly faces as much as $800 million in tariffs on Siemens Gamesa wind turbines and related components. If not recovered through rates or otherwise mitigated, the added costs could pressure project economics, cash flow and returns. Dominion faces $800m Trump tariff bill
- Negative Sentiment: Spanberger’s unprecedented decision to formally intervene creates another hurdle for the merger and increases the risk of delays, tougher conditions or changes to the transaction’s expected benefits. Spanberger takes unprecedented step to intervene in $67B Dominion-NextEra merger
About Dominion Energy
(
Free Report)
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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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.
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