Global Retirement Partners LLC Takes $1.60 Million Position in Dominion Energy Inc. $D

Key Points

• Global Retirement Partners purchased 23,424 Dominion Energy shares worth approximately $1.6 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 revenue of $4.48 billion, up 17.6% year over year.
• Analysts maintain a generally cautious outlook, with an average “Hold” rating and a $68 price target. Dominion declared a quarterly dividend of $0.6675, representing a 3.9% annualized yield.

Global Retirement Partners LLC purchased a new stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,424 shares of the utilities provider's stock, valued at approximately $1,600,000.

Several other large investors also recently made changes to their positions in D. Motiv8 Investments LLC bought a new stake in shares of Dominion Energy during the fourth quarter worth approximately $25,000. Blueline Advisors LLC bought a new position in shares of Dominion Energy during the fourth quarter worth approximately $28,000. Triumph Capital Management acquired a new stake in Dominion Energy during the 3rd quarter worth approximately $28,000. Costello Asset Management INC lifted its holdings in Dominion Energy by 66.7% during the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider's stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Finally, Advocate Investing Services LLC bought a new stake in Dominion Energy in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays dropped their target price on Dominion Energy from $70.00 to $69.00 and set an "overweight" rating for the company in a report on Tuesday, June 23rd. BMO Capital Markets upped their price target on shares of Dominion Energy from $64.00 to $70.00 and gave the company a "market perform" rating in a research note on Wednesday, July 22nd. 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 report on Friday, May 15th. Jefferies Financial Group raised shares of Dominion Energy from a "hold" rating to a "buy" rating and boosted their price objective for the company from $65.00 to $76.00 in a report on Thursday, May 28th. Finally, Morgan Stanley decreased their target price on shares of Dominion Energy from $69.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $68.00.

Dominion Energy Price Performance

Shares of NYSE:D opened at $68.88 on Tuesday. The firm has a 50 day moving average of $69.15 and a 200-day moving average of $65.45. Dominion Energy Inc. has a 12 month low of $55.85 and a 12 month high of $72.99. 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 stock has a market capitalization of $60.58 billion, a PE ratio of 24.00 and a beta of 0.65.

Dominion Energy (NYSE:D - Get Free Report) last released its 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. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The firm had revenue of $4.48 billion during the quarter, compared to analysts' expectations of $4.04 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The company's quarterly 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. On average, equities research analysts predict that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, September 4th. Dominion Energy's payout ratio is currently 93.03%.

About Dominion Energy

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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