HB Wealth Management LLC Acquires 25,939 Shares of Dominion Energy Inc. $D

Key Points

• HB Wealth Management increased its Dominion Energy stake by 54.1% in the second quarter, acquiring 25,939 shares for a total holding of 73,917 shares valued at approximately $5.05 million. Institutional investors own 73.04% of the company.
• Analyst sentiment remains mixed, with five Buy, nine Hold, and one Sell rating. The consensus rating is Hold, with an average price target of $69.93.
• Dominion Energy exceeded quarterly expectations, reporting $0.79 in earnings per share versus a $0.68 consensus estimate and $4.48 billion in revenue. The company also announced a quarterly dividend of $0.6675 per share, representing a 4.1% yield.

HB Wealth Management LLC grew its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 54.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,917 shares of the utilities provider's stock after acquiring an additional 25,939 shares during the period. HB Wealth Management LLC's holdings in Dominion Energy were worth $5,048,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Saudi Central Bank raised its stake in shares of Dominion Energy by 95.2% during the 2nd quarter. Saudi Central Bank now owns 61,527 shares of the utilities provider's stock valued at $4,202,000 after purchasing an additional 30,008 shares during the period. Compass Financial Management LLC bought a new position in Dominion Energy in the 2nd quarter worth about $1,141,000. NBH Bank bought a new position in Dominion Energy in the 2nd quarter worth about $75,000. AlphaGrep UK Ltd purchased a new position in Dominion Energy during the 2nd quarter valued at about $249,000. Finally, Montgomery Financial Services LLC purchased a new position in Dominion Energy during the 2nd quarter valued at about $92,000. 73.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on D. UBS Group set a $80.00 price target on shares of Dominion Energy in a report on Wednesday, August 19th. Wall Street Zen cut shares of Dominion Energy from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Dominion Energy in a report on Wednesday, August 19th. Seaport Research Partners downgraded shares of Dominion Energy from a "buy" rating to a "hold" rating in a report on Wednesday, May 20th. Finally, Truist Financial reduced their price target on shares of Dominion Energy from $68.00 to $66.00 and set a "hold" rating for the company in a research report on Thursday, August 13th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $69.93.

Dominion Energy Stock Performance

Shares of D opened at $65.72 on Tuesday. 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 company has a market cap of $57.80 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 3.07 and a beta of 0.64. The stock has a 50-day moving average price of $68.69 and a 200-day moving average price of $65.84.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data 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 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 analysts' expectations of $4.04 billion. During the same period in the prior year, the business earned $0.75 earnings per share. Dominion Energy's revenue for the quarter 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. As a group, equities analysts forecast that Dominion Energy Inc. will post 3.57 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

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 given a dividend of $0.6675 per share. The ex-dividend date is Friday, September 4th. This represents a $2.67 annualized dividend and a dividend yield of 4.1%. Dominion Energy's dividend payout ratio (DPR) 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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