NewEdge Wealth LLC acquired 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. The fund acquired 79,128 shares of the utilities provider's stock, valued at approximately $5,404,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bryn Mawr Trust Advisors LLC acquired a new stake in Dominion Energy during the 2nd quarter worth approximately $7,346,000. Ausbil Investment Management Ltd acquired a new position in Dominion Energy during the second quarter valued at approximately $4,603,000. North Dakota State Investment Board acquired a new position in Dominion Energy during the fourth quarter valued at approximately $1,715,000. Florida Trust Wealth Management Co grew its stake in Dominion Energy by 51.6% during the second quarter. Florida Trust Wealth Management Co now owns 67,185 shares of the utilities provider's stock worth $4,588,000 after buying an additional 22,870 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Dominion Energy in the second quarter worth $7,645,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
D has been the topic of several recent research reports. BMO Capital Markets lifted their target price on shares of Dominion Energy from $64.00 to $70.00 and gave the company a "market perform" rating in a report on Wednesday, July 22nd. Barclays lowered their price target on Dominion Energy from $70.00 to $69.00 and set an "overweight" rating for the company in a report on Tuesday, June 23rd. Mizuho raised their price objective on Dominion Energy from $66.00 to $72.00 and gave the company a "neutral" rating in a research report on Tuesday, May 26th. Truist Financial reduced their price objective on Dominion Energy from $68.00 to $66.00 and set a "hold" rating on the stock in a research note on Thursday, August 13th. Finally, TD Cowen raised Dominion Energy from a "hold" rating to a "buy" rating and upped their target price for the stock from $69.00 to $80.00 in a research report on Wednesday. Five 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. According to data from MarketBeat.com, Dominion Energy currently has a consensus rating of "Hold" and a consensus price target of $69.93.
Read Our Latest Stock Analysis on D
Dominion Energy Trading Down 0.4%
D opened at $68.36 on Thursday. The firm's 50 day moving average is $69.23 and its 200-day moving average is $65.56. Dominion Energy Inc. has a 52-week low of $55.85 and a 52-week high of $72.99. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $60.12 billion, a P/E ratio of 23.82 and a beta of 0.65.
Dominion Energy (NYSE:D - Get Free Report) last announced its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, beating the consensus estimate 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%. The business's quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $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 fiscal year.
Dominion Energy Dividend Announcement
The company also recently disclosed 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 of this dividend is Friday, September 4th. Dominion Energy's dividend payout ratio is presently 93.03%.
Dominion Energy Company Profile
(
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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