Providence First Trust Co Sells 23,671 Shares of Dominion Energy Inc. $D

Key Points

• Providence First Trust Co cut its stake in Dominion Energy by 87.1%, selling 23,671 shares and leaving the firm with 3,518 shares worth roughly $206,000.
• Dominion Energy topped Q1 estimates with $0.95 EPS (vs. $0.90) and $5.02B revenue (vs. $4.43B), saw revenue rise 23.1% year-over-year, and set FY2026 guidance of $3.450–3.690 EPS (consensus ~3.59).
• The company declared a quarterly dividend of $0.6675 (annualized $2.67) for a yield of about 4.3%, while analysts maintain a consensus "Hold" rating and a $66 average price target.

Providence First Trust Co lessened its position in Dominion Energy Inc. (NYSE:D - Free Report) by 87.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,518 shares of the utilities provider's stock after selling 23,671 shares during the quarter. Providence First Trust Co's holdings in Dominion Energy were worth $206,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in D. Triumph Capital Management purchased a new position in Dominion Energy during the third quarter valued at $28,000. United Community Bank purchased a new stake in shares of Dominion Energy in the 3rd quarter worth about $29,000. JPL Wealth Management LLC purchased a new stake in shares of Dominion Energy in the 3rd quarter worth about $30,000. Cornerstone Planning Group LLC increased its stake in shares of Dominion Energy by 5,080.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 518 shares of the utilities provider's stock worth $31,000 after acquiring an additional 508 shares in the last quarter. Finally, Torren Management LLC bought a new position in shares of Dominion Energy in the 4th quarter worth about $33,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Trading Down 2.1%

Dominion Energy stock opened at $61.68 on Thursday. Dominion Energy Inc. has a one year low of $52.53 and a one year high of $67.57. The business's fifty day moving average is $62.45 and its 200 day moving average is $61.28. The stock has a market capitalization of $54.25 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 3.31 and a beta of 0.65. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.59.

Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. The business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.43 billion. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.Dominion Energy's revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, sell-side analysts predict that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 20th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, May 29th. Dominion Energy's payout ratio is presently 78.99%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Weiss Ratings raised shares of Dominion Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, February 9th. Jefferies Financial Group raised their target price on shares of Dominion Energy from $60.00 to $65.00 and gave the company a "hold" rating in a research note on Friday, April 10th. Wells Fargo & Company dropped their price target on Dominion Energy from $67.00 to $64.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 20th. Scotiabank upped their price target on Dominion Energy from $63.00 to $67.00 and gave the stock a "sector perform" rating in a research note on Monday, March 2nd. Finally, Mizuho raised their price objective on Dominion Energy from $62.00 to $66.00 and gave the company a "neutral" rating in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Dominion Energy currently has an average rating of "Hold" and a consensus target price of $66.00.

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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