United Capital Financial Advisors LLC Makes New Investment in Dominion Energy Inc. $D

United Capital Financial Advisors LLC acquired a new position in shares of Dominion Energy Inc. (NYSE:D - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 38,852 shares of the utilities provider's stock, valued at approximately $2,653,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock valued at $489,000 after purchasing an additional 3,553 shares in the last quarter. Empowered Funds LLC grew its position in Dominion Energy by 8.3% in the 1st quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider's stock valued at $985,000 after buying an additional 1,344 shares in the last quarter. Woodline Partners LP increased its stake in Dominion Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider's stock valued at $3,979,000 after buying an additional 20,522 shares during the period. Intech Investment Management LLC increased its stake in Dominion Energy by 71.2% during the 1st quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider's stock valued at $1,708,000 after buying an additional 12,663 shares during the period. Finally, Schnieders Capital Management LLC. raised its position in shares of Dominion Energy by 9.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider's stock worth $7,041,000 after buying an additional 10,775 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Down 1.5%

Dominion Energy stock opened at $65.50 on Friday. The firm has a market cap of $57.61 billion, a price-to-earnings ratio of 22.82 and a beta of 0.65. Dominion Energy Inc. has a 1 year low of $55.85 and a 1 year high of $72.99. The firm's 50 day moving average price is $69.03 and its two-hundred day moving average price is $65.78. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81.

Dominion Energy (NYSE:D - Get Free Report) last released 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. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The company's revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company posted $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, research analysts predict that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Announces Dividend

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 paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a yield of 4.1%. Dominion Energy's dividend payout ratio is currently 93.03%.

Analyst Upgrades and Downgrades

D has been the subject of several recent analyst reports. Jefferies Financial Group upgraded shares of Dominion Energy from a "hold" rating to a "buy" rating and increased their price objective for the company from $65.00 to $76.00 in a report on Thursday, May 28th. Wells Fargo & Company increased their price target on Dominion Energy from $66.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday, May 15th. Weiss Ratings reiterated a "buy (b)" rating on shares of Dominion Energy in a research report on Wednesday, August 19th. Barclays dropped their price objective on Dominion Energy from $70.00 to $69.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 23rd. Finally, Truist Financial decreased their target price on Dominion Energy from $68.00 to $66.00 and set a "hold" rating for the company in a research note on Thursday, August 13th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $69.93.

Dominion Energy 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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