ProShare Advisors LLC raised its stake in shares of Dominion Energy Inc. (NYSE:D – Free Report) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,924 shares of the utilities provider’s stock after buying an additional 12,285 shares during the quarter. ProShare Advisors LLC’s holdings in Dominion Energy were worth $9,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in D. Brighton Jones LLC grew its holdings in Dominion Energy by 64.3% during the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after buying an additional 3,553 shares in the last quarter. Empowered Funds LLC grew its holdings in Dominion Energy by 8.3% during 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 grew its holdings 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 in the last quarter. Intech Investment Management LLC grew its holdings 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 in the last quarter. Finally, Schnieders Capital Management LLC. grew its holdings in Dominion Energy by 9.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider’s stock valued at $7,041,000 after buying an additional 10,775 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.
Dominion Energy Trading Up 0.9%
D stock opened at $68.31 on Friday. The firm has a fifty day moving average price of $62.73 and a 200 day moving average price of $61.60. Dominion Energy Inc. has a fifty-two week low of $53.36 and a fifty-two week high of $68.97. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78. The firm has a market cap of $60.08 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 3.56 and a beta of 0.65.
Dominion Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 20th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, May 29th. Dominion Energy’s payout ratio is presently 78.99%.
Dominion Energy News Summary
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Dominion agreed to merge with NextEra in an all-stock deal valued at roughly $67 billion, with the combined company expected to deliver more than 9% annual EPS growth through 2032. Article Title
- Positive Sentiment: Several reports highlight that the merger could help Dominion tap surging electricity demand from AI and data centers, while potentially improving scale, infrastructure investment, and long-term earnings growth. Article Title
- Neutral Sentiment: Analysts and media coverage note the deal will face extensive regulatory review, and the final outcome could depend on how well the combined company addresses affordability and customer power bills. Article Title
- Negative Sentiment: Virginia solar advocates are urging regulators to proceed cautiously on the proposed NextEra-Dominion merger, arguing it could create barriers for distributed clean energy and should better protect ratepayers. Article Title
Analysts Set New Price Targets
D has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Morgan Stanley cut their price objective on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Dominion Energy in a report on Friday, May 8th. Royal Bank Of Canada raised their target price on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a report on Tuesday. Finally, Seaport Research Partners lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $66.46.
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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