Houlihan Financial Resource Group Ltd. Invests $508,000 in Dominion Energy Inc. $D

Houlihan Financial Resource Group Ltd. purchased a new position in Dominion Energy Inc. (NYSE:D) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,636 shares of the utilities provider’s stock, valued at approximately $508,000.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Dominion Energy by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider’s stock worth $6,274,975,000 after purchasing an additional 940,838 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Dominion Energy by 22.4% in the third quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock worth $3,355,175,000 after purchasing an additional 10,049,691 shares in the last quarter. State Street Corp lifted its position in shares of Dominion Energy by 1.3% in the third quarter. State Street Corp now owns 46,934,223 shares of the utilities provider’s stock worth $2,870,966,000 after purchasing an additional 592,815 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Dominion Energy by 4.4% in the third quarter. Wellington Management Group LLP now owns 30,746,146 shares of the utilities provider’s stock worth $1,880,742,000 after purchasing an additional 1,298,881 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Dominion Energy by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 20,442,935 shares of the utilities provider’s stock worth $1,196,056,000 after purchasing an additional 314,932 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Shares of D opened at $67.53 on Friday. The firm has a market cap of $59.39 billion, a PE ratio of 19.98 and a beta of 0.65. The firm’s 50 day moving average price is $63.19 and its 200 day moving average price is $61.86. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78. Dominion Energy Inc. has a twelve month low of $53.36 and a twelve month high of $68.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.43 billion. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, research analysts expect that Dominion Energy Inc. will post 3.59 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 20th. Shareholders 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 yield of 4.0%. The ex-dividend date is Friday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is 78.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wells Fargo & Company increased their price objective on Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Seaport Research Partners lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Royal Bank Of Canada raised their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Wall Street Zen lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Truist Financial began coverage on shares of Dominion Energy in a research report on Tuesday, April 21st. They set a “hold” rating and a $67.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $67.77.

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.