Energy Income Partners LLC Purchases Shares of 1,233,506 Dominion Energy Inc. $D

Energy Income Partners LLC acquired a new stake in shares of Dominion Energy Inc. (NYSE:D) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 1,233,506 shares of the utilities provider’s stock, valued at approximately $84,236,000. Dominion Energy accounts for about 1.3% of Energy Income Partners LLC’s portfolio, making the stock its 27th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC lifted its holdings in shares of Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after acquiring an additional 3,553 shares during the last quarter. Empowered Funds LLC raised its position in Dominion Energy by 8.3% during the first quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock valued at $985,000 after purchasing an additional 1,344 shares during the period. Woodline Partners LP boosted its holdings in shares of Dominion Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock worth $3,979,000 after purchasing an additional 20,522 shares during the period. Intech Investment Management LLC increased its position in shares of 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 purchasing an additional 12,663 shares during the last quarter. Finally, Schnieders Capital Management LLC. lifted its position in Dominion Energy by 9.5% in the second 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 during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Shares of D stock opened at $68.64 on Wednesday. The company’s 50-day simple moving average is $69.20 and its two-hundred day simple moving average is $65.50. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. Dominion Energy Inc. has a one year low of $55.85 and a one year high of $72.99. The company has a market capitalization of $60.37 billion, a P/E ratio of 23.92 and a beta of 0.65.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same period in the previous year, the company posted $0.75 EPS. Dominion Energy’s revenue was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, equities analysts anticipate that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, September 4th. Dominion Energy’s dividend payout ratio is presently 93.03%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on D shares. Wall Street Zen downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Jefferies Financial Group raised shares of Dominion Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $65.00 to $76.00 in a research report on Thursday, May 28th. Mizuho upped their target price on Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Truist Financial decreased their price target 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. Finally, Morgan Stanley cut their price objective on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $68.00.

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.