Wedbush Fund Advisers LLC Buys New Position in Dominion Energy Inc. $D

Wedbush Fund Advisers LLC acquired a new position in Dominion Energy Inc. (NYSE:D) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,449 shares of the utilities provider’s stock, valued at approximately $645,000.

Several other large investors also recently made changes to their positions in the company. Motiv8 Investments LLC purchased a new position in Dominion Energy in the fourth quarter worth $25,000. Triumph Capital Management bought a new stake in Dominion Energy during the 3rd quarter worth approximately $28,000. Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy during the second quarter worth about $31,000. Beacon Financial Strategies CORP lifted its position in Dominion Energy by 269.2% in the 2nd quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider’s stock worth $33,000 after buying an additional 350 shares during the last quarter. Finally, Blueline Advisors LLC bought a new position in shares of Dominion Energy during the 4th quarter valued at $28,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.5%

Shares of Dominion Energy stock opened at $66.94 on Wednesday. Dominion Energy Inc. has a twelve month low of $55.85 and a twelve month high of $72.99. The firm has a market cap of $58.87 billion, a price-to-earnings ratio of 23.32 and a beta of 0.65. The business has a 50-day moving average price of $69.16 and a 200-day moving average price of $65.72. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.43.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities research analysts anticipate 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. Investors of record on Friday, September 4th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy’s dividend payout ratio is 93.03%.

Wall Street Analysts Forecast Growth

D has been the topic of a number of analyst reports. Wall Street Zen cut Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Truist Financial lowered their price objective on Dominion Energy from $68.00 to $66.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. Morgan Stanley cut their price target on Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. BMO Capital Markets lifted their target price on shares of Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Finally, Seaport Research Partners lowered Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $69.93.

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.