12,492 Shares in Dominion Energy Inc. $D Bought by Redwood Investment Management LLC

Redwood Investment Management LLC bought a new position in Dominion Energy Inc. (NYSE:D) in the second quarter, HoldingsChannel reports. The fund bought 12,492 shares of the utilities provider’s stock, valued at approximately $853,000.

Several other large investors have also recently bought and sold shares of the company. Motiv8 Investments LLC acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $25,000. Triumph Capital Management bought a new position in Dominion Energy in the 3rd quarter valued at approximately $28,000. Blueline Advisors LLC acquired a new stake in Dominion Energy during the 4th quarter worth approximately $28,000. Costello Asset Management INC boosted its position in Dominion Energy by 66.7% during the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after buying an additional 200 shares during the period. Finally, Advocate Investing Services LLC bought a new stake in Dominion Energy during the 4th quarter worth approximately $29,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

Shares of D stock opened at $66.48 on Friday. The stock has a market capitalization of $58.47 billion, a PE ratio of 23.16 and a beta of 0.65. The business’s 50 day simple moving average is $69.09 and its 200 day simple moving average is $65.78. 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.

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

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be paid a dividend of $0.6675 per share. 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 (DPR) is currently 93.03%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on D shares. TD Cowen upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $69.00 to $80.00 in a research report on Wednesday, August 19th. Mizuho lifted their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Wells Fargo & Company boosted their price objective on shares of Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Seaport Research Partners downgraded Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, BMO Capital Markets raised their target price on Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Dominion Energy 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.