Freestone Grove Partners LP Makes New Investment in Dominion Energy Inc. $D

Freestone Grove Partners LP purchased a new position in shares of Dominion Energy Inc. (NYSE:D) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 39,717 shares of the utilities provider’s stock, valued at approximately $2,712,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in Dominion Energy during the 2nd quarter worth about $4,986,439,000. Wellington Management Group LLP grew its position in Dominion Energy by 46.2% in the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock valued at $2,633,253,000 after acquiring an additional 14,197,581 shares in the last quarter. Norges Bank acquired a new position in Dominion Energy in the 4th quarter valued at about $655,142,000. Bank of New York Mellon Corp purchased a new stake in Dominion Energy during the second quarter worth about $697,388,000. Finally, Legal & General Group Plc purchased a new stake in Dominion Energy during the second quarter worth about $467,353,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of D opened at $65.50 on Friday. The stock has a 50-day simple moving average of $69.03 and a 200-day simple moving average of $65.78. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. The stock has a market capitalization of $57.61 billion, a PE ratio of 22.82 and a beta of 0.65. Dominion Energy Inc. has a 1 year low of $55.85 and a 1 year high of $72.99.

Dominion Energy (NYSE:D) last released its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $4.48 billion for 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 business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, analysts predict that Dominion Energy Inc. will post 3.57 earnings per share 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. Stockholders of record on Friday, September 4th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, September 4th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.03%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Barclays lowered their price objective on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. UBS Group set a $80.00 target price on shares of Dominion Energy in a research note on Wednesday, August 19th. Seaport Research Partners lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Dominion Energy in a research report on Wednesday, August 19th. Finally, Royal Bank Of Canada boosted their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and an average target price of $69.93.

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.