United Capital Financial Advisors LLC purchased a new stake in shares of Dominion Energy Inc. (NYSE:D – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 38,852 shares of the utilities provider’s stock, valued at approximately $2,653,000.
Several other hedge funds have also recently bought and sold shares of D. Motiv8 Investments LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at about $25,000. Triumph Capital Management purchased a new position in Dominion Energy during the third quarter valued at approximately $28,000. Blueline Advisors LLC acquired a new position in Dominion Energy in the 4th quarter valued at approximately $28,000. Costello Asset Management INC lifted its position in Dominion Energy by 66.7% in 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 in the last quarter. Finally, Advocate Investing Services LLC acquired a new stake in shares of Dominion Energy during the 4th quarter valued at $29,000. 73.04% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have recently commented on D. Seaport Research Partners cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Mizuho boosted 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. UBS Group set a $80.00 target price on Dominion Energy in a research report on Wednesday, August 19th. Wall Street Zen lowered Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, BMO Capital Markets boosted their price target on Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and a consensus target price of $69.93.
Dominion Energy Stock Down 1.5%
Shares of D stock opened at $65.50 on Friday. The stock’s 50 day simple moving average is $69.03 and its 200 day simple moving average is $65.78. Dominion Energy Inc. has a twelve month low of $55.85 and a twelve month high of $72.99. 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 company has a market capitalization of $57.61 billion, a price-to-earnings ratio of 22.82 and a beta of 0.65.
Dominion Energy (NYSE:D – Get Free Report) last released 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. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, research analysts predict that Dominion Energy Inc. will post 3.57 EPS 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 issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, September 4th. Dominion Energy’s dividend payout ratio (DPR) is 93.03%.
Dominion Energy 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.
Further Reading
- Five stocks we like better than Dominion Energy
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc. (NYSE:D – Free Report).
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.
