Harvest Portfolios Group Inc. Purchases 20,455 Shares of Dominion Energy Inc. $D

Harvest Portfolios Group Inc. lifted its position in shares of Dominion Energy Inc. (NYSE:D) by 15.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,497 shares of the utilities provider’s stock after buying an additional 20,455 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Dominion Energy were worth $9,451,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of D. Rockefeller Capital Management L.P. grew its stake in Dominion Energy by 6.9% during the second quarter. Rockefeller Capital Management L.P. now owns 186,885 shares of the utilities provider’s stock worth $10,563,000 after purchasing an additional 12,041 shares during the period. Kera Capital Partners Inc. bought a new position in shares of Dominion Energy during the 3rd quarter worth approximately $3,574,000. Vanguard Group Inc. grew its position in shares of Dominion Energy by 16.2% during the 2nd quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock worth $5,979,551,000 after buying an additional 14,715,895 shares during the period. Bryn Mawr Trust Advisors LLC increased its stake in shares of Dominion Energy by 19.0% in the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 104,710 shares of the utilities provider’s stock valued at $5,918,000 after acquiring an additional 16,731 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new position in shares of Dominion Energy during the 2nd quarter valued at $240,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D opened at $63.00 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.65 and a current ratio of 0.77. The stock has a 50 day moving average price of $61.17 and a two-hundred day moving average price of $60.65. The firm has a market capitalization of $55.37 billion, a P/E ratio of 18.31, a P/E/G ratio of 1.72 and a beta of 0.71. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $67.57.

Dominion Energy (NYSE:D) last posted its earnings results on Monday, February 23rd. The utilities provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.65 billion. Dominion Energy had a return on equity of 9.67% and a net margin of 18.05%.The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, February 27th. Dominion Energy’s payout ratio is currently 77.62%.

Wall Street Analyst Weigh In

D has been the subject of a number of research reports. TD Cowen began coverage on shares of Dominion Energy in a report on Friday, January 9th. They issued a “hold” rating and a $65.00 price target for the company. JPMorgan Chase & Co. cut their price objective on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research report on Thursday, December 11th. Wells Fargo & Company decreased their target price on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Weiss Ratings upgraded Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Finally, Barclays reduced their price objective on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $64.50.

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.