Jupiter Topco LLC Makes New Investment in Dominion Energy Inc. $D

Jupiter Topco LLC bought a new stake in Dominion Energy Inc. (NYSE:D) in the second quarter, Holdings Channel.com reports. The firm bought 143,272 shares of the utilities provider’s stock, valued at approximately $9,784,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC lifted its stake in Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after purchasing an additional 3,553 shares in the last quarter. Empowered Funds LLC grew its position in shares of Dominion Energy by 8.3% in the first quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock valued at $985,000 after purchasing an additional 1,344 shares in the last quarter. Woodline Partners LP increased its holdings in shares of Dominion Energy by 40.7% in the first quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock valued at $3,979,000 after purchasing an additional 20,522 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Dominion Energy by 71.2% in the first quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock valued at $1,708,000 after purchasing an additional 12,663 shares during the last quarter. Finally, Schnieders Capital Management LLC. lifted its position in Dominion Energy by 9.5% during the second quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider’s stock worth $7,041,000 after buying an additional 10,775 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on D shares. BMO Capital Markets boosted their price objective on Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company lifted their price target on Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Truist Financial reduced their price target on Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Morgan Stanley lowered their price target on shares of Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Dominion Energy in a research report on Wednesday, August 19th. Five 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $69.93.

Dominion Energy Price Performance

NYSE:D opened at $65.50 on Monday. Dominion Energy Inc. has a 52 week low of $55.85 and a 52 week high of $72.99. The stock’s fifty day moving average is $69.03 and its two-hundred day moving average is $65.80. The company has a market capitalization of $57.61 billion, a P/E ratio of 22.82 and a beta of 0.65. 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 issued its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same period last year, the company earned $0.75 EPS. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities analysts expect that Dominion Energy Inc. will post 3.57 EPS for the current year.

Dominion Energy Dividend Announcement

The business 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 dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.1%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.03%.

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.