Kera Capital Partners Inc. Makes New Investment in Dominion Energy Inc. $D

Kera Capital Partners Inc. purchased a new position in Dominion Energy Inc. (NYSE:D) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 58,425 shares of the utilities provider’s stock, valued at approximately $3,574,000.

Several other large investors also recently made changes to their positions in the company. Barnes Wealth Management Group Inc grew its position in Dominion Energy by 4.4% in the 2nd quarter. Barnes Wealth Management Group Inc now owns 3,970 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 169 shares during the period. Sovereign Financial Group Inc. raised its holdings in shares of Dominion Energy by 1.2% in the 3rd quarter. Sovereign Financial Group Inc. now owns 14,138 shares of the utilities provider’s stock worth $865,000 after acquiring an additional 169 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in Dominion Energy by 0.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 39,145 shares of the utilities provider’s stock valued at $2,394,000 after acquiring an additional 169 shares in the last quarter. SPC Financial Inc. boosted its stake in Dominion Energy by 1.4% during the 2nd quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock valued at $688,000 after purchasing an additional 172 shares during the last quarter. Finally, Maridea Wealth Management LLC increased its holdings in Dominion Energy by 2.1% during the 2nd quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock worth $505,000 after purchasing an additional 183 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

D has been the topic of several analyst reports. BTIG Research initiated coverage on Dominion Energy in a research report on Wednesday, October 22nd. They set a “neutral” rating on the stock. BMO Capital Markets dropped their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Barclays upped their target price on shares of Dominion Energy from $63.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 17th. Royal Bank Of Canada reissued a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a research report on Tuesday, October 28th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $64.78.

Dominion Energy Trading Up 1.0%

D opened at $58.96 on Wednesday. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.87. The stock has a fifty day moving average price of $59.75 and a 200-day moving average price of $59.73. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41. The firm has a market cap of $50.35 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.58 and a beta of 0.72.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.02 by $0.04. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.71 billion. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, equities research analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, December 20th. Investors of record on Friday, December 5th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.5%. Dominion Energy’s payout ratio is currently 90.82%.

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.