Aventail Capital Group LP cut its holdings in Dominion Energy Inc. (NYSE:D – Free Report) by 17.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,364 shares of the utilities provider’s stock after selling 15,903 shares during the period. Aventail Capital Group LP’s holdings in Dominion Energy were worth $4,416,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Motiv8 Investments LLC bought a new position in shares of Dominion Energy during the fourth quarter valued at about $25,000. Triumph Capital Management bought a new position in shares of Dominion Energy during the third quarter valued at about $28,000. Blueline Advisors LLC bought a new position in shares of Dominion Energy during the fourth quarter valued at about $28,000. JPL Wealth Management LLC bought a new position in shares of Dominion Energy during the third quarter valued at about $30,000. Finally, Costello Asset Management INC raised its stake in shares of Dominion Energy by 66.7% during the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. 73.04% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on D. Barclays boosted their price target on shares of Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings upgraded shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. Morgan Stanley reduced their price target on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $65.00 to $76.00 in a research report on Thursday, May 28th. Finally, Mizuho boosted their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $67.69.
Dominion Energy Stock Down 0.5%
Shares of Dominion Energy stock opened at $68.18 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38. Dominion Energy Inc. has a twelve month low of $53.59 and a twelve month high of $69.25. The company has a market cap of $59.96 billion, a price-to-earnings ratio of 20.17 and a beta of 0.65. The company’s 50 day moving average is $64.72 and its 200 day moving average is $62.40.
Dominion Energy (NYSE:D – Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Research analysts anticipate that Dominion Energy Inc. will post 3.59 EPS for the current year.
Dominion Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Saturday, June 20th. Stockholders of record on Friday, May 29th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is 78.99%.
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.
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