Cornerstone Planning LLC bought a new stake in shares of Dominion Energy Inc. (NYSE:D – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,351 shares of the utilities provider’s stock, valued at approximately $904,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after purchasing an additional 3,553 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Dominion Energy by 8.3% in the 1st quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock worth $985,000 after buying an additional 1,344 shares in the last quarter. Woodline Partners LP grew its stake in shares of Dominion Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock worth $3,979,000 after buying an additional 20,522 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of Dominion Energy by 71.2% in the 1st quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock worth $1,708,000 after buying an additional 12,663 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its position in shares of Dominion Energy by 9.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider’s stock valued at $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
D has been the subject of a number of analyst reports. Barclays increased their price target on shares of Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Bank of America upped their price objective on Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Wells Fargo & Company raised their price objective on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Seaport Research Partners cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings upgraded Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $67.69.
Dominion Energy Price Performance
D stock opened at $68.42 on Friday. The stock has a market cap of $60.17 billion, a PE ratio of 20.24 and a beta of 0.65. Dominion Energy Inc. has a 12 month low of $54.05 and a 12 month high of $69.28. The company has a 50-day moving average price of $64.94 and a 200 day moving average price of $62.49. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38.
Dominion Energy (NYSE:D – Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same period in the prior year, the company posted $0.93 EPS. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities research analysts anticipate that Dominion Energy Inc. will post 3.59 earnings per share for the current year.
Dominion Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Saturday, June 20th. Investors of record on Friday, May 29th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 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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