Nwam LLC increased its position in Dominion Energy Inc. (NYSE:D – Free Report) by 189.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 20,104 shares of the utilities provider’s stock after purchasing an additional 13,164 shares during the period. Nwam LLC’s holdings in Dominion Energy were worth $1,243,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in D. Capital Analysts LLC lifted its holdings in shares of Dominion Energy by 2.4% in the fourth quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider’s stock valued at $390,000 after purchasing an additional 157 shares in the last quarter. Navalign LLC lifted its stake in Dominion Energy by 1.2% in the 1st quarter. Navalign LLC now owns 14,229 shares of the utilities provider’s stock worth $880,000 after acquiring an additional 162 shares in the last quarter. Conning Inc. boosted its position in Dominion Energy by 0.5% during the 4th quarter. Conning Inc. now owns 33,217 shares of the utilities provider’s stock worth $1,946,000 after acquiring an additional 176 shares during the period. Castle Rock Wealth Management LLC increased its holdings in shares of Dominion Energy by 2.6% in the 4th quarter. Castle Rock Wealth Management LLC now owns 6,885 shares of the utilities provider’s stock valued at $422,000 after purchasing an additional 177 shares during the period. Finally, Mather Group LLC. increased its holdings in shares of Dominion Energy by 3.4% in the 4th quarter. Mather Group LLC. now owns 5,400 shares of the utilities provider’s stock valued at $316,000 after purchasing an additional 178 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.
Dominion Energy Stock Performance
D stock opened at $71.64 on Friday. The firm has a 50 day moving average of $67.58 and a two-hundred day moving average of $63.92. Dominion Energy Inc. has a 12 month low of $55.85 and a 12 month high of $71.84. The company has a market capitalization of $63.00 billion, a price-to-earnings ratio of 21.19 and a beta of 0.65. 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 Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Saturday, June 20th. Investors of record on Friday, May 29th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, May 29th. Dominion Energy’s payout ratio is 78.99%.
More Dominion Energy News
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Dominion and NextEra filed merger applications, advancing a deal that could create the world’s largest regulated electric utility and improve Dominion’s long-term growth profile. Article Title
- Positive Sentiment: The companies pledged $2.25 billion in bill credits and said merger costs would not be passed to customers, which could help regulatory approval prospects. Article Title
- Neutral Sentiment: State and federal regulators in Virginia, North Carolina, South Carolina and Washington will now review the proposal, and the process could take time before any closing in the second half of 2027. Article Title
- Negative Sentiment: The merger still faces scrutiny from lawmakers, regulators and local stakeholders, who are questioning costs, customer impacts and infrastructure issues tied to Dominion’s large transmission projects. Article Title
Analyst Upgrades and Downgrades
D has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. Truist Financial decreased their target price on shares of Dominion Energy from $67.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Seaport Research Partners cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. Finally, Mizuho lifted their price objective on Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. 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’s stock. According to data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and a consensus target price of $67.62.
Read Our Latest Analysis on Dominion Energy
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.
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