315,519 Shares in Dominion Energy Inc. $D Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new stake in Dominion Energy Inc. (NYSE:DFree Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 315,519 shares of the utilities provider’s stock, valued at approximately $21,547,000.

A number of other institutional investors have also made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Dominion Energy in the 2nd quarter valued at approximately $4,986,439,000. Wellington Management Group LLP boosted its position in shares of Dominion Energy by 46.2% during the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock worth $2,633,253,000 after purchasing an additional 14,197,581 shares during the period. Norges Bank acquired a new stake in Dominion Energy in the 4th quarter valued at approximately $655,142,000. Bank of New York Mellon Corp purchased a new stake in Dominion Energy in the second quarter valued at approximately $697,388,000. Finally, Capital Research Global Investors raised its position in Dominion Energy by 9.0% in the fourth quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock valued at $3,503,142,000 after purchasing an additional 4,940,692 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Dominion Energy stock opened at $68.64 on Wednesday. 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 Inc. has a 52-week low of $55.85 and a 52-week high of $72.99. The firm has a market cap of $60.37 billion, a PE ratio of 23.92 and a beta of 0.65. The company’s 50 day moving average is $69.20 and its two-hundred day moving average is $65.50.

Dominion Energy (NYSE:DGet Free Report) last posted its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, research analysts expect that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, September 4th. This represents a $2.67 annualized dividend and a yield of 3.9%. Dominion Energy’s dividend payout ratio is 93.03%.

Analyst Ratings Changes

Several research firms have recently commented on D. Seaport Research Partners lowered Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. TD Cowen upgraded Dominion Energy from a “hold” rating to a “buy” rating in a report on Wednesday. Weiss Ratings raised Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Truist Financial lowered their target price on Dominion Energy from $68.00 to $66.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Finally, Royal Bank Of Canada lifted their target price on Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $68.86.

View Our Latest Stock Analysis on Dominion Energy

Dominion Energy Profile

(Free Report)

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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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